X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Vineyard Springs Vineyard Springs was built in 2000 and has a total of 364 units.

HOUSTON—Rents are still rising and stable, cap-rate spreads are healthy and the markets continue to grow. Even with the recent rise in interest rates, strong demand remains for the multifamily asset type, Vic Clark, senior managing director and national production leader at Hunt Mortgage Group, recently told GlobeSt.com in an exclusive. He predicted sales and debt originations in multifamily will continue to be strong throughout 2017 and for the next couple of years.

That prediction is coming to fruition, at least in one way, through recent Fannie Mae loans totaling $62.595 million for the acquisition of three multifamily properties. The properties are located in Farmers Branch (Las Colinas) and San Antonio, and the refinance of a multifamily property located in Houston, all for the same sponsor–Charlie Yalamanchili and Ilan Investments LLC, facilitated by Hunt Mortgage Group.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.