SAN DIEGO—While attending MBA's CREF/Multifamily Housing Convention and Expo 2017, GlobeSt.com caught up with attendee Ed Hussey, head of multifamily production at Pillar, a division of SunTrust Bank, about his thoughts on the market.
According to Hussey, his outlook for multifamily property refinance origination growth is that “Fannie Mae's introduction of a new Moderate Rehabilitation Supplemental Loan is good news for multifamily property owners.”
He tells GlobeSt.com that “This new supplemental loan reinforces emphasis on rehab/repositioning deals this year, which is consistent with market forecasts that new construction lending of multifamily properties will likely be down this year.”
Market forecasts show another good year for multifamily loan production, he explained. “According to reports released at MBA CREF, it may not be a record year but will be a strong year for commercial mortgage refinancing of multifamily properties,” he said. “The reports point to more emphasis moving to repairing/rehabbing/repositioning of the existing stock of apartments.”
Keep checking back with GlobeSt.com this week for more from the MBA's CREF/Multifamily Housing Convention and Expo 2017 and check out the photos below from some of the opening night's events.
SAN DIEGO—While attending MBA's CREF/Multifamily Housing Convention and Expo 2017, GlobeSt.com caught up with attendee Ed Hussey, head of multifamily production at Pillar, a division of
According to Hussey, his outlook for multifamily property refinance origination growth is that “
He tells GlobeSt.com that “This new supplemental loan reinforces emphasis on rehab/repositioning deals this year, which is consistent with market forecasts that new construction lending of multifamily properties will likely be down this year.”
Market forecasts show another good year for multifamily loan production, he explained. “According to reports released at MBA CREF, it may not be a record year but will be a strong year for commercial mortgage refinancing of multifamily properties,” he said. “The reports point to more emphasis moving to repairing/rehabbing/repositioning of the existing stock of apartments.”
Keep checking back with GlobeSt.com this week for more from the MBA's CREF/Multifamily Housing Convention and Expo 2017 and check out the photos below from some of the opening night's events.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
