CapitalSource Closes On HUD Mortgages
Commercial lender CapitalSource Inc. announced last week that it received approximately $119 million of cash proceeds from Department of Housing and Urban Development...
Wells Fargo Secures $531M Refi For Affordable Housing
Wells Fargo & Co. and Freddie Mac have announced the closing of a $531.48 million Freddie Mac Capital Markets Execution loan for Spring...
MBA Analyzes Fed Data On Commercial Mortgages
The level of commercial/multifamily mortgage debt outstanding decreased in the third quarter to $3.43 trillion, according to the Mortgage Bankers Association's (MBA) analysis...
BK Court Confirms GGP’s Plans Of Reorganization
General Growth Properties Inc. (GGP) has announced bankruptcy court confirmation of the plans of reorganization for 194 debtors owning 85 regional shopping centers,...
Analytics Site Launched For Small-Cap Market
Research firm Boxwood Means Inc. has launched a new subscription-based Web site, SmallBalance.com, which the company says features wholly new data and analytics...
Fairfield Residential Files Chapter 11
Fairfield Residential LLC, a multifamily real estate operating company, announced Sunday that it and certain of its subsidiaries have filed voluntary petitions in...
Berkadia Completes Capmark Acquisition
Berkadia Commercial Mortgage LLC, the newly formed entity owned by Berkshire Hathaway Inc. and Leucadia National Corp., has completed its acquisition of Capmark...
Bridger Restarts CMBS Loan Program
Bridger Commercial Funding has announced it will resume originating new commercial real estate loans on income-producing properties. Loans made under Bridger's new program...
Fitch Offers CMBS Reminder
As new issuance in the U.S. commercial mortgage-backed securities (CMBS) sector begins to slowly re-emerge, so may a pair of issues that remain...
CMBS Delinquencies Top 4%, MBA Says
Delinquency rates continued to increase in the third quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily...
$500M CMBS Transaction In The Works
J.P. Morgan Securities Inc. is underwriting a new-issue commercial mortgage-backed security that will be backed by Inland Western Retail Real Estate Trust properties....
Fitch Downgrades Centerline’s CMBS Servicer Ratings
Fitch Ratings has downgraded Centerline Servicing Inc.'s commercial mortgage-backed securities (CMBS) servicer ratings, dropping the company's primary servicer rating to CPS3+ from CPS2-...
Fitch: Potential GGP Settlement ‘Alleviates Uncertainty’
A settlement to convert commercial mortgage-backed security (CMBS) loans affiliated with bankrupt General Growth Properties (GGP) back to performing status, if reached, assuages...
Trepp: Lodging Delinquency Rate Grows To 14%
The percentage of securitized commercial mortgages that are delinquent grew from 4.8% in October to 5.65% at the end of November, according to...
Prism Capital Partners Program Focuses On Commercial REO
Prism Capital Partners LLC has launched a third-party Consultation and Property Management Services (CPMS) program for commercial lenders holding distressed and/or real estate...
GGP Files Reorganization Plan
General Growth Properties (GGP) has filed a plan of reorganization and related disclosure statement with the Bankruptcy Court in the Southern District of...
FICS Upgrades Commercial Servicer Platform
Financial Industry Computer Systems Inc. (FICS), a provider of loan servicing technology, has upgraded its commercial loan software, Commercial Servicer, to the most...
Realpoint: CMBS Delinquent UPB Up 504% Year Over Year
The delinquent unpaid balance for commercial mortgage-backed securities (CMBS) grew slightly last month, from $31.73 billion in September to $32.55 billion in October,...
DDR Details Closing Of $400M Securitization
Developers Diversified Realty Corp. (DDR) announced Friday the successful closing of the securitization of a $400 million, five-year loan to DDR that was...
Berkadia Lands Capmark Servicing Unit
Capmark Financial Group Inc. (Capmark) has received approval from the U.S. Bankruptcy Court for the District of Delaware to complete the sale of...