It is important to consider that the current building spree
of multifamily product really hasn't begun to overwhelmingly change the housing stock.
Fortunately for apartment owners, investor demand
for multifamily product has remained strong even as prospective renters have purchased homes instead.
The more
expensive multifamily product within a close driving distance to employment hotspots and other amenities hasn't had the same degree of competition from the for sale market.
MIG Real Estate, LLC invests and operates a diverse portfolio of properties located primarily in the Sunbelt and Western U.S. Currently the Firm is engaged in an aggressive expansion strategy, seeking investment opportunities in hospitality, retail, office, industrial / flex and
multifamily product types throughout its target markets.
Solid fundamentals and above - trend employment growth spur demand for
multifamily product across the metro, leading to significant rent increases.
Marcus & Millichap was expected to broker $ 6.9 billion of
multifamily product in 2004, up from $ 2.8 billion in 1999, says Thompson.
Life insurance companies, for example, are doing deals today at 70 % loan - to - value for
multifamily product vs. 65 % a year ago, says Van Konynenburg.
Despite renters» preference for this type
of multifamily product, investment and development has only recently rebounded.
Banks are finding
the multifamily product has a great risk profile.
They're demanding a very high - end amenity package, and a lot of
the multifamily product that's been recently brought to market fits within that appetite.
The company is looking for shopping centers and
multifamily product and will maintain its geographic focus in the eastern half of the United States.
Then, a few friends, who read the same news feeds, asked something akin to «Is
the multifamily product finally going to crash allowing us investors
Richard Lawch, Fannie Mae's senior vice president of
multifamily products and capital markets, says the lending pie as a whole has shrunk due to reduced velocity in the number of sales transactions and less borrower activity in general in 2002.
With GSE investor guideline experience across
the multifamily product types and a staff that prides itself on its work quality, we work alongside each client to provide timely, thorough, and accurate pre-screen and full underwriting services.