This Wednesday, Janover Ventures’ Camilo Padron closed a $1.4 million Fannie Mae Small Loan for Pheasant Run Townhomes, an 18-unit apartment property in State College, Pennsylvania.

HUD enacted the Rental Assistance Demonstration (RAD) program in 2012 to increase the amount of deeply affordable Section 8 properties in the United States. In the last year, Freddie Mac has taken an increased interest in providing financing for RAD projects.

On August 2nd, 2019, Arbor released its Q2 2019 Small Balance Multifamily Lending Report, which analyzes a variety of trends regarding small-balance multifamily financing and investing throughout the United States.

On August 19th, Newmark Knight Frank released its 2Q 2019 Multifamily Capital Markets Report, showing a strong market, with particular growth in the Sunbelt.

On August 7th, 2019, Freddie Mac released its Multifamily 2019 Midyear Outlook, a report that analyzes the multifamily industry’s recent performance and provides a general forecast of where the sector is expected to go in the coming months.

A new report published by Newmark Knight Frank, titled “The Grocery Store Effect” delves deep into the impact that a nearby grocery store opening can have on the desirability and rent prices of multifamily real estate.

On July 31st, the Federal Reserve lowered interest rates by 0.25% to 2.25%, the first interest rate cut since 2008. And, on August 6th, Freddie Mac Multifamily announced that it was increasing rates and adding additional restrictions for its Small Balance Loan (SBL) program.