Commercial and multifamily mortgage loan originations were essentially unchanged in the first quarter of 2024 compared to a year ago, and decreased 23% from the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Category: News and Trends
Optimizing Investment Returns in Single-Family Rentals Through Servicing [Sponsored Content From Planet Loan Servicing]
Uncover strategic methods to mitigate risks and elevate returns in your SFR portfolio through proactive management and specialized servicing.
CMF Quote of the Week: May 9, 2024
“[Multifamily] absorption has remained surprisingly resilient despite the record deliveries over the last few quarters.”
–Kelli Carhart, leader of Multifamily Capital Markets for CBRE
RentCafe: Adaptive Reuse Projects Increase, With Hotels Popular in 2023
RentCafe, Santa Barbara, Calif., found adaptive reuse projects grew last year. There were 17.6% more apartments converted from outdated buildings in 2023 compared with 2022.
MBA, Other Housing Trade Groups Applaud Launch of Bipartisan Congressional Real Estate Caucus
A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
Jobs Report: U.S. Economy Adds 175,000 in April
Total nonfarm payroll employment increased by 175,000 in April, per the Bureau of Labor Statistics.
Dealmaker: Greystone Provides $20.2M Freddie Mac Loan for Philadelphia Property
Greystone, New York, provided a $20.2 million Freddie Mac Optigo loan to refinance a construction loan for a multifamily property in Philadelphia.
CREF Policy Update May 9: COMBOG Chair Testifies on Health of CRE Market; Identifies Regulatory Barriers
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial Property Prices Dip
The pace of decline in U.S. commercial real estate prices decelerated in March, led by improvements in the industrial sector, Real Capital Analytics reported.
Commercial/Multifamily Finance Servicing and Technology Conference Session Highlight: Cybersecurity – The Bad Guys Are Looking for Opportunities
The Commercial/Multifamily Finance Servicing and Technology Conference will be held May 19-22 at the New Orleans Marriott. On May 20, from 2:15-3:15 p.m., attendees can join the General Session: Cybersecurity – The Bad Guys are Looking for Opportunities.