| The state of the economy? Panicky in many instances. But Red Mortgage Capital director Lee McNeer says most investors are suffering tunnel vision (read: it's not all bad). In general, the stock and bond markets have been volatile, but rates for agency financing are still the same: 4.5% for seven years and 5% for 10 years. This is good news for the multifamily markets. As usual, the CMBS markets got a little spooked and financing is at about 6%. But agency lenders show no signs of withdrawal. How could you be so optimistic, Lee? Isn?t the world going to end? Not really, after all Lee is having too much fun running after his triplet three-year-old boys (helpful arrow above), and one-year-old daughter. Now that's perspective. Learn more about Red Capital Group here. |
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Lee McNeer
, RED Capital Group
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