Low delinquency of Rents make multifamily lending available.
Good news multifamily rents are still coming in. According to The National Multifamily Housing, council rents have been collected for may at a rate of 87.3%. Apartments that are considered class C have a higher rate of Delinquencies when compared to class A and B multifamily projects. This could be due to the large portion of Americans living paycheck to paycheck.
Locally in the Portland Metro region, multifamily delinquency rates are low at approximately 10.9%. My conversations with owners show that the rate may even be lower.
Multifamily lending in Portland in the Metro region is still readily available. The best rates can be had with low LTV Loans.