MBA CONVERGENCE presents the next in its Webinar Series, Mayors and Affordable Housing: Perspective from City Hall, on Thursday, Sept. 16 from 1:30-2:15 p.m. ET.
Category: News and Trends
Rent Prices Soar Beyond Pre-Pandemic Projections
A strong and widespread recovery of rents has pushed prices beyond where they would have been had the coronavirus pandemic never occurred, reported Zillow, Seattle.
Retail Sales, Store Openings Could Boost Retail Property Loan Performance
Moody’s Investors Service, New York, said rebounding retail sales and new store openings should boost retail property loan performance.
Gantry Secures $43M to Refinance Southern California Industrial Portfolio
Gantry, San Francisco, secured $43 million from a correspondent life company lender to refinance a four-building industrial portfolio for a 15-year term.
Quote
“Borrower’s growing risk appetite has fueled demand for transitional financing, such as bridge loans. As a result, alternative lenders led Q2 non-agency commercial mortgage origination activity. Regional banks and life companies provided competitive quotes, while commercial mortgage-backed securities loan origination activity improved.”
–Brian Stoffers, CMB, Global President of Debt & Structured Finance for Capital Markets at CBRE (and past Chair of the Mortgage Bankers Association).
CREF Policy Update Aug. 26, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
FHFA Proposes 2022-2024 Multifamily Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency on Wednesday published its 2022-2024 Enterprise Housing Goals Proposed Rule, which includes raising Fannie Mae and Freddie Mac’s multifamily housing goals from 315,000 to 415,000 low-income units.
Owning a Home Cheaper Than Renting in All 50 Top U.S. Markets
The age-old question in real estate: owning versus renting. According to First American Financial Corp., Santa Ana, Calif., for the time being, owning is winning.
MBA Chart of the Week: Aggregate Back Rent Owed
The Research Institute for Housing America, MBA’s think tank, recently released updated second-quarter 2021 results that allow us to assess how renters, mortgagors and student loan borrowers fared over the first 15 months of the pandemic.
Multifamily Real Estate Professionals Expect Increased Activity
Nearly 80 percent of investment sales advisors and mortgage bankers surveyed by Berkadia, New York, are optimistic multifamily transactions will increase from last year by the end of 2021.