Why it matters
Multifamily property owners refinancing loans could face higher borrowing costs. The supplied report does not establish how broadly this may affect rents, property values or housing availability.
HOUSING & REAL ESTATE • UNITED STATES
Multifamily borrowers face higher costs refinancing maturing loans
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BLUF
Newmark reported that the average interest rate on multifamily loans maturing in the third quarter of 2026 was 4.04%, compared with 5.69% for new loans. Connect CRE described the resulting increase in interest costs as 41%.
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