Multifamily Sales and Debt Originations to Stay on Track

Vineyard Springs was built in 2000 and has a total of 364 units.

HOUSTON—Rents are still rising and stable, cap-rate spreads are healthy and the markets continue to grow. Even with the recent rise in interest rates, strong demand remains for the multifamily asset type, Vic Clark, senior managing director and national production leader at Hunt Mortgage Group, recently told GlobeSt.com in an exclusive. He predicted sales and debt originations in multifamily will continue to be strong throughout 2017 and for the next couple of years.

That prediction is coming to fruition, at least in one way, through recent Fannie Mae loans totaling $62.595 million for the acquisition of three multifamily properties. The properties are located in Farmers Branch (Las Colinas) and San Antonio, and the refinance of a multifamily property located in Houston, all for the same sponsor–Charlie Yalamanchili and Ilan Investments LLC, facilitated by Hunt Mortgage Group.