First Street Apartments First Street Apartments

ATLANTA—In 2016 the greatest share of multifamily property originated loans, approximately $105 billion or 39% of total dollar volume, went to Fannie Mae and Freddie Mac. That’s according to the Mortgage Bankers Association.

“We expect this marketplace momentum to continue through 2017 and for several years ahead,” Ed Hussey, head of Multifamily Production for Pillar Financial, a division of SunTrust Bank, tells “Fortunately, both Freddie Mac and Fannie Mae are incentivized by their regulator to source capital to maintain and rehabilitate the existing stock of multifamily properties in the US to provide affordable rental housing for those making less than average Area Median Income.”

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Jennifer LeClaire


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