We all know that the multi-family market remains hot. But here’s more proof: Freddie Mac announced today that it enjoyed a record year with this segment in 2012, closing $28.8 billion in multi-family volume.
That, by the way, is an impressive increase of 42 percent when compared to the $20.3 billion in multi-family business that Freddie Mac conducted in 2011. The previous best year for Freddie Mac in this sector came in 2008, when it closed $20.3 billion in multi-family volume.
In a written statement, David Brickman, senior vice president of Freddie Mac Multifamily, said, “It was a phenomenal year for us and the sellers and servicers in our network. “Multi-family is a profitable business line for Freddie Mac and has produced nearly $4 billion in segment earnings since 2010.”
