|Multifamily lending has been dominating Johnson Capital’s loan originations. Especially in Denver where apartments are hot. We chatted with Johnson Capital’s VP Kristian Lichtenfels,
who has been helping many developers refi and cash out on multifamily
projects with Fannie Mae and Freddie Mac money. Most recently Kristian
rounded up nearly $2M in financing for a 23-unit rehab project in Denver. He says part of the apartment boom is simply catching up to Denver renter demand: For the past 30 years, average demand has been for 5,000 units/year. Supply has nowhere been near that.