Alex Rodriguez (A-Rod), Baseball Legend, Businessman, & Philanthropist
The Walker Webcast
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The Tension of the Multifamily Market
In February, when the 10-year went down to about $350, cap rates hadn't really adjusted that much. But we still saw people from a re-fi standpoint at a $350 treasury who wanted to go do an agency loan and multifamily in the low fives. And then all of a sudden before SBB and Signature went under, the 10- year as you may recall, floated up. It got down to 335 two weeks ago. So exactly to your point, what I would call it is a tenuous market. We're 200 to 300 basis points inside of any other commercial real estate asset class on cap rates and on financing costs. That's a massive tailwind
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