Investor-driven lenders are continuing to be aggressive in a period of rising interest rates, helping multifamily investors top off their capital stacks.
Lenders tend to be cautious on such projects and most investors might be looking for returns that are higher than office building prices right now would support.
Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.
As interest rates continue to rise and economic forecasts remain murky, what are commercial real estate investors doing to raise capital and reach their desired returns?
