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Lender appetite for multifamily deals has not waned. In fact, lenders remain fiercely competitive on multifamily product, and that includes construction financing opportunities, particularly for experienced developers and sponsors. Consumer demand is fueling the market activity along with new loan products, like green financing, for multifamily.

“Lenders continue to be very interested in multifamily projects, as consumer demand and rents remain strong in many markets,” Jennifer Bojorquez, a partner at Troutman Sanders, tells GlobeSt.com. “The appetite for permanent financing on multifamily projects remains strong, and lenders continue to experience a lot of competition for these deals.  The deal flow for construction financing also remains steady, and we’re continuing to see a number of new deals, albeit with experienced multifamily developers.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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