More Leverage, Lower Rates Dominate Multifamily Deals
Multifamily financing is as hot as ever, with lenders being "smart-aggressive," says KeyBank Real Estate Capital SVP Charlie Williams. Lenders are leaning into deals by offering more leverage and lower rates, without compromising credit quality like we saw in 2006. KeyBank is one of the largest multifamily lenders in the country, offering clients access to Fannie Mae, Freddie Mac, FHA, CMBS, and life company executions. Charlie tells us his team is working on a $40M acquisition in Birmingham, Ala., and a $30M acquisition in the San Francisco Bay area; other notable projects include a $100M portfolio financing for a Boston-based client and a $56M refinancing for a Texas-based client. KeyBank also recently closed two large industrial portfolios and an office building through its CMBS program. For more info on our sponsor, click here.
