Good times are here to stay around for a while in the multifamily sector, says Donald P. King III, Walker & Dunlop's chief production officer. The demand in the space has created a good climate for borrowers, and secondary markets are starting to gain more traction. The only unknown right now that could impact this momentum, he contends in a recent conversation with GlobeSt.com, is the status of Fannie Mae and Freddie Mac.

GlobeSt.com: Do you see the multifamily market overheating any time soon?

Donald King: I do not think it's starting to overheat. The fundamentals behind the multifamily market as a whole continue to be very, very strong. Demand is increasing. There hasn't been too much new product added. Financing is available in large part thanks to Fannie and Freddie and HUD. There continues to be very high demand by investors and a lot of capital still chasing that product.