Eastern Mortgage Capital, Burlington, Mass. provided $41.7 million in permanent financing for Class A apartment property Broadway Lofts in downtown San Antonio, Texas.
Category: News and Trends
MBA Updates Economic Forecast
The Mortgage Bankers Association released an updated economic forecast.
Trepp: Bank Loans Outperforming CMBS Loans
Trepp, New York, said the bank-issued commercial real estate loans it tracks generally performed better than commercial mortgage-backed securities loans last year.
Personnel News from Berkadia, JLL
Berkadia added Senior Managing Director Sabrina Solomiany, who will lead the firm’s newest specialty group, Medical & Life Sciences from the firm’s Atlanta office.
CoreLogic: Annual Single-Family Rent Growth Holds Steady at Record High in May
CoreLogic, Irvine, Calif., said annual U.S. single-family rent growth remained at a record high in May, posting a 13.9% increase from May 2021.
Apartment Asking Rents Rise at Slowest Annual Rate Since October
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier–the smallest annual increase since October–reported Redfin, Seattle.
Renting More Affordable than Buying Starter Home in Most Large Cities
Higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time buying, the National Association of Realtors reported.
KBRA: Servicers Performed Admirably During COVID
Kroll Bond Rating Agency, New York, said commercial mortgage-backed securities servicers “performed admirably” over the last two years while facing nearly unprecedented distress during the COVID pandemic.
Commercial Certified Mortgage Servicers: Claim your Badge
You have put in significant work toward achieving your Commercial Certified Mortgage Servicer designation. MBA Education wants to recognize your accomplishments.
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