Multifamily rescue funds waiting for distressed borrowers seeking exits or bailouts to come knocking at their doors are no doubt disappointed and impatient.

Simply put, multifamily housing loan distress has been "slow to arrive," according to Yardi Matrix.

"Because many borrowers expect interest rates to go down further over the next two years, few want to lock in long-term loans at current rates that start in the low 6% range," the report said.

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