Creative Capital Structures: When Hope Notes & Recaps Make the Difference
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Creative Capital Structures: When Hope Notes and Recaps Make the Difference

In today’s multifamily market, the old playbook no longer works on its own. Elevated interest rates have reshaped the cost of capital, while slowing transaction volume has limited liquidity and exit opportunities. Over the past four years, the Federal Reserve’s aggressive rate hikes—the steepest cycle in decades—have created turbulence across the industry. Debt costs have…