“When one door closes, buy another one and open it yourself.” Anonymous

After a tough couple of years, there’s real, tangible good news worth sharing: financing is loosening up, and capital is moving again.

SOME EXAMPLES Fannie Mae and Freddie Mac increased their multifamily lending caps by roughly 20% for 2026, giving both agencies more room to underwrite acquisitions and refinances. More bank and non-bank lenders are stepping back into the space too, which means more competition for your business and, often, better terms.

That’s showing up in the numbers:

  • Southern California multifamily investment activity was up 35% in the first quarter compared to the same period last year
  • Mortgage rates are forecast to ease from roughly 6.6% toward 6.0% by some projections, which would meaningfully improve what buyers can afford and what refinances pencil out to
  • Vacancy across the region has stayed steady near 4.6%, with rents still edging upward even as new supply keeps coming online

FAR FROM PERFECT. None of this means we’re back to the easy-money years. But the direction matters: lenders are opening back up, buyers are returning to the table, and the paralysis of the last couple of years is starting to thaw.

If you’ve been sitting on a refinance or a purchase waiting for the climate to improve, this may be the moment worth a second look.

WHAT TO DO. It may be time to refinance your building and invest in an additional property that has a real upside. Whether it be building one or more ADU’s, or just cleaning up a unit, removing bad tenants and raising allowable rents to increase value. While most are concerned about interest rates, this may be an opportunity to create wealth.

“In prosperity, our friends know us; in adversity we know our friends.” John Churton Collins

How PRS Properties Can Help

Whether you’re thinking about selling, exchanging, or just curious what your building is worth, here’s what we can do for you:

  • Know your value. We’ll give you a current idea of what your building is worth, plus rent and sales com parables in your area, so you know what your units should be renting for.
  • Get ready for a sale. We’ll suggest easy, inexpensive changes that can raise your value, and look for issues an insurer or buyer might ask you to fix.
  • Explore your options. Exchange into a larger or smaller property, or move into something with less management, like a triple net or a DST.
  • Get trusted referrals. We can point you to lenders, contractors, and engineers so you can choose who you feel best with, and help pull together paperwork for a refinance.
  • Get the most at closing. If you sell with us, we’ll put together an aggressive, targeted, professional marketing campaign to bring you the most dollars.

Want to sell without listing? We’re currently buying “as-is” properties: low rents, deferred maintenance, even a problem tenant in place. We can offer a 7-day escrow and all cash at closing. We’ve also put together many off-market transactions over the years, including for 1031 investors who need to identify a replacement property before their 45-day window runs out.

We’ve been doing this for nearly 50 years, and we’re always available to chat. If you’re thinking of selling, or just curious about your property’s value, give us a call. No pressure.