Soundview is working with a national lender offering a compelling multifamily loan program with no prepayment penalty that includes the following:

• Loan amount up to 70% LTV and 1.20x DSCR (with recourse, even partial recourse) or 1.3x DSCR (non-recourse)
• 10-year fixed-rate term at an interest rate of 3.375%
• 30-year amortization with 1-2 years of interest-only payments possible
• Typically no reserves or escrows (for taxes, insurance, or replacement reserves)
• They can underwrite some amount of future projected income (i.e. they don't need full stabilization prior to quoting or closing)
• One of the easiest closing processes in the industry

Due to the coronavirus pandemic, 88% of the world's organizations encouraged or mandated remote work. This changed more than just where employees were completing their work.

It changed how we think about office spaces, team communications, and physical spaces from the family home to the corporate boardroom.

Here are some of the ways WFH is impacting the future of real estate:

1. People may become less tethered to more expensive work centers.
2. Workers may be willing to live farther from downtown.
3. Demand for specific housing features will change.
4. Real estate industry practices will trend in favor of remote solutions.
5. Remote rental management will rise.

To learn more about these and other shifts in the future of real estate caused by remote work, click the link below.

In this opinion piece written by Mark Ventre, a senior VP at Stepp Commercial, talks about how blockchain will transform multifamily investments.

"Due to its decentralized record-keeping technology known as a distributed ledger," Ventre says, "transactions made on the blockchain are secure, encrypted, and very difficult to manipulate or hack into."

Like many other facets of existing industries, currency and multifamily financial planning will also likely follow this trend.

Click the link below to read the full article from Multi-Housing News.