Multifamily financing requests slowing? Not this year

The multifamily market across the Midwest is still soaring. Last year, developers added more apartment units to Midwest markets than ever. It’s no surprise, then, that commercial lending pros are seeing a growing number of requests for financing for apartment acquisitions and new developments. Midwest Real Estate News recently spoke with veteran commercial lending expert Christy Lockridge, principal in the Chicago office of PGIM Real Estate Finance, who said that lending requests for apartment properties, and especially refinancing requests, continue to keep her office busy.

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Source: RE Journals