Evan Katzin, Director of the Real Estate Investment Group at Alliance Bernstein, will be a featured panelist at the upcoming Connect Apartment 2023 event in Key Biscayne, Florida. In an exclusive interview with ConnectCRE.com, Evan shares his insights on current market trends and lending opportunities in the multifamily community.
As interest rates rise and traditional lending options become scarce, investors may turn to affordable housing projects that offer government funding and tax credits. However, availability of these resources varies depending on specific project details. To fill this gap in financing options for multifamily properties, alternative sources such as debt funds and life companies are stepping up to provide capital.
In today’s market climate where sub-5% caps are no longer feasible for most deals, underwriting criteria play a crucial role in determining loan viability. Factors such as base rates impact on value and implied leverage during loan term are closely monitored by lenders like Evan’s team at Alliance Bernstein. Other considerations include concessions offered by landlords which can affect true market rents; expense growth & margin pressure due to rising insurance costs; among other variables that contribute to lower transaction volume compared to previous years.
When it comes specifically to value-add opportunities within Southeastern markets like Florida or Georgia versus Northeastern regions like New York or Massachusetts – there is still significant potential for lending activity across all these areas according to Evan’s observations based on population & job inflows data analysis alone does not fully capture demand-supply dynamics driving real estate investment decisions nowadays . Recent examples include build-to-rent developments driven by home builders shifting from individual sales towards bulk rental product offerings which have proven more successful given current conditions.
Don’t miss out on valuable insights from industry leaders shaping multifamily community development strategies across Florida , Southeast US states , Mid-Atlantic region & Gulf Coast! Register now for Connect Apartments 2023 taking place November 29th in Key Biscayne FL . Click here now!
