Lenders Growing Wary of Multifamily Construction Loans

National Mortgage News, Dec. 1, 2016–Collins, Brian

The multifamily construction boom may finally be coming to an end as leasing of new units has slowed and lenders are becoming more cautious. The Mortgage Bankers Association argues that the market is simply transitioning from extremely tight market conditions with very low vacancy rates and rapid rent increases to a period of more moderate vacancy rates and rent increases.