Financing Multifamily Rental Housing: The Changing Role of ...

4 percent of outstanding multifamily mortgage loans in the early 1980s but dropped to 0.5 percent by 1990. Historically, multifamily developers have relied heavily on commer-cial banks and thrifts for AD&C loans (see fig. 3). In 1990, 50 per-cent of outstanding multifamily AD&C loans were held by commercial banks; thrifts held 32 percent. Figure 2. ................
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