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Announcing A Record Year for Multifamily Securities – Winston Rowe & Associates
Winston Rowe & Associates provides financing solutions for apartment building owners nationwide without upfront or advance fees. 248-246-2243
Winston Rowe & Associates, a national no upfront fee commercial real estate advisory and due diligence firm has prepared this brief market analysis concerning multifamily securities.
Freddie Mac says it issued a record $28 billion in multifamily securities through 19 K-Deals this year, up from $21.2 billion and 17 K-Deals in 2012.
In a statement, Freddie reported that its private investor base grew to more than 140 domestic and international investors. Typical investors are life insurance companies, banks, pension funds, money managers and hedge funds, some of whom assume first loss positions, reducing taxpayer risk.
“The primary financing mechanism for the multifamily industry is securitization, and we are the industry leader in that space,” said Mitchell Resnick, Freddie Mac Multifamily vice president of loan pricing and securitization. “We are the most prolific issuer of CMBS backed by multifamily mortgages since the market crash in 2009.”
Resnick added, “We look forward to the continued health of the multifamily market and for demand to remain strong in 2014. We expect to issue approximately $25 billion in multifamily securities across 15 to 20 K-Deals next year. However, this is dependent upon FHFA’s guidance for 2014, which has not yet been announced.”
Winston Rowe & Associates always welcomes the opportunity to speak with clients directly. The can be contacted at 248-246-2243 or visit them on line at http://www.winstonrowe.com
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