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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

A Home for Everyone Conference

Director David Hirsch will be exhibiting at the Wisconsin Collaborative for Affordable Housing’s A Home for Everyone Conference July 13-14, 2016 in Appleton, WI. Stop by our booth to discus your financing needs with David.

NH&RA Summer Institute

Love Funding Director and NH&RA board member Holly Bray will be attending NH&RA’s Summer Institute July 21-23, 2016 in Martha’s Vineyard, MA.

TAAHP’s TX Housing Conference

TAAHP’s TX Housing Conference will be held July 25-27, 2016 in Austin, TX. Contact our affordable housing finance expert, Director Ken Charbauski today to schedule a meeting at the conference.

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