The Multifamily Capital Pulse

Unveiling the Market's Secrets from Behind the Scenes

September 25, 2025

 

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“Commercial and multifamily mortgage debt outstanding increased modestly in this year’s second quarter. Every major capital source added to its holdings, but growth varied, with life insurance companies increasing their holdings by 2.4% and banks by 0.9%.”

- Reggie Booker, Associate VP of Commercial Research at MBA

Recent Multifamily Sales (Click to view details)

Recent Multifamily Loans (Click to view details)

Question:

What is the "cash-on-cash return" metric in multifamily investing?

Answer:

Cash-on-cash return is a metric used in multifamily investing to measure the annual return an investor earns on the actual cash they invested. It is calculated by dividing the property’s annual pre-tax cash flow by the total cash invested. This helps investors see how efficiently their money is working for them compared to other investment options. Unlike overall return metrics, it focuses only on the cash portion, not on appreciation or loan paydown. In short, it tells an investor how much cash income they are receiving for every dollar of cash invested.

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Behind the Debt Yield Metric in Commercial Real Estate with John Barkidjija of Byline Bank

In this special episode of The TreppWire Podcast, we’re joined by John Barkidjija, EVP and Head of CRE & Specialty Finance at Byline Bank—known as 'Dr. Debt Yield.' John shares why debt yield remains vital in CRE, lessons from the GFC, and how his legal background shapes problem-solving. We also cover market uncertainty, regulatory shifts, delinquency trends, and his outlook on interest rates. Tune in now!

Quiz of The Week

What is "market rent"?

a. The lowest rent a landlord is willing to accept

b. The average rent for comparable properties in a specific area

c. The maximum rent allowed by local regulations

ɐǝɹɐ ɔᴉⅎᴉɔǝds ɐ uᴉ sǝᴉʇɹǝdoɹd ǝʅqɐɹɐdɯoɔ ɹoⅎ ʇuǝɹ ǝƃɐɹǝʌɐ ǝɥꓕ .q

Random Tip of the Week

🔄 Evaluate Exit Strategies Continuously - Always have a clear understanding of potential exit strategies for each asset – whether it's a refinance, sale, or hold – and adapt them based on market conditions.

Current Rates (Weekly Update)

10-Year Treasury - 4.11% (⬆️.07%)

Fed Funds Rate - 4.09% (⬇️.24%)

1-Month Term SOFR - 4.15% (⬆️.06%)

About Nuvo Capital Partners

Nuvo Capital Partners is a niche market-focused multifamily investment platform operating throughout the Southeastern United States. As a dedicated sponsor (General Partner), we specialize in institutional quality real estate investments within these regions. Our team comprises industry professionals with 25+ years of combined experience, ensuring expertise and market knowledge. We pride ourselves on offering a transparent investment process, providing our investors with access to high-quality real estate opportunities while upholding integrity throughout.

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