Starwood Capital Group To Buy Corus Bank Assets
The Federal Deposit Insurance Corp. (FDIC) has signed a bid confirmation letter to sell a 40% equity interest in a limited liability company...
AVANT Closes $2.85M Bridge Loan For Multifamily Purchase/Rehab
Avant Capital Partners (AVANT), a New York-based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of approximately $2.85 million...
Venture West Funding Arranges $13.3M Loan On Calif. Industrial Building
Southern California-based commercial brokerage firm Venture West Funding Inc. has arranged $13.3 million for the refinance of a single-tenant industrial building in Santa...
Fed Proposes Changes To TALF Collateral Assessments
The Federal Reserve Board has proposed two changes to the procedures for evaluating asset-backed securities (ABS) pledged to the Term Asset-Backed Securities Loan...
URDANG Named Sub-Advisor For Two Capmark Funds
URDANG, the real estate investment subsidiary for BNY Mellon Asset Management, has created a new real estate debt strategy group by hiring eight...
Capmark Financial Group Contributes $600M Of Capital To Capmark Bank
Capmark Bank, the wholly owned Utah industrial bank subsidiary of Capmark Financial Group Inc., agreed with each of the Federal Deposit Insurance Corp....
CMBS Delinquencies Rose To Over 4% In September
Commercial mortgage delinquencies rose 33 basis points (bps) to 4.36% in September, according to the latest TreppWire CMBS Delinquency Report. That rate is...
Invesco, TCW Group Complete Initial PPIP Closings
The Treasury Department has announced the initial closings of Public-Private Investment Funds (PPIFs) established under the Legacy Securities Public-Private Investment Program (PPIP). As...
Grandbridge Buys Texas, Kentucky Firms
Charlotte, N.C.-based Grandbridge Real Estate Capital LLC, a wholly owned commercial mortgage banking subsidiary of BB&T Corp., has announced two business acquisitions. Grandbridge...
Capstead Mortgage Selects TPG Software
TPG Software Inc., a provider of financial accounting software and services, has announced that Capstead Mortgage Corp. has selected TPG's complete suite of...
‘New Norm’ In N.J. CRE, According To White Paper
As the economic downturn continues to impact real estate, a new paradigm has been established for assessing office leasing markets, particularly in the...
Citi Doubles Its Commitment To Nonprofit Chicago Lender
Citi has increased its financial support of Chicago-based Community Investment Corp. (CIC) from $24 million to $50 million through December 31, 2015. CIC...
Commercial Broker Offers New Refi Program
San Diego-based Capital Line Commercial Financing has announced a new commercial loan refinance program for apartment complexes, office buildings, warehouses, commercial malls and...
NAIC Approves Realpoint As Acceptable Rating Organization
The National Association of Insurance Commissioners (NAIC) has voted to include Realpoint as an Acceptable Rating Organization. 'The NAIC is now acknowledging the...
SilverLeaf Financial Acquires Loans In Florida And Utah
SilverLeaf Financial announced that it has recently acquired two new loans. One of these loans is a $7 million face-valued loan in Jacksonville,...
Commercial/Multifamily Mortgage Debt Outstanding Declines In Q2
The level of commercial/multifamily mortgage debt outstanding decreased in the second quarter to $3.47 trillion, according to the Mortgage Bankers Association (MBA) analysis...
Fitch Affirms Midland’s CMBS Servicer Ratings
Fitch Ratings has affirmed several commercial mortgage-backed securities (CMBS) servicer ratings for Midland Loan Service. Midland's primary rating was affirmed at CPS1, its...
Enterprise Expands Participation In Fannie Program
Columbia, Md.-headquartered Enterprise Community Investment Inc. has expanded its Fannie Mae lending platform to include products for the acquisition, refinance or rehabilitation of...
Mission Capital Opens Three New Offices
Mission Capital Advisors LLC, a commercial, residential and consumer loan sale advisory firm, has announced the opening of new offices in New York;...
New Fitch Service Assesses CRE, CMBS Risk
In light of rising cap rates and delinquencies, as well as declining commercial real estate (CRE) values, the Fitch Solutions and Algorithmics Advisory...