Multifamily Loans Well Positioned for Refinance, Sales

An estimated $113 billion in multifamily loans should mature over the next three calendar years.

By Lynn Pollack | July 27, 2021 at 06:00 AM

Buoyed by positive headwinds in the market, multifamily loans will be well-positioned for refinance and sale transactions this year. Predictions of either distress or disruption to the sector have failed to materialize this year, despite eviction bans and foreclosure moratoriums initiated early in the COVID-19 pandemic⁠—and experts from Trepp say they don’t foresee challenges for those multifamily loans over the next few years.

“Multifamily investment has historically been the path of least resistance and even despite the pandemic, finances remain above the underwritten values,” Trepp’s Scott Barrie writes in a recent analysis. “While circumstances may change, which means all bets are off, we do not foresee challenges to this cohort of loans when it comes to dispositions in the next several years. Risk-averse multifamily opportunities are there for the taking.”

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