Sep. 23 at 8:27 PM
$ABR Multifamily Refi Deals Struggle Without Fresh Equity - CRE Daily https://share.google/BQz4cNhl8s5DvrlBf
"Refinance pressure is especially visible where rents have not met underwriting assumptions and vacancy has increased. Cushman & Wakefield put second-quarter multifamily vacancy at 15.7% in San Antonio, 12.7% in Austin, and 11.6% in Phoenix."
Phew, good thing ABRs excellent management team avoided over concentration in these markets......😯