MBA: 40% Decline In Multifamily Borrowing In 2009
Last year, 2,725 different multifamily lenders provided a total of $52.5 billion in new financing for apartment buildings with five or more units,...
Northwestern Mutual Life Insurance Helps Refi Houston Office Buildings
The Northwestern Mutual Life Insurance Co. has provided joint venture TPG/CalSTRS with a $95 million first mortgage on two buildings in Houston. The...
InvestCap Advisors: CMBS Delinquency Rate Gained 16 Bps In September
The delinquency rate for commercial mortgage-backed securities (CMBS) rose 16 basis points to 9.03% from August to September, according to InvestCap Advisors, a...
Survey Respondents Signal Hope For CRE
Commercial real estate investors and professionals have lowered their performance expectations, anticipating high single-digit returns for 'core properties' and mid-teen returns for higher-risk...
California Hotel Foreclosure Activity Picks Up
Atlas Hospitality Group reports that 529 California hotels were in default or had been foreclosed by the end of the third quarter -...
House Republican Introduces Commercial Real Estate Bill
Concerned that federal regulators are pressuring community and regional banks to unnecessarily restrict their exposure to commercial real estate, Rep. Kevin Brady, R-Texas,...
Bloomberg: Deutsche Bank Marketing CMBS
The seeming revival of commercial mortgage-backed securities (CMBS) continues, with Bloomberg reporting that Deutsche Bank AG is marketing a $856.6 million package of...
Recession’s End Means Little For CMBS Delinquencies
Loans secured by properties in economically challenged states are defaulting at an elevated rate and driving commercial mortgage-backed security (CMBS) delinquencies higher, according...
Chase Issues $1.1B CMBS Deal
JPMorgan Chase & Co. has sold the seventh - and largest - issuance of commercial mortgage-backed securities (CMBS) this year, Bloomberg reports. The...
CMBS Loan Delinquencies Hit New High, But Rate Of Increase Slows
The delinquency rate for commercial mortgage-backed securities (CMBS) rose to a new high at the end of September, breaking 9% for the first...
NHC Urges Policy-Makers To Strengthen Multifamily Housing Finance
The National Housing Conference (NHC) has issued a policy statement underscoring the importance of the nation's multifamily housing finance system. According to the...
Fitch Talks Selectivity In Assigning Investment-Grade Ratings
Key property, operational and structural features are evaluated when assessing whether a commercial real estate loan can achieve an investment-grade rating in U.S....
Lennar Acquires $740M Of Distressed Assets
Lennar Corp. has completed the acquisitions of approximately $740 million of distressed real estate assets, in separate transactions, from three large financial institutions....
CMBS Delinquencies Continue Rise
The 60+ day delinquency rate for loans in commercial mortgage-backed securities (CMBS) continues to rise, constituting about 8.3% of the CMBS conduit universe,...
MBA Data Book: Stabilization In The CRE/Multifamily Market
Commercial real estate fundamentals began showing signs of a firmer stabilization in the second quarter, according to the findings of the Mortgage Bankers...
CRE Loan Prices Rose In August
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-backed securities (CMBS) increased to 81% as of...
FHA: This Year’s Multifamily Book Dwarfs Last Year’s
The Federal Housing Administration's (FHA) Office of Multifamily Housing has seen an almost 95% increase in endorsements this fiscal year compared to last,...
Canyon Expands Hotel Lending and Acquisition Activities
Canyon Capital Realty Advisors (CCRA) and its affiliates, including the Canyon Johnson Urban Funds (CJUF), are intensifying their investment activities in the hospitality...
Fitch Lowers Two CMBS Servicer Ratings For CW
Fitch Ratings has downgraded the commercial mortgage-backed securities (CMBS) master- and special-servicer ratings for CW Capital LLC and CW Capital Asset Management LLC...
Commercial/Multifamily Debt Outstanding Declined In Q2
The level of commercial/multifamily mortgage debt outstanding decreased in the second quarter to $3.24 trillion, according to the Mortgage Bankers Association's (MBA) analysis...