Welcome to February’s edition of the MONTICELLOAM, LLC Multifamily Financing Update! In this edition, we highlight our 2024 financing volume, dive into surging absorption year over-year, and recap the biggest conferences in multifamily.
MonticelloAM Finances Over $2.19B for Multifamily and Seniors Housing in 2024
In 2024, we proudly financed $2.19 billion in transactions, supporting multifamily and seniors housing clients nationwide.
Our commitment to creative financing solutions continues to empower stakeholders, fuel growth, and bolster communities. As we look to the future, we remain committed to delivering innovative financial strategies that support our clients and lead them down the path towards success.
Hear from Alan Litt, MONTICELLOAM Co-Founder, on the firm’s exciting year here.
Multifamily News and Insights
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Apartment Occupancy Trending Closer to Historical Benchmarks | RealPage |
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Multifamily Originations Projected to Reach $419B in 2026 | GlobeSt. |
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Looming Wave of Multifamily Maturities in 2025 | MBA |
Multifamily Driven by Surging Absorption
“Demand for apartments remains strong, with absorption surging for the third consecutive year. According to Yardi Matrix’s Multifamily Outlook, 400,000 units were absorbed nationwide last year—a welcome sign in addressing oversupply concerns.”
Experts predict a shift from a renter’s market toward a landlord’s market in the coming years, with asking rents and occupancy rates trending up while new construction remains stagnant.
Event Recaps: NMHC + MBA CREF
NMHC Annual Meeting
At NMHC 2025, optimism grew as uncertainty faded, but deal flow remains slow. Multifamily fundamentals are strong, and capital markets are improving, yet a major surge isn’t expected.
Eric Baum, head of the MONTICELLOAM Multifamily Bridge Lending team said, “We were excited to attend the 2025 NMHC conference, which had a very positive atmosphere and strong attendance. Our key takeaway from the conference is that there is plenty of both debt and equity capital in the multifamily market looking for deals, but fundamentally sound deals are still hard to come by. The prevailing hope is that, over time, this challenge will ease, and creditworthy transactions will begin to emerge as 2025 progresses.”
MBA CREF
Reflecting on MBA CREF 2025, Eric Baum shared, “While attendance didn’t seem as high as at NMHC, we had valuable meetings with several clients throughout the conference. Compared to the last two years, this year’s event had a noticeably more optimistic tone. However, a recurring theme was the challenge of too much capital chasing too few deals. Discussions also centered on when overbuilt markets might reach equilibrium and the trajectory of interest rates in 2025.”