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Nontraditional Lenders Gain Multifamily Market Share

“Multifamily housing is leading commercial real estate’s recovery with strong rent growth, rising values and high occupancies, which is enticing non-traditional funding sources—especially life insurance companies—to attempt to gain market share. James Tramuto, the Houston, Texas-based executive vice president of Jones Lang LaSalle’s capital markets group, real estate investment banking, notes that major life insurance companies—including MetLife, Northwestern Mutual, Teachers, and Alliance—have been a big component of multifamily finance this year….” Full article…