Multi-Housing News recently announced the $41.5 million loan for our 122-unit Mariposa on 3rd in Los Angeles. The floating-rate financing has an initial three-year term and the possibility to extend the maturity date with two more years. To read more about the announcement, please visit here
The real estate market is currently facing a period of uncertainty due to the economic impacts of the COVID-19 pandemic. Investors are worried about the potential for a prolonged recession, which could lead to a decrease in property values and a decrease in rental income. The uncertainty surrounding the future of the economy has caused investors to become more cautious about investing in real estate.
Aaron Cohen was interviewed by Multi-Housing News on how supply delays and inflation are slowing apartment renovations.