Commercial Lending

Multifamily Market Holds Up So Far During COVID-19

The multifamily space is still performing despite renters’ lost income due to the coronavirus. So reports GlobeSt.com.

According to the National Multifamily Housing Council, 84% of apartment households made at least a partial rent payment by April 12, compared with 69% by April 5.

Richard Green, director of the USC Lusk Center for Real Estate, is quoted as saying, “If you look at rent collections on multifamily, it’s not as bad as people thought it would look in April.”

Read the full article from GlobeSt.com.

Related Content

Billionaire Restaurateur Warns of Commercial Real Estate Bust

LendingHome Says Its Loans Are Beating ‘Doom and Gloom’

Threat of Defaults Hang Over Commercial Real Estate Biz

click me