Apartment consumers need work harder to obtain finance

Before this year’s volatility regarding the resource areas, Playa Vista, California-situated apartment manager DB Money President Brennen Degner had their find from lenders for both link and you may long lasting investment.

We could possibly go out toward sector and you may within per week otherwise 14 days, we had has actually between five and ten executable name sheet sets which were in-line otherwise before what we was underwriting as there was just so much consult, Degner told Multifamily Diving.