CB Richard Ellis Tops $1B In Fannie Mae DUS Closings

Since becoming a Fannie Mae Delegated Underwriting and Servicing (DUS) lender in April 2008, CB Richard Ellis Group Inc. (CBRE) has closed more than $1 billion in DUS loans, the company says.

CBRE Multi-Family Capital, which provides a dedicated source of financing to the company's multi-housing network, financed more than $514 million in CBRE debt-placement transactions in 2008.

In 2009, the team has closed another $605 million year-to-date, despite the decline in investment sale and refinance activity experienced this year. Nearly 60% of the group's $1.1 billion in total production was generated in collaboration with CBRE's investment sales team financing the acquisition of properties.

The CBRE lending team closed Fannie Mae loans in 31 different markets, including several markets with fundamentals under pressure. The total portfolio represents over 30 unique sponsors.

SOURCE: CB Richard Ellis Group Inc.

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