Berkadia, New York, expanded its proprietary lending platform by launching the BRC Multifamily Bridge Loan Fund LP, an open-ended fund managed by Berkadia Capital Advisors LLC. The firm hired Chuck Lee as Senior Managing Director of Capital Markets.
Category: News and Trends
FHFA Issues Proposed Rulemaking to Amend GSE Regulatory Capital Framework
It’s been a busy week for the Federal Housing Finance Agency. On Tuesday, FHFA and the Treasury Department suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac. On Wednesday, FHFA announced a notice of proposed rulemaking to amend the Enterprise Regulatory Capital Framework for Fannie Mae and Freddie Mac.
C-PACE Makes Splash with Debut New York Deal
Commercial Property Assessed Clean Energy (C-PACE) is an innovative commercial real estate financing option that remains not very well known nor understood by many commercial/multifamily market participants.
FHFA, Treasury Suspend Portions of GSE 2021 Preferred Stock Purchase Agreements
The Federal Housing Finance Agency and the Treasury Department on Tuesday suspended certain provisions added to the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac in January.
Dealmaker: Newmark Lines Up $230M to Refinance Edition West Hollywood Hotel
Newmark, New York, arranged $230 million to refinance the Edition West Hollywood hotel on Sunset Boulevard in Los Angeles.
ULI: Significant Carbon Emissions Cuts from Buildings During Pandemic
COVID-19 significantly improved commercial building performance last year, reported the Urban Land Institute, Washington, D.C.
MBA Chart of the Week: Commercial/Multifamily Property Values
Commercial and multifamily property prices are the product of two things: a) the net operating income (NOI) a property produces and/or is expected to produce and b) the multiple of that income (the capitalization or “cap” rate) investors are willing to pay in order to own that income stream. Thus, Property Value = NOI/Cap Rate.
MBA, ‘Main Street Employers’ Urge Restraint on Tax Measures
Congress is currently wrestling with several large economic bills—including a massive $3.5 trillion Administration-backed infrastructure bill as well as numerous fiscal year 2022 budget proposals. How to pay for these measures remains hotly debated.
CMBS Delinquency Rate Drops Sharply
The commercial mortgage-backed securities delinquency rate declined sharply in August, posting the largest drop in six months, reported Trepp LLC, New York.
MBA: Commercial, Multifamily Delinquencies Continue Downward Trend
Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two new Mortgage Bankers Association reports.