CIT Secures $3 Billion Credit Facility
oup Inc. has entered into a $3 billion loan facility provided by a group of the company's major bondholders, the troubled middle-market lender announced...
Atlanta Fed President Cites Weak CRE Market
onomy is nearing a bottom and is expected to soon begin a slow recovery, but commercial real estate remains a giant concern, Atlanta Fed...
Fitch Upgrades Bank Of New York Mellon Ratings
imary and master servicer ratings of Bank of New York Mellon's Asset Solutions Division have been upgraded by Fitch Ratings. The company's primary servicer...
TALF’s Legacy CMBS Spark Interest
ors requested $668.94 million in loans for legacy commercial mortgage-backed securities (CMBS), the New York Fed reported Thursday. The requests were part of a...
RAIT Financial Trust Launches Fixed-Income Securities Business
inancial Trust is expanding the operations of its registered broker-dealer, RAIT Securities LLC, growing the subsidiary's institutional fixed-income sales and trading business across a...
Apollo REIT To Focus On CMBS
rities and Exchange Commission filing by Apollo Global Management shows that the company is planning to raise $600 million in a public offering of...
CIT Is Denied Gov’t. Bailout
oup Inc. said in a statement Wednesday that it has been advised that there is 'no appreciable likelihood of additional government support being provided...
Fitch: Hotel, Retail Defaults Drive CMBS Delinquencies
ts on five loans of $100 million or more contributed to a record $2.2 billion net increase in U.S. commercial mortgage-backed securities (CMBS) delinquencies...
FHA To Begin Insuring Hospital Refi Loans
deral Housing Administration (FHA) will now provide mortgage loan insurance for hospital refinancing, according to HUD Secretary Shaun Donovan. Prior to this, hospitals could...
LifeComps: Private Commercial Mortgage Returns Bounce Back
s on private commercial mortgages held by life insurance companies rebounded into positive territory in the first quarter after two consecutive quarters of negative...
Two Firms Partner On CMBS Workout Processing
al commercial real estate investment banking firm George Smith Partners (GSP) and national law firm Manatt, Phelps & Phillips LLP (Manatt) have joined forces...
Fitch Releases Updated Criteria for Recent-Vintage CMBS
ecent-vintage U.S. commercial mortgage-backed securities (CMBS) deals expected to substantially underperform older transactions, significant rating actions across the capital structure are likely, according to...
Carlton Group To Auction Distressed Commercial Assets
s Angeles office of Carlton Group has been tapped by an undisclosed West Coast financial institution to market a $47 million portfolio of sub-...
CWCapital Expands Lending Platform On West Coast
tal, a national lender to the multifamily and healthcare real estate industries, is expanding its national multifamily lending platform via the acquisition of the...
Colony Capital Files To Register New CRE Lending Subsidiary
Capital LLC has formed a new wholly owned real estate finance subsidiary called Colony Financial, which will acquire, originate and manage a diversified...
Lending Firm, Investment Group Merge Under Single Entity
e lending firm BlueWater Funding and investment group BlueWater Investment Funds have announced the formation of their parent company, BlueWater Financial Partners, to be...
MBA Publishes CRE/Multifamily Data Book For Q1
rtgage Bankers Association (MBA) has released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the first quarter of 2009. The analysis focuses on...
Survey Shows Property Managers Are Concerned About Locating Reliable Residents
sUnion survey of more than 870 property managers across the U.S. revealed that half of the respondents are experiencing more difficulty locating qualified renters...
MuniMae Sells Low-Income Housing Tax Credit Business
pal Mortgage & Equity LLC (MuniMae) has agreed to sell substantially all of the low-income housing tax credit (LIHTC) business operated by its subsidiaries...
Fitch Assigns First CMBS Large Loan Special Servicer Rating To Green Loan Services
Ratings has assigned Green Loan Services LLC a commercial mortgage-backed securities (CMBS) large loan special servicer rating of CLLSS2-. The rating reflects the extensive...