More Renters Equals Greater Rental Development Prospects

Looking for a profitable opportunity in the real estate market? Rent for apartments has risen over 15% in the past five years, leading to a high demand for housing. Developers are racing to meet this demand, with over 300,000 apartment projects in the works for release this year.

Millennials, with a median age of 32 and a significant share of renters, are opting for apartments over single-family homes. As a result, rental development for small to medium-sized rentals has seen a surge in demand. With a tight housing inventory and rising interest rates, time is of the essence in rental development. Alternative real estate financing, such as bridge loans or hard money loans, can provide a significant advantage in such situations.

This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. With over 30 years of experience in private money real estate loans, we offer personalized service and low rates and closing costs to our esteemed clients. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at to fill out an application form.