Category: Multi-Family

In Q2 economic activity declined with the closing of non essential businesses and stay-at-home orders. By most indicators the Muti-family market had one of its worse performances in the last 10 years. Vacancy rates spiked across the board particularly in submarkets with a large amount of recent development or development in the pipeline. Apartment demand […]

During the Coronavirus, a vast number of Americans are struggling to keep up with their mortgage payments. As of July 5th, 8% or 4.1 Million mortgages are in forbearance. Meanwhile, half of American households have lost a portion of their income due to COVID. Lenders have been exploring ways to suspend or reduce mortgage payments […]

Angelenos unable to pay rent due to the COVID-19 pandemic can apply for a new temporary rent subsidy (7/13-7/17). The City Council and Los Angeles Housing + Community Investment Department (HCIDLA), with the support of Mayor Eric Garcetti, have allocated $103,000,000+ in the hope to assist 50,000+ households. The program is designed to provide relief […]

As the US, local, and state governments attempt to re-open the economy, the impact on commercial properties remains to be seen. The reality is temporary relief or loan restructuring alone will not save all properties. According to the Mortgage Brokers Association under 40% of commercial property, loans are from banks. The majority of loans are in […]