Mike Kelly

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MFE Pop Quiz: Caldera's Mike Kelly Says Delinquencies Still an Issue

While it seems that most people in the multifamily market have been giddy with excitement, Mike Kelly sees another side. The president and co-founder of Denver-based Caldera Asset Management says his phone has been ringing with calls from underwater owners looking to refinance. “With the 10-year [Treasury] jumping, our phones are starting to ring a lot because people are starting to realize that they can’t refinance their existing deals,” he says. More

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