MBA NewsLink interviewed three analysts, Brian Bailey, Kim Betancourt and Chong Sin, about their thoughts on the multifamily landscape.
Category: News and Trends
Dealmaker: JLL Secures $44M Refinancing in Redmond, Wash.
JLL Capital Markets, Chicago, secured a $43.5 million refinancing for The Carter on the Park, a 180-unit apartment community in downtown Redmond, Wash.
MBA’s Bob Broeksmit on Recent Trigger Leads Progress, Other Key Industry Issues to Watch
WASHINGTON, D.C.–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, took the stage at MBA’s Compliance and Risk Management Conference Sept. 23 to discuss some hot topics–including the recent addition of trigger leads provisions in the National Defense Authorization Act.
CREF Policy Update: Federal Reserve Cuts Rates By a Half Point; First Rate Cut Since 2020
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Fed Cuts Interest Rates 50 Basis Points; MBA Economist Weighs In
The Federal Reserve cut interest rates by 50 basis points Sept. 18.
MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased Modestly in the Second Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $31.4 billion (0.7%) in the second quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
CMF Quote of the Week: Sept. 19, 2024
“Commercial mortgage debt outstanding grew at a modest pace in the second quarter.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
RealPage: Student Housing Pre-Lease Season Ends Below 2023
RealPage, Richardson, Texas, reported student housing leasing results from August–which wrapped up the Fall 2024 pre-lease season. As of August, 92.8% of beds at the core 175 universities tracked were leased.
Nearly Half of Renter Households Cost-Burdened, Census Bureau Reports
Over 21 million renter households spent more than 30% of their income on housing in 2023; representing nearly half of the renter households for whom rent burden is calculated, the Census Bureau reported.
PACE Loan Group’s Bali Kumar: Interest Rate Changes Won’t Hinder C-PACE Financing’s Appeal to Developers
All of the talk about interest rates finally ticking down is making some developers wonder if Commercial Property Assessed Clean Energy (C-PACE) financing will continue to be accretive to their capital stacks.