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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

ELA Annual Conference

Love Funding will be sponsoring the Eastern Lenders Association Annual Conference March 9-11 in Baltimore, MD.

NIC Capital & Business Strategies Forum

Love Funding will be sponsoring the 2015 NIC Capital & Business Strategies Forum March 31-April 2 in San Diego, CA. Stop by our meeting room Aqua 311 A (3rd floor) to meet Senior Directors Leonard A. Lucas, Laura Saull-Smith and Bob Smallwood and discuss how we can best serve your seniors housing and healthcare financing needs. Join Len on Tuesday, March […]

AHCA Independent Owner Leadership Conference

Senior Director Laura Saull-Smith will be attending the AHCA Independent Owner Leadership Conference March 11-13, 2015 in Ft Lauderdale, FL. Contact Laura today to set up a meeting or look for her at the conference to discuss your healthcare facility’s financing needs.

MFE Leadership Summit

Senior Director Peter Wessel and Director Adrian Hartman will be sponsoring the 2015 MFE Leadership Summit March 12-14 in Vail, CO. Look for Peter and Adrian on the slopes in Vail or contact them today to set up a meeting to discuss how we can best serve your multifamily financing needs. Contact Peter | Contact Adrian

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