STEP RIGHT UP, FOLKS, the chance might not come again. The 10-year Treasury and LIBOR remain compressed, lender spreads are still competitive, and there's never been a better time to lock in an interest rate. The low cost of capital has fueled the transaction market and kept cap rates low, as multifamily remains the darling of the investor class. And with strong fundamentals spurring the industry along, hopeful developers are itching to break ground again, looking to make up for lost time with some low-cost construction capital. But how long can we rely on these ultra-low rates? Can the industry continue to attract capital at a frenzied pace? Don't blink; this offer is for a limited time only.

Scared Straight

Construction and rehab debt has warily reappeared, but in the wake of extend-and-pretend, its guard is up.

Seize the Day

DayLow interest rates have propelled the industry— but how long can it last?