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.”
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