Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their finances, according to a new Bank of America report.
Category: News and Trends
Dealmaker: Walker & Dunlop Closes $155M Refinancing for Manhattan’s Lexington Hotel
Walker & Dunlop, Bethesda, Md., completed a $155 million refinancing deal for the Lexington Hotel, a historic landmark in Midtown Manhattan.
CREF Policy Update: MBA Joins Coalition Letter to FHFA on Building Code Requirements
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Newmark Finds Surging Multifamily Demand
Newmark, New York, reported multifamily demand surged in the first quarter with nearly 104,000 units absorbed–the largest first-quarter total since 2000.
APCIA’s Gary Sullivan: Industries Can Work Together on Insurance Challenges
NEW ORLEANS–Significant challenges affecting the insurance industry remain, said Gary Sullivan, Senior Director of Emerging Risks for the American Property Casualty Insurance Association. But, there are opportunities for the insurance and banking industries to work together to help.
Dealmaker: Berkadia Secures $32M for Virginia Beach Multifamily
Berkadia, New York, secured $31.8 million in construction/permanent financing through the Virginia Housing Development Authority for Vanguard Landing, a 128-bedroom community to be developed in Virginia Beach, Va.
23 Mortgage Servicers Earn CCMS Designation at MBA CMST Conference
NEW ORLEANS–Twenty-three mortgage servicers earned their Certified Commercial Mortgage Servicer designations here at the Mortgage Bankers Association’s Commercial/Multifamily Finance Servicing and Technology Conference.
Offices, Insurance Top Commercial Servicing Conversations, Panel Says
NEW ORLEANS–Looking at servicing in the current commercial market, offices and insurance issues are top of mind. That’s per a panel at the Mortgage Bankers Association Commercial/Multifamily Finance Servicing and Technology Conference, here, May 20.
Cybersecurity Panelists Talk Trends, AI, Best Practices
NEW ORLEANS–“I guarantee we’re going to scare some people. And if you’re not scared when we leave, you weren’t paying attention,” promised Brett Adams, Senior Vice President & Managing Director, Servicing, Berkadia, on a panel about guarding against cybercrime May 20.
CREF Policy Update: Supreme Court Rules in CFPB’s Favor; Prudential Regulators Testify on the Hill; MBA Shares Views Ahead of Markup
Commercial and multifamily developments and activities from MBA important to your business and our industry.