Hello, and welcome to Los Angeles Multifamily. My name is Peter Ciriello and I am a broker and CCIM. I am here to answer your questions and serve your needs in real estate in Los Angeles. As an expert in multifamily real estate, I specialize in "A" and "B" Buildings in good locations (Downtown to the water, north of the 10 freeway to the mountains). Please feel free to call me toll free to help you acheive your investment goals.
"This is a great time to invest in multifamily, which is the crown jewel of commercial real estate right now. With the 10-year treasury reaching a new low, interest rates are sure to remain low for some time. We have three great factors demonstrating why it is a great time for multifamily investment and holding; 1) The trend across America is people moving towards renting instead of owning – the home loan has decreased, lenders have tighten regulations on who they will loan to, and the population is growing. 2) Very little new construction is being built and thousands of units are becoming obsolete every year. 3) Interest rates remain low and liquidity for lending is becoming more apparent with private equity moving into the market." - Peter Ciriello CCIM