Fannie Mae and Freddie Mac lenders are fighting hard to compete with banks to make loans on apartment properties.
“We absolutely see the competition from banks continuing and heating up,” says Hilary Provinse, Fannie Mae’s vice president for multifamily customer engagement.
Banks are willing to make permanent loans to apartment properties at rock bottom interest rates.
To compete, Fannie Mae and Freddie Mac lenders are offering the lo
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