As housing demand continues to surge across the nation, finance leaders are predicting that capital will continue to flow for both affordable and market-rate multifamily deals in 2020.
“There is a lot of capital in the multifamily lending space for both market-rate and affordable financing,” says Rich Martinez, senior vice president of multi-family production and sales at Freddie Mac. “We expect the markets to be as strong and robust as they have been in the past several years.”
Hal Collett, managing director of Federal Housing Administration and affordable lending at PGIM Real Estate Finance, agrees. “The interest rate environment has been incredible. It has played a large role in keeping us at a level to continue to spur business in a large way,” he says. “All indications are that we will continue to have a strong environment.”
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