From September 2021 to September 2022, the number of built-to-rent homes delivered in the U.S. increased by 42%, as reported by the National Association of Home Builders. Additionally, the Urban Land Institute and the National Multifamily Housing Council Research Foundation highlight the growing trend of converting commercial buildings into multifamily housing in various markets. Other relevant statistics include:
A Roof-stock study shows that around 10.6 million Americans generate income from over 17 million rental properties. CoreLogic indicates that real estate investors accounted for 27% of single-family home purchases in the first quarter of 2023, with a majority of transactions coming from small and medium-sized investors.
- Expand our client base to include investors or enhance your offerings for existing investor clients.
- Steer clear of typical issues associated with traditional loans, like warrantable condo definitions and restrictions on the number of investment properties.
- Offer equity to borrowers through DSCR-based cash-out choices.
- Ensure fast closings for clients facing time-sensitive situations.
The U.S. Census Bureau estimates that 81,000 single-family rentals were initiated last year, making up at least 8% of all new construction. The demand for apartment living remains strong, particularly in urban core neighborhoods. Atlanta led the nation in adding over 21,000 apartment units from 2013 to 2022, with cities like Los Angeles, Houston, Charlotte, and Miami following closely behind, according to Storage-Cafe.