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Berkadia Poll Points to Ongoing Momentum

At this week’s NMHC Annual Meeting, Berkadia’s Ernie Katai heard repeatedly that “there is just a need to continue to get capital out,” he tells GlobeSt.com.

Photo of Ernie Katai Everyone seems to view the newly enacted tax overhaul as “a relatively positive step,” says Katai.

SOUTHFIELD, MI—Continued momentum from 2017 is the expectation for 2018, according to Berkadia’s inaugural Powerhouse Poll of its investment sales brokers and mortgage bankers. Accordingly, the poll numbers suggest more of the same in a number of areas, with 74% of mortgage bankers expecting no letup in multifamily lending, while 90% expect that the GSEs will see the most action as investors look to finance their purchases.

Underscoring these expectations, says Berkadia’s Ernie Katai, is “the capital that continues to play in the market. And it’s not just the agencies and the debt funds, but also the private capital that needs to be placed.”

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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