“More of the same” was the commercial mortgage-backed securities delinquency rate headline in July, according to Trepp Senior Managing Director Manus Clancy.
Category: News and Trends
Personnel News From Greystone, The Mogharebi Group
Greystone, New York, announced Brett Gaffan joined the firm as Senior Managing Director in its commercial mortgage-backed securities lending group, based in New York.
Hotel Investment Appetite Grows Despite Mixed Post-Pandemic Results
Hotel investment activity grew sharply in the first half of 2021 despite continued mixed performance results, according to separate reports on an industry hard hit by the coronavirus pandemic.
MBA CONVERGENCE Webinar Sept. 16–Mayors and Affordable Housing: Perspective from City Hall
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.
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.