Fannie Mae Announces Top Originators Of Multifamily Debt For 2009
PNC Financial Services Group Inc. was Fannie Mae's top loan originator of multifamily debt financing product for 2009, followed by Deutsche Bank Berkshire...
CMBS Loan Delinquencies Hit New High In Trepp Report
The percentage of commercial mortgage-backed security (CMBS) loans 30 or more days delinquent or in foreclosure or real estate owned (REO) status hit...
GGP Seeks Bankruptcy Court Approval Of Brookfield-Led Bid
General Growth Properties Inc. (GGP) says it will seek bankruptcy court approval of bidding procedures and compensation for the financial commitments to be...
Freddie Approves Beech Street Capital As Program Plus Lender
Freddie Mac has approved Beech Street Capital as a Program Plus seller/servicer for the New York metropolitan area. The Bethesda, Md.-based firm originates...
Morningstar Completes Realpoint Acquisition
Investment research firm Morningstar Inc. has completed its previously announced acquisition of Realpoint LLC, a nationally recognized statistical ratings organization that specializes in...
Prudential Launches Agency Gateway Program For Multifamily Properties
Prudential Mortgage Capital Co. has launched a new short-term loan program for multifamily property owners seeking to refinance or acquire properties that do...
OHFA Closes Its First Multifamily Bond Transaction Under HFA Initiative
The Ohio Housing Finance Agency (OHFA) has issued $5.6 million of tax-exempt bonds on behalf of New Hampshire House Associates LLC. The proceeds...
CRE Problems Common Thread For Undercapitalized Banks
The shuttering of seven Illinois banks Friday, which came on the heels of concentrated bank closings in California and Florida, seems to indicate...
Report: CWCapital Looks To Sell Stuy Town, Peter Cooper Separately
CWCapital, the special servicer tapped to manage New York's Stuyvesant Town/Peter Cooper Village loans, has sought court approval to auction the two complexes...
Great Lakes Financial Group Closes Preservation Deal
Cleveland's Great Lakes Financial Group LP (GLFG) reports that it recently closed a preservation deal through the Michigan State Housing Development Authority's (MSHDA)...
MBA: Commercial, Multifamily Originations Fell 46% In
Commercial and multifamily mortgage origination volumes decreased 46% in 2009 among repeat reporters, with mortgage bankers reporting $82.3 billion of closed commercial and...
Law Firm Expands CRE Services With Dallas Office
Seattle-based Perkins Coie has opened an office in Dallas, which the law firm says will allow it to better serve the interests of...
Fitch: CMBS Loan Defaults To Exceed 11% By Year-End
Loan defaults will continue to escalate for U.S. commercial mortgage-backed securities (CMBS), with an additional 4.4% likely this year and the overall rate...
CREL CDO Delinquencies Increase Slightly; Realized Losses Grow
While asset manager disposal of troubled assets helped keep U.S. commercial real estate loan collateralized debt obligation (CREL CDO) delinquencies under 13%, realized...
With Paulson & Co. Now On Board, Simon Again Reaches Out To GGP
Simon Property Group Inc. (SPG) has offered to invest $2.5 billion in a General Growth Properties (GGP) reorganization at the same per-share price...
Partner Engineering Forms HUD Due Diligence Practice
Partner Engineering and Science has established a national HUD Due Diligence Group under the direction of Frank Romeo. The unit will be headquartered...
Avant Capital Partners Announces Small-Balance Bridge Lending Platform
Avant Capital Partners (AVANT), a nationwide real estate investment bank, has launched a new small-balance bridge lending program. Under the new platform, AVANT...
Stuy Town Filing To Bump CMBS Delinquency Index
The expected foreclosure filing of the Peter Cooper Village and Stuyvesant Town (Stuy Town) loan helped drive U.S. commercial mortgage-backed security (CMBS) delinquencies...
Wells Fargo Tops 2009 List Of Commercial/Multifamily Originators
Wells Fargo Bank was the top commercial/multifamily originator in 2009, according to a set of listings released by the Mortgage Bankers Association. Other...
Cohen Financial, Zions National Real Estate Form Correspondent Lender Partnership
Cohen Financial, a national real estate capital services firm, has formed an exclusive correspondent relationship with Zions National Real Estate (NRE), a nationwide...