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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.

Calendar

NAHC Annual Meeting

Senior Director Hugh Jeffers will be speaking on a panel at the National Association of Housing Cooperatives’ 54th Annual Conference October 15-18 in St. Thomas, USVI. Hugh will be speaking during two educational sessions. The first on October 16 at 3:45 entitled, ‘Financial Tools for Cooperatives’ and the second, a panel on cooperative funding, will […]

VA Governor’s Housing Conference

Love Funding Senior Director Laura Saull-Smith and Director Ann Bolen will be exhibiting at the 2014 Virginia Governor’s Housing Conference October 29-31 in Norfolk, VA. Stop by our booth to discuss the many finning options available through FHA’s affordable housing finance programs with Laura and Ann.

OALA Fall Conference

Senior Director Robert L. Smallwood will be attending the Ohio Assisted Living Association’s Fall Conference November3-4 in Columbus, OH. Stop by our booth to discuss your assisted living facility’s financing needs with Bob.

2014 Ohio Housing Conference

Ohio based Directors Brian Jones and David Opalek will be attending the Ohio Housing Conference November 4-6, 2014 in Columbus, OH. Stop by booth #103 to meet Brian and David and talk affordable housing finance with our experts.

MA Senior Care Association Spring Conference

Love Funding Senior Director Leonard A. Lucas will be exhibiting at the Massachusetts Senior Care Association Annual Conference & Trade Show November 13, 2014 at the DCU Center in Worcester, MA. Stop by our booth to discuss your healthcare financing needs with Len.

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