JLL Capital Markets, Chicago, secured $114.3 million in financing for office and industrial assets in six markets.
Category: News and Trends
Life Insurers’ Commercial Mortgage Returns Stabilize, Credit Concerns Remain
Trepp, New York, said returns for life insurance commercial mortgages stabilized in the third quarter, but noted credit concerns remain.
Generation Z Renters Moving On Up
More young adults are returning to the rental market, reported Zillow, Seattle.
Quote
“One promising sign has been the re-emergence of quotes from alternative lenders in recent weeks, a source of capital for value-add properties and distressed situations.”–Brian Stoffers, CMB, Global President of Debt & Structured Finance for Capital Markets at CBRE.
Single-Family Rents Bounce Back
CoreLogic, Irvine, Calif., said single-family rent growth gained strength in September but remains below pre-pandemic rates.
FHFA Sets $70 Billion 2021 GSE Multifamily Loan Purchase Caps
The Federal Housing Finance Agency on Tuesday announced 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $70 billion for each Enterprise, totaling $140 billion in support to the multifamily market.
MISMO Launches CRE Property Financial Workgroup, Issues Call for Participants
MISMO®, the mortgage industry standards organization, announced a call for participants for a new workgroup focused on a standards solution for commercial real estate.
Ratings Agency Seeks Better Bank CRE Lending Disclosure
Better disclosures would allow rating agencies to better assess commercial real estate credit risk in bank loan portfolios, said DBRS Morningstar, Toronto.
Personnel News from Arbor, Walker & Dunlop
Arbor Realty Trust, Uniondale, N.Y., appointed Arthanais Williams Managing Director of Affordable Housing.
Briefs from Bellwether Enterprise, NYLREI, Freddie Mac
Bellwether Enterprise Real Estate Capital LLC, Cleveland, opened new offices in Phoenix, Ariz. and La Jolla, Calif.