Uncertainty surrounding First Republic Bank—the most active lender in San Francisco's multifamily market—is causing investors and buyers to turn to other options for financing.
"Uncertainty surrounding First Republic Bank, the most active lender in the market, is likely to cause investors and buyers to turn to alternative financing options," Colliers said, in a Q1 2023 market report.
"These could include cash purchases, private lenders, seller carry, and other nontraditional sources of funding. As a result, the market may see a shift towards smaller deals and more creative financing structures as investors look to make the most of available resources and opportunities," the report said.
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