With the nation's multi-housing market on the upswing, interim financing can be the bridge over troubled traditional-lending waters for experienced borrowers aiming to capitalize on opportunities to acquire or reposition multi-family properties.Despite data from REIS Inc. showing a year-to-year drop of 21 percent in the multifamily vacancy rate-from 6.6. percent to 5.2 percent between 2010 and 2011-loans for unstabilized multifamily properties remain hard to get from traditional lending sources and government-sponsored enterprises (GSEs), which are focused on stabilized properties.
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