Total debt market is $2.5 trillion
Of that, $875B is placed on multifamily
Of that, $388B was originated by Fannie, Freddie, and HUD.
"Those are big numbers," John says. Agencies going away? "I don't think that's going to happen." Instead, John says he expects Congress to make structural changes to agency lending, ones that will likely increase spreads. (Congress making anything happen seems like a risky bet at the moment.)
Walker & Dunlop SVP Frank Baldasare (shown in our camera's best Georges Seurat impression) says there was a 10% reduction in Fannie and Freddie allocations in 2013, to $56B. As for 2014, Frank says his Magic 8 Ball indicates the answer is hazy. "We don't know what they're going to do in 2014," he says. "But we don't see any changes any time soon."We snapped a gaggle from our sponsor ZRS Management. The firm, which specializes in multifamily property management, was recently awarded the management contract for Spalding Crossing, a 252-unit apartment complex in Central Perimeter.)
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