With a demand for a second round of federal Paycheck Protection Program (PPP) loans that will inevitably exceed supply, real estate finance company Eastern Union, Brooklyn, is urging pandemic-wracked small businesses nationwide to get a head start on the loan approval timetable by immediately pre-applying for the program.
Category: News and Trends
CREF Policy Update Jan. 14, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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“Dallas is such an important hub for servicers, so the idea of adding boots on the ground there just made sense.”
–MBA Vice President of Member Engagement Kelli Burke, discussing MBA’s new Associate Director of Member Engagement Jacky Salazar. Salazar will be based in Dallas.
MBA CREF Summary of FY 2021 Appropriations Act
The Mortgage Bankers Association has prepared highlights of the Consolidated Appropriations and Additional Coronavirus Response and Relief Act, which passed Congress on Dec. 21.
Dealmaker: Berkadia Secures $65M for Multifamily Construction
Berkadia secured $65M in construction financing for multifamily assets in South Carolina and Montana.
Single-Tenant Net Lease Cap Rates Again Reach New Lows
Cap rates in the single-tenant net lease retail and industrial sectors fell once again in the fourth quarter to record lows, reported Boulder Group, Wilmette, Ill.
MBA Voices: Courageous Conversations with Women of Color Series Begins Jan. 12
The Mortgage Bankers Association introduces a new three-part virtual series, Voices: Courageous Conversations with Women of Color, beginning Tuesday, Jan. 12.
CMBS Market Musings–Not Out of the Woods?
As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.
Personnel News from STR, Unispace
STR, Hendersonville, Tenn., appointed Isaac Collazo Vice President of Analytics.
News in Brief from Simon Property, Marcus & Millichap, Freddie Mac, Verus
Simon Property Group, Indianapolis, completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, Bloomfield Hills, Mich.