May 19, 2025

Count on plenty of available capital for small multifamily assets going forward. Over the last few months banks have come back to the market and are now competing aggressively with the agencies. Banks are targeting more permanent lending and will put out a bucket of money for small-balance deals. Regional lenders will remain active in tertiary markets, while agency lenders will continue to cater to borrowers nationwide. There will be more focus on mission-driven/affordable workforce housing — especially from the GSEs. More