Many Factors Leading to Multifamily Strength
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Gerson: “Both the trend of decreasing homeownership and the continually growing need for multifamily units will continue for the next two decades, with only the possibility of periodic resets in some regions.”
SAN DIEGO—From a recovering economy reducing the need for doubling up to high single-family-housing prices and young seniors entering the apartment market,multifamily is still one of the strongest sectors in real estate, Gerson Law Firm’s principal Gordon Gerson tells GlobeSt.com. We spoke with Gerson exclusively to get his take on the multifamily lending market for the foreseeable future.
GlobeSt.com: Why is the multifamily lending market so hot?
Gerson: In 2015, the multifamily lending market saw record-setting volume. While the final figures are not yet available, the total financings may top $240 billion. The east and west coasts have especially been hotbeds for the multifamily market…
