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š Home Renovation Loans Are Outpacing Credit Ratings
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š Data Point
Home Renovation Loans Are Outpacing Credit Ratings
A growing number of U.S. homeowners and investors are turning to renovation loans to upgrade aging propertiesāincluding multifamily units. However, rating agencies are slow to adjust their models to reflect the lower risks of these upgrades, especially when the renovations lead to energy savings or higher occupancy. This lag can misprice credit risk and affect deal flow in the secondary market.
š§ Market Watch
Pacific Palisades Multifamily Site Hits Market
A 75-unit development opportunity has been listed in the Pacific Palisades area of Los Angeles. Known for its high property values and strict zoning, the area rarely sees large-scale multifamily offerings. Developers see this as a chance to meet demand for upscale rentals near the coast.
š§¾ Rule of the Day
Rent Concession
A rent concession is a temporary discount or benefit offered to attract tenantsāsuch as a free monthās rent, waived fees, or reduced deposit. It's often used in soft markets or for lease-ups in new developments.
š± Green Build
LEED v5 Aims to Tighten Standards Across Multifamily Sector
The U.S. Green Building Council has launched LEED Version 5. The update sharpens its focus on decarbonization, health, resilience, and equity. Multifamily developers seeking certification under v5 will need to meet stricter energy, emissions, and material guidelines, especially for larger buildings. Know more.
š Deal Radar
Reno, NV Built in 2021, this property has 267 units and is located near University of Nevada, Reno. This student housing community can accomodate 762 beds, providing stable revenue. | Peoria, IL Consisting of 1 and 2-bedorom properties and multiple floor plans, this is an attractive investment suitable for different renters. It stunning views of the woods is an added attraction. | Monroe, WA This property was fully renovated in 2023-24 and consists of large two and three bedroom units. itās location in a high-demand community make it an appealing investment. |
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