This week Freddie Mac announced the top ten lenders who transacted the most multifamily financing volume with the company in 2016. Through these and other lenders, Freddie Mac Multifamily settled a record $56.8 billion in new multifamily volume last year, financing more than 738,000 rental units.
"We are very proud of the extraordinary efforts by our lender network to provide America's apartment financing in 2016," said John Cannon, senior vice president of Freddie Mac Multifamily Production and Sales. "It is a privilege to work every day with our industry's best originators, underwriters, asset managers and closing counsel. Their role in the market will be especially critical this year to meeting our country's rising demand for properties with affordable rents."
According to CommercialCafe -- a nationwide commercial real estate search website -- investment in the New York City office market dipped in 2016, as the total office sales volume in amounted to $21.1 billion.
Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.
According to the newly released Last Mile / City Logistics Report from CBRE, the rapid rise of e-commerce has driven the most disruptive movement to the industrial & logistics industry, transforming the way we think about industrial real estate.