Brian Stoffers, CMB, served as Chairman of the Mortgage Bankers Association during perhaps the most interesting year in its history—not that he or anyone else planned it that way.
Category: News and Trends
MBA Swears in 2021 Officers: Susan Stewart, Kristy Fercho, Matt Rocco
The Mortgage Bankers Association on Monday swore in Susan Stewart as its 2021 Chair; Kristy Fercho as Chair-Elect; and Matt Rocco as Vice Chair at its virtual 2020 Annual Convention & Expo.
Personnel News From JLL, Walker & Dunlop, Realty Income
JLL Hotels & Hospitality promoted Mike Huth to Executive Vice President of Hotels Debt Capital Markets. He will help lead the firm’s hotel investment banking strategy and will oversee deal execution across the platform.
Report Highlights Post-Pandemic Real Estate Opportunities
The pandemic is accelerating many existing real estate trends and spawning some new ones, PwC and The Urban Land Institute said in their Emerging Trends in Real Estate 2021 report.
Report
Single-family rental property fundamentals remain healthy, but there could be trouble on the horizon.
RIHA Study: More than 6 Million Renters and Homeowners and 26 Million Student Debt Borrowers Missed September Payment
More than six million households did not make their rent or mortgage payments, and 26 million individuals missed their student loan payment in September, according to third quarter research released by the Mortgage Bankers Association’s Research Institute for Housing America.
Commercial/Multifamily Briefs Oct. 22, 2020
CBRE Group, Los Angeles, pledged to spend $1 billion with diverse suppliers in 2021 and to grow this spending to $3 billion in five years.
Quote
“It has been my great privilege to serve you this past year. This job was a challenge that I gladly accepted. But of course, I had no idea just how challenging it would be.”
–Brian Stoffers, CMB
Dealmaker: Electra Capital Provides $92M Bridge Loan
Electra Capital, West Palm Beach, Fla., closed a $92 million bridge loan for Four West Las Olas, Elevate Partners’ new apartment tower in downtown Fort Lauderdale, Fla.
George Smith Partners Secures $59M For Multifamily, Office Assets
George Smith Partners, Los Angeles, secured $58.6 million for multifamily and office assets in southern California.