Multifamily loans set to grow in 2025 despite challenges

“The Federal Housing Finance Agency, which has federal oversight over Freddie Mac as well as Fannie Mae, first signaled an improved multifamily capital markets outlook in November. As a result, the FHFA increased its multifamily loan purchase caps to $73 billion for both Freddie and Fannie in 2025, up roughly 4% from 2024. The larger caps indicate the FHFA expects 2025 to bring stronger multifamily financing activity.“