What’s in store for multifamily investors in the new year ahead? Most industry observers are expecting financing volumes to further expand in 2014. “We do think there will be more capital available,” says Bob Barolak, co-COO at Greystone. Lenders will become even more eager to make loans in the multifamily space, he says, because of greater confidence in the economy and markets.
Another major reason for an expected bump in capital available in the next 12 months is that CMBS financing has come back into the multifamily sector—from a volume of practically zero in 2012. “Until the second quarter of 2013, CMBS lenders could not compete in the multifamily space,” Barolak points out. “That has changed in a big way. They will continue to increase market share significantly in 2014.”
Read more...2014 Multifamily Investment Forecast | Multi-Housing News Online