Axonic in GlobalCapital: Investors Eye Opportunities in Multifamily as Maturities Loom

Jul 25, 2023 | In the News

Axonic Capital was prominently quoted in a recent article published by GlobalCapital. The article explores multifamily opportunities as maturing loans face challenges due to high interest rates and falling rents.

Matthew Weinstein, Partner and Head of Credit at Axonic Capital, highlighted the strength of the multifamily sector, stating, “There is still a lot of uncertainty around how retail and office will perform in the long term, but multifamily fundamentals are much stronger.” He further added, “When the Fed cuts and rates move lower, this will be quite supportive for multifamily valuations.”

The GlobalCapital article also discusses the looming wall of maturities in the multifamily sector and the opportunities it presents for investors seeking to enter this coveted asset class. As borrowers grapple with refinancing difficulties, alternative lenders are stepping in to rebalance the capital stack through mezzanine lending, preferred equity, or sponsor equity.

Read the full article here.

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