Watching Austin's Multifamily Market
Austin may hold your next big investment. Also, Carter Multifamily scores a $300+ Refi package, a look at the pros and cons of apartment ownership, and an introduction to small balance loan options.
The Multifamily Minute takes a look at the latest news and trends across the multifamily industry, featuring content from Janover’s affiliated sites.
Are you looking for financing? Click below to get a free quote today.
Carter Multifamily Secures $302M Refi
JLL Capital Markets arranged a stellar debt and equity package through Freddie Mac® for the refinance of a six-property portfolio comprising 1,494 units across the DMV area. The package includes seven-year floating rate loans that encompass $262 million in debt and $40 million in equity — more details on the portfolio and financing package can be found in this Multifamily.Today article on the deal.
Your Best Small Balance Commercial Loan Options
While it’s easy to think that most multifamily deals represent tens or even hundreds of millions of dollars per transaction, the truth is that a significant portion of multifamily investment takes place on a much smaller scale. After all, not every investor has access to or is even eligible for such large sums of capital debt. Luckily, as this article explores, investors have a few great small balance loan options to choose from when targeting assets under $5 million.
The Pros and Cons of Apartment Ownership
Owning and operating an apartment building is not for the weak. Though it can potentially be a highly lucrative investment to make, it can also be a fast track to stress (and bankruptcy) for those not properly prepared for the task. There are many considerations would-be investors need to mull over before jumping into the world of apartment ownership, but this article from Multifamily.Loans condenses the major points into an easily-digestible set of pros and cons.
Austin: A Multifamily Investor’s Safe Haven
The multifamily market in Austin, Texas has been on a roll of late, and may not be slowing any time soon. Massive opportunities in the region for residents and corporations alike have managed to keep housing demand at impressive levels — with the region sporting its lowest vacancy rate since 2014. More on Austin’s investment trends can be found in the latest market analysis from the team at Multifamily Today.
Did someone forward you this email? Awesome. Subscribe below to get our weekly insights right in your inbox.
Thanks for reading Multifamily Minute! Subscribe for free to receive new posts and support my work.