Merchants Capital, Carmel, Ind., announced $26.3 million in total financing for the rehabilitation of a multifamily development in New York City. The complex–Three Arts Club–will be transformed into permanent and supportive housing for seniors (62-plus) upon its conversion.
Category: News and Trends
Dealmaker: Merchants Capital Secures $26.3M for NYC Senior Housing Conversion
Merchants Capital, Carmel, Ind., announced $26.3 million in total financing for the rehabilitation of a multifamily development in New York City. The complex–Three Arts Club–will be transformed into permanent and supportive housing for seniors (62-plus) upon its conversion.
CREF Policy Update: Senate Continues Consideration of Housing Package –Including Single-Family Rental Investor Ban
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Trepp: CMBS Delinquency Rate Falls in February
Trepp, New York, released its latest CMBS delinquency rate report, finding that it decreased 33 basis points to 7.14%.
MBA Weighs in With Senate Banking Committee on Bank Capital Modernization
The Mortgage Bankers Association sent a letter to Senate Banking Committee Chairman Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.) ahead of last Thursday’s hearing on bank capital modernization.
ATTOM: Vacancy, Zombie Foreclosure Rates Remain Low
ATTOM, Irvine, Calif., released its Q1 Vacant Property and Zombie Foreclosure Report, finding that 1.33% of residential properties are vacant. That’s essentially flat from both Q1 and Q4 2025.
JLL Says Power Availability Becoming Key Commercial Real Estate Value Driver
Energy availability and security is fast becoming a defining factor in commercial real estate decision-making—with critical implications for project viability, property values and building performance—according to JLL, Chicago.
Chart of the Week: Commercial Real Estate Loan Maturity Volumes
Seventeen percent ($875 billion) of the $5.0 trillion of outstanding commercial mortgages held by lenders and investors is scheduled to mature in 2026, a 9% decrease from the $957 billion that was scheduled to mature in 2025. This is according to the Mortgage Bankers Association’s 2025 Commercial Real Estate Survey of Loan Maturity Volumes.
MBA NewsLink Roundtable: Discussing Data Centers, Demand and Deal Structures With KBRA
The rapid expansion of artificial intelligence is driving unprecedented demand for the physical infrastructure that supports it.
Dealmaker: BWE Secures $67M for Colorado Commercial Properties
BWE, Cleveland, secured a combined $67.1 million in financing for five retail, industrial and office properties across Colorado.