The Bridge to Opportunity via CPExecutive.com

With the nation’s multi-housing market on the upswing, interim financing can be the bridge over troubled traditional-lending waters for experienced borrowers aiming to capitalize on opportunities to acquire or reposition multi-family properties.

Despite data from REIS Inc. showing a year-to-year drop of 21 percent in the multi-family vacancy rate—from 6.6. percent to 5.2 percent between 2010 and 2011—loans for unstabilized multi-family properties remain hard to get from traditional lending sources and government-sponsored enterprises (GSEs), which are focused on stabilized properties.

The Catch-22 is that under-performing properties-—at which the occupancy level is below the minimum required by GSEs—have an urgent need for financing to execute improvements or engage better management that will make them competitive and, ultimately, increase occupancy.

Read more...The Bridge to Opportunity via CPExecutive.com