March 16, 2020
Apartment Owners Leap at an Opportunity to Refinance Loans

Long-term interest rates are lower than they have ever been—and owners of apartment properties are rushing to take advantage...

Apartment Owners Leap at an Opportunity to Refinance Loans

With coronavirus concerns fueling interest rate cuts, multifamily borrowers are attempting to capitalize.

March 11, 2020 | Bendix Anderson | National Real Estate Investor

Long-term interest rates are lower than they have ever been—and owners of apartment properties are rushing to take advantage by refinancing into low-interest loans.

“There is a massive wave of interest in refinancing,” says Rick Salinas, director of JLL’s San Francisco office. “These are essentially some of the lowest interest rates on record.”

Worries about the rapidly-spreading coronavirus (COVID 19) are contorting the financial markets, driving down interest rates. The panic is creating a huge opportunity for the owners of apartment properties to refinance the loans on their properties.

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