This is the most difficult time for obtaining financing since Zelman and Associates started measuring this in 2012 and the number of floating-rate mortgage loans is headed to zero.
That is according to Mark Franceski, Managing Director, Zelman & Associates – A Walker & Dunlop Company, who was joined by Matthew Vance, Senior Director and Americas Head of Multifamily Research for CBRE, as part of a panel that last week discussed multifamily housing financing and investing at the Middleburg Housing Summit, hosted by Middleburg Communities.
Multifamily is the most preferred asset class among investors for the first time ever, according to the most recent CBRE client survey.
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