Tag Archives: CMBS

Dan Smith: CMBS Market Poised for a Comeback

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Dan Smith: CMBS Market Poised for a Comeback
Brokers and lenders are heavily competing for new loans. All collateral types are favored, with Fannie and Freddie still dominating multifamily. Interest rates remain low, LTV ratios are more conservative, and rating agencies are becoming more transparent.
Read more on D Magazine

Congress Called Out by MBA to Improve FHA Multifamily and Healthcare …
“Recently, the FHA told Congress that it is on pace to exhaust its commitment authority for multifamily and healthcare program loans for fiscal year 2013 and will require additional authority to insure these loans. Failure to provide the additional …
Read more on LoanSafe

Focus back on Coachella Valley affordable housing
There's an effort statewide to make apartments more affordable as well as improve existing multifamily housing, officials said. Claudia Cappio, keynote speaker and executive director of the Sacramento-based California Housing Finance Agency, said her …
Read more on The Desert Sun

CMBS defeasance hits highest level in six years

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CMBS defeasance hits highest level in six years
… substituting Aaa-rated US government securities for real estate collateral," said Temperamental"s Vice President and Senior Credit Officer Sandra Ruffin. By property type, multifamily made up 17% of the largest shares of defeased loans. View the discussion …
Read more on Housing Wire

Centerline Capital Group's Hires Jeffrey J. Ballaine in Mortgage Banking Unit
(Thomson Reuters ONE via COMTEX) — New York, NY – March 27, 2013 – Centerline Capital Group ("Centerline"), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of …
Read more on MarketWatch (press release)

CRE Loan Delinquencies Continue to Ebb
Last year was supposed to be a huge, terrible year for delinquent loans. More than $ 100 billion in commercial and multifamily mortgages came due in 2012. Many experts worried that there would be a toxic wave of overleveraged mortgages, originated in the …
Read more on National Real Estate Investor

Commercial/Multifamily Mortgage Debt Increases by Largest Amount Since 2008
“The fourth quarter saw the largest increase in commercial and multifamily mortgage debt outstanding since 2008. Bank-held commercial mortgages increased by the largest amount since 2008. The balance of loans held in CMBS rose by the most since 2007 …
Read more on RealEstateRama (press release)

Arbor Expands to CMBS Lending, Taps Hirsch

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Arbor Expands to CMBS Lending, Taps Hirsch
Arbor Commercial Mortgage is expanding its lending business to include commercial MBS loans and has hired market veteran Todd Hirsch to oversee the effort. The finance firm already actively originates Fannie Mae and HUD loans, as well as bridge loans …
Read more on Commercial Mortgage Alert

Funding for Lending: What's in Mervyn King's mind?
The Bank of England and the Treasury released a progress report on their Funding for Lending Scheme (FLS) yesterday. The results did not look excellent. Since the scheme was launched, to considerable fanfare, last summer the participating banks have drawn …
Read more on The Independent