10/20/2011

A surge in demand for multifamily buildings of five units or more has prompted more than 2,500 lenders in that sector to provide $68.8 billion worth of mortgage financing, according to a Mortgage Bankers Association report. "The multifamily lending market grew 31% in 2010, with credit extended by a broad range of lenders to a broad range of properties," said Jamie Woodwell, MBA vice president of commercial and multifamily research. Meanwhile, a 340-unit multifamily project is moving ahead in Houston.

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