Evelyn Jozsa

The region recorded around $5 billion in multifamily sales during the first half of 2022, despite the increasing cost of capital.

Solid market fundamentals bolstered by positive demographic and employment trends will continue to drive investment in the metro.

The financing package includes $262 million in debt and $40 million in equity secured through Freddie Mac and an institutional investor.

The robust job market and positive demographic trends are making Austin an attractive market for multifamily players.

Between January and April, around 55% of the assets traded in the metro were Class A buildings.

The new initiative plans to enhance the State and Local Fiscal Recovery Funds by providing flexible financing options and expanding presumptively eligible uses.

A bridge-to-HUD loan allows borrowers to purchase a multifamily property quickly and later transition into long-term HUD-insured financing.