Here’s something not enough people are talking about: $162 billion in multifamily loans come due in 2026 — over 50% more than last year. Much of that debt was locked in back in 2021-2022, when rates were dirt cheap. Now those owners have to refinance at today’s rates, and not everyone will be able to. Not great news for stressed owners — but for disciplined buyers, it’s an opening.
Pair that with this: new apartment construction is on pace for its slowest year in over a decade. Fewer new units means less competition for existing properties, and renters aren’t going anywhere — home affordability is still stretched thin, so demand for rentals stays strong.
And rates? They’ve actually found a floor. After several cuts, borrowing costs have settled into a more predictable range, with agency debt available in the low-5%s. Lenders are back at the table. Underwriting a deal doesn’t feel like guessing anymore.
Supply is thinning. Demand is holding. Debt is more predictable. And a wave of properties is about to change hands, whether their owners are ready or not.
That’s the kind of setup that doesn’t come around often — and it’s exactly why Dhunna Capital stays close to the deals, does the deep due diligence, and moves when the fundamentals line up. Because how it works is simple: you invest, we buy, we collect, you get paid — monthly.
If you’ve been waiting for the right moment to look at multifamily again, this is worth a conversation.
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