Richmond, VA (PressExposure) February 03, 2009 -- Commercial Finance Advisors, Inc is proud to announce the addition of Ryan Crush to its firm. Mr. Crush will open a new office in Richmond Virginia and be in charge of apartment financing for the company nationwide. He brings experience, integrity and knowledge of the multifamily sector.
"We are excited about the addition to the company. We've known Mr. Crush for some time and are confident about his ability to service our multifamily cliental." Comments Jeff Rauth, President. "Despite the credit crisis we are working hard and continue to grow the firm."
Interestingly, apartment financing has been more stable than even what a lot of people predicted at the beginning of the credit crisis. Though conventional financing for apartments has taken it more "on the chin" than government back programs such as Fannie Mae or Freddie Mac, it still hanging in there and compared to owner occupied commercial loans is doing well.
The main reason why is that investors, the institutions that buy apartment loans on the secondary market, are still around where as in other sectors, they're gone completely. In addition, through the government sponsored programs mentioned above, they give a tremendous amount of reassurance to the banks and lenders that fund these deals. The lenders know they can sell the debt off, make their spread, and continue on to the next deal. This unfortunately is not the case for many sectors of the industry.