MBA: 2019 Multifamily Lending Up 7% to Record High

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.

MBA: 2019 Multifamily Lending Up 7% to Record High

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.

Dealmaker: Berkadia Secures $58M for Multifamily

Berkadia secured $57.5 million for multifamily properties in Florida and Wyoming. In Orlando, Berkadia secured a $31.5 million loan for The Residences at Veranda Park, a 150-unit mid-rise property with …

Dealmaker: Electra Capital Provides $10M in Equity Investments

Electra Capital, Lake Park, Fla., closed nearly $10 million in preferred equity investments for two Texas multifamily communities. In College Station, Electra made a $4 million, 36-month preferred equity investment …