Pamela LeVault, Senior Vice President of Agency Production at Greystone, shared insights into the current multifamily debt market. She highlighted that many borrowers are sitting on the sidelines, waiting to see if interest rates will stabilize or decrease. Due to this cautious approach, the majority of Greystone's activity has been focused on refinancing loans that are maturing, while acquisition activity has been notably slow.
Pamela notes that borrowers are interested in short-term loan options, shorter-term prepayment periods, and interest rate buydowns. Greystone is actively working with borrowers to find creative solutions, including being prepared for early rate-lock options once interest rates dip. This flexibility is aimed at helping borrowers navigate the high-interest environment and prepare for better financing conditions in the future.
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