In its March 2015 market report, Real Capital Analytics took a deep dive into 2014’s lending environment. And, while cries of overheated market have been prevalent for a couple of years now, the research firm found that underwriting assumptions only grew slightly more aggressive in 2014 than 2013.
The average LTV on apartment loans climbed to 69% in 2014, after hitting 67% the year before. The big driver of that movement was agency lending, which went from from 65% in 2013 to 69% in 2014.
Read more...As Agencies Change Focus, LTVs Rise | Multifamily Executive Magazine
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