Capital Markets Aren’t Slowing for Multifamily

Paul Rahimian: “Even if we hit correction, people still need a place to live, and they are going to live in a multifamily apartment as opposed to a new house.”

LOS ANGELES—Despite the national debate about an economic slowdown and a possible recession on the horizon, the capital markets remain bullish on the multifamily sector, according to Paul Rahimian, CEO at Parkview Financial. His firm continues to do a tremendous volume of construction loans on multifamily developments, and he doesn’t see the market slowing down any time soon.

“We definitely aren’t seeing a slowdown right now,” Rahimian tells GlobeSt.com. “We are seeing a lot of activity in the multifamily sector, and we expect that to continue through 2016. When you read the reports and look at the research, there is still a strong demand for multifamily, especially in Southern California, and the supply hasn’t been there. In the past seven or eight years, construction hasn’t been keeping up with demand.”