RK#458 Why multifamily owners are struggling to refinance

Send us Fan Mail Why many multifamily owners are struggling to refinance as a major 2026 loan maturity wall collides with higher rates and weaker fundamentals. About $160 billion in multifamily loans mature in 2026, many originated in 2021–2022 at 3%–4.5% with optimistic rent growth assumptions, while the Fed is now at roughly 3.75%–4% and permanent debt is more expensive. Refinancing is being constrained by higher lender requirements for debt yield and DSCR amid slower rent growth, lower app...