Multifamily finance is tighter than it was six months — even three months — ago. We spoke about the state of multifamily finance with Gantry principal George Mitsanas, whose firm recently structured and secured $325M for development of a 41-story mixed-use multifamily and hotel tower Belltown. The yet-to-be-named property was formerly known as Potala Tower.
Bisnow: Is the market beginning to tighten access to multifamily development financing?
Mitsansas: The capital flow to multifamily is definitely slowing down and lenders are becoming more selective on the projects they work with. The investment goals of the capital stack will play a more significant role in securing financing.
Read more of the interview at: Bisnow