February 12, 2024

Multifamily lending will be more borrower friendly during the second half of the year as rates start to come down. Lower rates will help spur activity and simultaneously reduce the impact of the large pool of loans set to mature with current rates at least 1.5% below the current interest rate environment. Look for a continued focus on strong sponsors and well-performing markets, with the agencies reclaiming their historical market share levels. While banks and life companies will be some of the most attractive options, CMBS lenders will become more popular because of decreased spreads. More