Chase Commercial Term Lending area manager Matt Felsot says that Northern California’s occupancy rate is as strong as its 25,000 new positions in the area, and three million college grads statewide are looking to join the housing market. The result: double-digit rent growth in San Francisco. High ownership costs, combined with the rent control nature of the market, makes S.F. multifamily a very healthy asset class for Chase. Recent rent growth has also traveled to the East Bay, where Matt sees transit-oriented housing’s good performance and the gentrification of Mission and Hayes Valley. With Chase’s competitive rates and a fast, efficient loan process, clients see closings in as few as 40 days. They’ll save even more on five-plus unit apartment loan refinances with its exclusive “5 For Free" program with no fees for escrow, appraisal, legal, title, and recording. For more info on our sponsor, click here.
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