Timothy R. Leonhard: The Debt Corner Looking Better Affordable Multifamily Debt Situation Has Improved
By Caitlin Jones
1 min read
Tax Credit Advisor, June 2011: There have been several positive changes in the affordable multifamily rental housing debt market in the past few months. The market for debt financing on multifamily affordable housing assets remains very attractive and stable. Interest rates and spreads have come down about 30% since mid-March.
Fannie Mae, Freddie Mac, and HUD debt products offer good executions throughout the country for acquisition or refinancing transactions, providing borrowers with very low all-in interest rates ranging from 4.40% to 5.75%, depending on execution type, loan size and term, leverage, and asset and borrower quality.
