Rate Plunge Prompts Multifamily Borrowing Binge

  • March 5, 2020
  • Multi-Housing News

Property owners are furiously trying to take advantage of plunging interest rates by attempting to lock in long-term mortgages. “The phone is ringing off the hook, as you might imagine,” Andrew Gnazzo, managing director of multifamily finance at intermediary firm Walker & Dunlop, said at the “Financing Multifamily Through the Capital Markets” panel of the CRE Finance Council’s High Yield & Distressed Realty Assets Summit in New York.

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