http://www.bisnow.com/real-estate-bisnow-san-francisco/2012/11/06/fannie-freddie-still-rule/
"Three years ago there was no bank financing, but Opus Bank president-income property banking Dan Borland says banks came right back into the multifamily space because it’s a good bet. Pointing to long-standing sources Fannie and Freddie (which offer great taxpayer-subsidized rates) and the return of CMBS, he says “There’s room for everyone, and I think we’re all just expanding our pie.” That said, there are borrowers who want the flexibility to prepay a loan but still enjoy a fixed rate. Also, those with earn-out needs may find it hard to get that from Fannie or CMBS."
(excerpts from 2012 Bisnow SF Event October 30, 2012 - St. Regis Hotel, San Francisco)
