Multi-Family Financing Options

[Bobby Larsen]

FYI Because I think this will have a larger impact on pricing than the shelter-in-place orders. Not only have interest rates crept up but overall terms like reserves/escrows and debt service coverage have increased but now I hear that due to changes in Freddie terms with originators, most SBL originators are ending the program until further notice.

Assuming there are still buyers out there in the $2mm and up Multi-Family space, what are you using or assuming for financing? On the smaller side, I'm sure there will still be select regional/local credit union options but for larger multi-state buyers this will no doubt have an impact.