Kennedy Wilson, Beverly Hills, Calif., said its debt investment platform crossed $1 billion in loans secured by real estate across the western United States.
Category: News and Trends
Quote
“Construction lending calls for a high degree of perseverance and accuracy to mitigate its inherent risks. The COVID-19 pandemic has made business much more difficult and complex.”–Rabbet Co-founder and CEO Will Mitchell. Click on “Construction Loan Considerations During a Pandemic” for more.
Dealmaker: NorthMarq Secures $55M for Industrial, Multifamily Assets
NorthMarq, Minneapolis, arranged $55.2 million for industrial and multifamily assets in Ohio and Washington.
Economic Cycle Top Worry for CRE Executives
Shuttered and restaurants and well-meant extension of tenant and borrower protections rank as real estate executives’ top concerns, reported law firm Seyfarth, Chicago.
JLL: Multi-Use Logistics Poised for Growth
JLL, Chicago, said one industrial real estate sub-class is particularly well-positioned for growth: multi-use logistics.
Personnel News from Walker & Dunlop, IPA, JLL
Walker & Dunlop, Bethesda, Md., announced Dana Wade joined the firm as Chief Production Officer for all Federal Housing Administration-backed loan originations with the U.S. Department of Housing and Urban Development. She will also help drive the company’s affordable housing financing activities.
CRE Policymaking During a Pandemic
The Mortgage Bankers Association’s Capital Council hosted a panel Thursday February 25. The Capital Council is a member forum for commercial real estate capital providers and intermediaries, educating participants on market trends and conditions.
MBA SVP Mike Flood Discusses March 10 CMBS Report: Coming Out of COVID
Mortgage Bankers Association Senior Vice President Mike Flood joined MBANow to discuss the March 10 Coming Out of COVID CMBS report.
Quote
“This is complicated stuff. There is a lot of risk involved and it’s easy to get it wrong. And if a person gets it wrong, there is both compliance risk and reputational risk, so you really do not want to be in that position.”–MBA Associate Vice President of CREF Policy Bruce Oliver, discussing the March 10 Financial Crimes webinar. For more, click on “Combating Real Estate Financial Crimes.”
Banks Trim Branches, Creating Empty Retail
Bank mergers and increasing online banking have led to numerous bank branch closings in recent years, which could have a “profound” effect on commercial real estate, said DBRS Morningstar, Toronto.