Our Chart of the Week focuses on Friday’s Employment Situation report released by the Bureau of Labor Statistics.
Category: News and Trends
MISMO Seeks Public Comment on Two Issues
MISMO, the real estate finance industry’s standards organization, is seeking public comment on two issues, the previously published IRS 4506-C dataset and the Ability to Repay Decision Model and Notation white paper.
Altus Group Survey: Increase in Prioritizing ‘Deploying Capital’ in Near Term
Altus Group, Toronto, released its Commercial Real Estate Industry Conditions and Sentiment Survey for Q1, finding U.S. respondents who expect their primary focus to be deploying capital in the next 6 months grew from 7% at the end of 2023 to 25% in the most recent quarter.
Dealmaker: Mesa West Capital Funds $81M Loan for Boston-Area Multifamily Community
Mesa West Capital, Los Angeles, provided a joint venture between Toll Brothers and Carlyle with an $81 million loan to refinance Emblem 120, a 289-unit mid-rise multifamily property in Woburn, Mass.
Commercial and Multifamily People in the News April 11, 2024
Industry personnel news from Peachtree Group, JLL and Greystone.
CMF Quote of the Week: April 4, 2024
“Rent control has consistently proven to be a failed policy that discourages new construction, distorts market pricing, and leads to a degradation of the quality of rental housing – the exact opposite of what is currently needed in markets throughout the country,”
–MBA President and CEO Bob Broeksmit, CMB on the planned announcement to impose a 10% limit on annual rent hikes at properties supported by LIHTC
CREF Policy Update April 4: MBA Releases 2023 Rankings of Commercial/Multifamily Mortgage Firms’ Origination Volumes
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CRED iQ: Commercial Loan Modifications Surged in 2023
CRED iQ, Wayne, Pa., reported the number of commercial loan modifications jumped significantly in 2023 from 2022. And, the firm anticipates that trend will persist in 2024.
CCMS Society Kicks Off CCMS Cares Campaign
The Mortgage Bankers Association’s Commercial Certified Mortgage Servicer Society’s Philanthropic Committee has launched CCMS Cares: Supporting Families in Need, a year-long campaign seeking to support families burdened by the extraordinary expense of caring for a critically ill or injured child.
MBA Opposes Biden Administration’s Rent Control Proposal on LIHTC-Financed Multifamily Properties
MBA President and CEO Bob Broeksmit, CMB, released a statement on the Biden administration’s planned announcement to impose a 10% limit on annual rent hikes at properties supported by the Low-Income Housing Tax Credit (LIHTC).