The latest report from Washington, D.C.-based Mortgage Bankers Association (MBA), released this week at its CREF/ Multifamily Housing Convention in San Diego, Calif., gives a glimpse into how multifamily lending fared to close out 2012.
It’s one thing to post an increase, but it’s a whole different ball game when you can post a 42 percent increase year-over-year. And that’s exactly what Freddie Mac did in 2012 for its volumes in loan purchases and bond guarantees for multifamily.
Last week, MFE took some time to pick the brain of Bob Faith, CEO of Charleston, S.C.-based Greystar, about how his company came to ink one of the largest multifamily portfolio deals in recent memory.
The latest report from Dallas, Texas-based research firm Axiometrics spells out some positive data for 2013 job growth and rental revenue increases. But not all metros have such a bright outlook for solid fundamental growth this year.