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Recovery of Commercial Property Fueled by Apartments: Mortgages

Demand for U.S. apartment buildings is surging as the homeownership rate hovers near the lowest level since 1998 and government-supported mortgage companies provide record levels of financing for apartment properties. That’s fueling a rush by investors to buy buildings and helping lenders recover 75 percent of the value of defaulted mortgages tied to multifamily housing, the highest recovery rate on all commercial property.

Sales of U.S. apartment properties totaled $3.8 billion in January, a 53 percent increase from the same month a year earlier, the strongest start to the year compared with offices, and shopping centers, according to Real Capital Analytics Inc., a New York-based commercial property data firm.

The above is an excerpt from “Recovery of Commercial Property Fueled by Apartments: Mortgages” by Oshrat Carmiel. Read the full article on Bloomberg.



Attending MBA’S CREF Multifamily Housing Convention & Expo February 1-4 in San Diego, CA? Love Funding’s Executive Management team and Love Wholesale look forward to seeing you there! Look for us at the FHA Regional Councils Meeting on Sunday, February 1 and the Multifamily Council Meeting on Monday, February 2. Or contact us today to set up a meeting in our suite. To learn more […]

NLHA Mid-Year Membership Meeting

Look for Love Funding Senior Director William E. Jones, Jr. and Director Matthew Meskill at the National Leased Housing Association’s Mid-Year Membership Meeting February 4-6, 2015 in Naples, FL. Stop by our booth to meet Bill and Matt and discuss how we can best serve your affordable housing financing needs.

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