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Many Small Real-Estate Investors Feel Pain of Higher Rates

Friday, May 26 2023
Commercial Lending
Written by  The Mortgage Leader

Thousands of real-estate syndicators across the United States have begun to struggle financially, holding properties they can no longer afford. So reports The Wall Street Journal.

dollar 5242033 640 600x398Entrepreneurs who pool money to buy large properties disclosed raising at least $115 billion from investors from 2020 to 2022, according to the newspaper’s review of SEC filings.

As interest rates have risen, along with inflation, syndicators with adjustable rate loans have been unable to keep up with the payments on properties they own, and some have gone into foreclosure.

Read the full article from The Wall Street Journal.

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