Investors are rushing to buy apartment properties—with a lot of help from lenders willing to finance their deals.
Freddie Mac and Fannie Mae lenders remain eager to lend money to investors buying properties—at historically low interest rates.
“There is an enormous amount of capital,” says John Sebree, senior vice president and national director of Marcus & Millichap’s Multi Housing Division, working in the firm’s Chicago office. “We are back to 20 offers [for apartment properties offered for sale]… That is similar to where we were a year ago.”