Mike Backman’s Post

Report: $523 Billion Multifamily Loans Mature in Five Years; Five Cities At Risk Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

Report: $523 Billion Multifamily Loans Mature in Five Years; Five Cities At Risk Contact me to discuss the latest scoop in real estate! #thecondoguy #dallashighrises #turtlecreekcondos #oaklawncondos #dallasdreamhomes #dallasrealestate #homebuyers #homesofinstagram #homesearch #housingmarket

It's always a pleasure speaking with Les Shaver about multifamily! Check out his most recent article discussing increased lending caps for Fannie and Freddie where I provide a little perspective on how the FHFA and GSEs are getting ready for a major increase in transactions in 2025. https://lnkd.in/gsMRpc4G

Our Loan Parameters...Message/call me if you have anything that matches. DSCR Rental Loans: ✅ Single Family, Warrantable Condos, Townhomes, 2-4 Units Eligible ✅ 30-Year Fixed (ARM and IO options available) ✅ Minimum Loan Amount: $75k ✅ Up to 80% LTV on Purchase or Rate-Term Refinance ✅ Up to 75% LTV on Cash-Out Refinance ✅ Minimum Debt Service Coverage Ratio 1.1x Fix and Flip Loans: ✅ Single Family, Warrantable Condos, Townhomes, 2-4 Units Eligible ✅ 12-Month Interest-Only Term ✅ Minimum Loan Amount: $50k ✅ Up to 90% of the Purchase Price & Up to 100% of the Rehab; not to exceed 75% ARLTV ✅ Extensive Rehab Financing (Budget >50% of the Purchase Price) Allowed ✅ First Time Investors Allowed

$523 Billion Multifamily Loans Mature in Five Years; Five Cities At Risk Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

$523 Billion Multifamily Loans Mature in Five Years; Five Cities At Risk Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

🏦💔 COMM. MBS APARTMENT DISTRESS SURGES 💔🏦 Distress in the multifamily sector of commercial real estate is mounting as debt issued during a time of ultra-low interest rates is coming due. Among commercial mortgage-backed securities loans for single-borrower, large multifamily properties, the rate of distress is up 185% in the past six months. More specifically, the distress rate for these types of multifamily loans grew from 2.6% to 7.4% between January and June. The overall CMBS distress rate across the major property types tracked by CRED iQ was 8.6% as of June. Office and retail properties backed by CMBS loans have the highest distress rate, at 11.5% and 11.7%, respectively. An estimated $669 billion in multifamily loans, including, but not limited to, CMBS debt, is expected to mature between 2024 and 2026. Similar to the rest of the commercial real estate market, there's a fair share of "extend and pretend" happening within multifamily, as borrowers are seeking short-term extensions on loans about to mature with the hope that economic conditions, including interest rates, will improve in one to three years. While a lot of attention has been placed on the amount of new apartment construction, there are indications most of the distress is coming from loans backing older multifamily properties. There are also value-add plays from less sophisticated borrowers, including some first-time investors in the multifamily market that took out highly leveraged loans a few years ago to refurbish properties and raise rents significantly. Some of those investors don't have the deep pockets of other, more sophisticated multifamily operators. Those latter groups may also be facing a higher amount of distress, but the uptick in interest rates won't faze them as much. Some borrowers will be able to recapitalize their debt structure, pay down their loans and bring in new equity to take out a new loan at a lower loan-to-value ratio. Like much of the commercial real estate market, the future of the multifamily sector depends in large part on what happens with interest rates in the short and medium terms, and how long the U.S. economy will be in a higher interest-rate environment. #mortgagebackedsecurities #default #commercial #interestrates #ericcook

Dive into the Commercial Real Estate Crisis: Multifamily Loan Losses Surge in 2023 Discover why investors are eyeing 'generational opportunities' amidst record-high defaults and declining incomes. Don't miss out on the insights shaping the future of CRE! #CommercialRealEstate #RealEstate #MontclairStateUniveristy #Defaults

🏁 Lenders are in a competitive race for $520M in multifamily loans! Discover what’s driving the surge and how it impacts the real estate market. https://ow.ly/knIr50RuTmi #RealEstateFinance #MultifamilyLoans #LendingTrends #CapitalConnect #eXpCommercial #CommercialRealEstate #News #Updates

🏁 Lenders are in a competitive race for $520M in multifamily loans! Discover what’s driving the surge and how it impacts the real estate market. https://ow.ly/knIr50RuTmi #RealEstateFinance #MultifamilyLoans #LendingTrends #CapitalConnect #eXpCommercial #CommercialRealEstate #News #Updates