Access Point Financial, Atlanta, participated in providing $75 million in mezzanine financing for the 30-story Pendry Hotel & Residences in Nashville, Tenn.
Category: News and Trends

CREF Policy Update: FHFA Withdraws Landlord-tenant Restrictions, Radon Testing Directives
Commercial and multifamily developments and activities from MBA important to your business and our industry.

CMF Quote of the Week
“Owning a home used to be the crux of the American dream, and while many still consider it a rite of passage, a lot of people are opting to rent for longer because they can’t afford to buy a place of their own. Even people who can afford to buy homes are choosing leases over mortgages, often because they want a flexible, low-maintenance lifestyle, or want to invest their money somewhere other than real estate.”
–Redfin Chief Economist Daryl Fairweather

Gen Z, Millennial Homeownership Rates Flat in 2024, Redfin Finds
Redfin, Seattle, found that homeownership rates for Gen Z and millennials were stagnant in 2024.

Redfin Reports Renter Population Grew 1% in Fourth Quarter
The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the first quarter of 2023, according to a new report from Redfin.

Home Flipping Declines Again, ATTOM Finds
Nearly 298,000 single-family homes and condos in the United States were flipped last year, down 7.7% from 2023 and 32.4% from the recent peak of nearly 441,000 reached in 2022, according to ATTOM, Irvine, Calif.

CoreLogic: Single-Family Rent Prices Up in January
CoreLogic, Irvine, Calif., reported that single-family rent prices increased 2.4% year-over-year in January.

Dealmaker: Merchants Capital Secures $120M for N.J. Development
Merchants Capital, Carmel, Ind., announced $120 million in financing for the construction of a housing and retail development in downtown Newark, N.J.

Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding
According to MBA’s Quarterly Mortgage Debt Outstanding Report, total commercial and multifamily mortgage debt outstanding increased by 3.7% year-over-year, rising from $4.62 trillion in Q4 2023 to $4.79 trillion in Q4 2024. This growth reflects continued investment in commercial real estate, with sector-specific variations in debt allocation.

MBA Releases 2024 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
The Mortgage Bankers Association released a set of commercial/multifamily real estate finance league tables, listing the top commercial/multifamily mortgage originators in 2024.