SAN DIEGO—The most common incentives being offered for multifamily financings are from the agencies and involve pricing discounts, such as affordable components and green rewards, Ory Schwartz, SVP-managing director in NorthMarq's Los Angeles office, tells GlobeSt.com. As we recently reported, the firm has arranged refinancing of $40 million for two multifamily properties in California and Nevada, and the buyer took advantage of green rewards and year-end promotional pricing to secure the deals.
We spoke with Schwartz about the types of financing incentives multifamily buyers are using to close deals.
GlobeSt.com: What are the most common financing incentives buyers are using to close multifamily deals?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
