Multifamily Capital Is Plentiful for Those Who Need It Less via Multifamily Executive Magazine

After spending a couple of days with multifamily players in Las Vegas at the Apartment Finance Today Conference, "Meet the Money," from April 2–4, we're convinced that worklife behind and beneath the giddy headlines is anything but giddy.

Clearly, expectations around the fundamentals of demand are high and rising higher. Just as evident, supply has been at a low ebb for what seems like forever, and it also seems like what's coming out of the housing stock through obsolescence is doing so at a level accelerated by neglect, lack of resources, or both.

The biggest takeaway we can offer up after listening to the tentative and hyper-selective way capital is working into the arterial network of the multifamily gross domestic product is this: If you don't need money, you can probably get more of it. If you do need money, you're going to have to do an awful lot right and pay a lot for the privilege of having people profit from your borrowings or need for equity.

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