Steady Rise in Small Balance Lending

Small balance multifamily lending–including acquisition and refinancing loans with original balances between $1 million and $5 million–is rising steadily and could set a record in 2017, said Chandan Economics and Arbor.

CREF Highlights

Commercial and multifamily developments and activities relevant to your business and our industry.

Commercial Briefs

Pillar Financial, New York, received approval as a Fannie Mae Seniors Housing Lender through the GSE’s Delegated Underwriting and Servicing program.

3Q Single-Tenant Net Lease Cap Rates Decrease

Single-tenant net lease sector cap rates decreased for the first time across all asset classes in the third quarter, reported Boulder Group, Northbrook, Ill.

Stability–But Caution–in Hotel Sector

The hotel sector continues to display stability, “but with a dose of caution regarding future growth,” said US Realty Consultants, Columbus, Ohio.