The Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding report found commercial and multifamily mortgage debt outstanding rose by $43.6 billion (1.2 percent) in the second quarter.
Category: News and Trends
Personnel News from Marcus & Millichap, NorthMarq, Eastern Union
Marcus & Millichap named Mark Ruble Executive Managing Director, the highest designation a Marcus & Millichap investment professional can attain.
CREF Highlights Oct. 1, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Fitch: Secular Shifts Force U.S. Commercial Real Estate to Adapt
Fitch Ratings, New York/London, said post-pandemic, many U.S. commercial real estate segments will be transformed by the way space is used, which will have long-term consequences for property performance and financeability.
Dealmaker: NorthMarq Completes $240M Refinancing for California Multifamily Portfolio
NorthMarq’s Newport Beach, Calif., office arranged $240.4 million to refinance a six-property multifamily portfolio in southern California.
Quote
“Both of these propositions [California ballot propositions 15 and 21] are not only important to our constituents in California, but they should be important to every commercial real estate lender nationwide.”
–MBA Senior Vice President of Commercial/Multifamily Mike Flood
A Movement, Not a Moment: MBA Kicks Off CREF Diversity, Inclusion and Equity Campaign
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.
Quote
“Particularly for renters, the combination of those who missed a payment – or were offered and did not take it – is substantive enough to suggest real risk to their ability to make upcoming payments.”
–Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University.
Atlanta Fed’s Brian Bailey, CRE, Dishes on Commercial Real Estate Risks
With just under two decades wearing different hats in the commercial real estate industry before joining the bank, Bailey is a CRE subject matter expert in the Atlanta Fed’s Supervision, Regulation and Credit division. In addition to previous roles as an appraiser, consultant and property developer, Bailey holds CCIM and CRE designations. MBS Newslink interviewed Bailey to get his perspective on the current environment.
Freddie Mac 2Q Apartment Investment Index Dips from Pandemic Impact
Freddie Mac, McLean, Va., said its Multifamily Apartment Investment Market Index fell by 0.3% in the second quarter following strong previous quarterly gains, reflecting the impact of the coronavirus pandemic and the first negative second quarter net operating income growth since 2009.