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Recovery of Commercial Property Fueled by Apartments: Mortgages - Love Funding

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

InterFace Multifamily Texas

Love Funding Senior Director Laura Saull-Smith will be speaking at the upcoming InterFace Multifamily Texas Conference October 6, 2016 in Dallas, TX. Laura will be speaking on the Capital Markets Panel entitled, “Capital Markets Update: What Is the Availability, and Cost, of Capital for Investment and Development Transactions? Will Capital be Available for Deals in […]

OHC Fall Symposium

Director David Opalek will be attending the Ohio Housing Council’s Fall Symposium October 5, 2016 in Columbus, OH.

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