SAN DIEGO—From a recovering economy reducingthe need for doubling up to highsingle-family-housing prices and youngseniors entering the apartmentmarket, multifamily is still one of the strongestsectors in real estate, Gerson Law Firm'sprincipal Gordon Gerson tells GlobeSt.com. Wespoke with Gerson exclusively to get his take on the multifamilylending market for the foreseeable future.
GlobeSt.com: Why is the multifamily lending marketso hot?
Gerson: In 2015, the multifamilylending market saw record-setting volume. While the final figuresare not yet available, the total financings may top $240 billion.The east and west coasts have especially been hotbeds for themultifamily market.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
