Insights

Will my interest rate increase when LIBOR transitions to SOFR?

Maybe.  Depending on the fallback language in the documents, current market conditions at the time of transition, and the lender’s methodology, the fallback index may be higher or lower than the comparable LIBOR Index.  Additionally, the spread adjustment applied to SOFR may differ from lender to lender and from your loan and your hedge.

 

IApartments is an enterprise-level smart apartments platform that turns ordinary apartments into intelligent apartments.

IApartment’s technology automates asset protection, access control, and operational efficiencies for multifamily property owners, managers, and their residents.

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Rent Ready introduces a modern solution to an age-old apartment industry problem.

After a deep dive in the industry, Rent Ready discovered that the make ready process was disjointed, frustrating, and time-consuming. Onsite staff members were scheduling six different services with six different vendors – creating scheduling nightmares along with unexpected challenges and headaches. As a full-service partner for onsite apartment staff, Rent Ready handles the frustration between the move-out and move-in, as a single-source for all turn services: paint, clean, carpet, wall repair, punch, and counter/tub resurfacing.

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