Multifamily lending has slowed as buyers and sellers do battle over asset valuations, interest rates rise and the cost of capital continues to tick up, panelists at GlobeSt. Multifamily conference agreed.
"It's hand to hand combat," said Gregory Reed, SVP Originations Multifamily and Finance at Capital One, at a panel on capital and lending resources. "It almost feels a little like Q4 2008."
As the Fed speeds up quantitative tightening, more product is coming online to compete with higher spreads.
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