Lenders' Insatiable Appetite for Commercial Real Estate
Apartment Loans by Fannie Mae, Freddie Mac Creating Bubble, Chandan Finds | by Oshrat Carmiel
Bloomberg writes | Low-cost financing backed by the US government is inflating the values of apartment buildings and threatening to create a bubble, according to a report by Chandan Economics. Multifamily loans issued by government-sponsored agencies Fannie Mae and Freddie Mac are buoying the price of apartment buildings to the point that buyers may not be able to refinance once interest rates rise.
Read Bloomberg's coverage of Chandan's apartment finance report at bloomberg.com.