The market for permanent financing is a crowded place these days, but one new player is determined to serve apartment developers for the long term. Judging from its past successes, it can’t be counted out.
Even as the ranks of multifamily construction lenders continue to thin, borrowers can expect to see a broader array of loan products from the newly consolidated financial institutions.
Fannie Mae reached an agreement on May 23 with the Office of Federal Housing Enterprise Oversight (OFHEO) to address concerns over an accounting scandal at the mortgage giant
Developers seeking financing for the moderate rehabilitation of their properties have a new tool at their disposal, at least if the property received any low-income housing tax credit (LIHTC) funding.
