Feb 3, 2010 10:23 AM, By Matt Valley
LAS VEGAS — What’s the biggest worry among multifamily lenders in 2010 and 2011? The usual suspects, jobs and interest rates, rank high on the list. But for Kenneth Bacon, executive vice president of Fannie Mae, the sharp drop in real estate valuations from peak levels just a few short years ago is most troubling.
Although determining value remains a difficult task because there have been relatively few transactions, the Moodys/REAL Commercial Property Price Index numbers show a 40% drop for multifamily properties from the market peak to the third quarter of 2009. Read More Here
About Me
- Chris Stuard - Sperry Van Ness/Martin Commercial Group
- Chris serves as an Investment Advisor specializing is apartment and retail investments with Sperry Van Ness/Martin Commercial Group. As an member of the NAIFA, he was the NAIFA Greater Evansville Chapter President in 2004 and 2005. Chris retains the NAIFA’s senior designation, the IFAS. Chris holds a real estate license in the State of Indiana and Kentucky and is a member of the Indiana Commercial Board of Realtors. He is also a member of the National Association of REALTORS, Indiana Association of REALTORS, is an Indiana Certified General Appraiser, holds a HERS certification, is a certified Level I and Level II Indiana Assessor/Appraiser and is a certified Indiana Tax Representative.