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How the Latest Rate Hike Impacts Multifamily

The highest interest rate increase in decades has the industry anticipating that investors will start changing course

Marcus Duley, chief investment officer of Walker & Dunlop Investment Partners, said he has already seen higher interest rates, in tandem with increased cost of debt capital, translate into lower loan proceeds due to “lender sizing constraints associated with minimum debt service coverage ratio requirements and higher underwritten exit test parameters.”

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