The apartment business has weathered the Covid-19 pandemic better than most of the real-estate sector. That is starting to change.
Owners of multifamily buildings are falling behind on loan payments. Banks view a greater number of rental loans as high risk, and fewer lenders are available to help struggling developers with financing. Eviction protections, lower rent collections and unprecedented declines in the asking rent in some urban markets are also taking their toll on apartment owners.
Read more...Rent Collection Is Down, and Apartment Owners Feel the Squeeze via WSJ