November 30, 2020

Lenders perceive multifamily as the strongest and safest real estate asset class going forward. The agency lenders have been extremely aggressive on pricing with no changes in sight. Count on banks, life companies and CMBS lenders to become more aggressive on terms, specifically debt service coverage ratios and cash-out restrictions, in order to compete with More

Amenities development in new projects will shift dramatically as a result of the COVID-19 pandemic, with multifamily developers hoping to protect upcoming ground-up projects from the current — and any future potential — pandemics. Allen Morris expects amenities to evolve as a result of changing demands from incoming tenants. Global City Development will watch amenities More