Andrew Foster: Mezzanine Market Musings
The commercial real estate mezzanine loan market is ripe with interesting market developments this year.
FHFA Re-Proposes Capital Rule to Move GSEs from Conservatorship
The Federal Housing Finance Agency issued a notice of proposed rulemaking that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018.
Analysts Downgrade Hotel Forecast Again
STR and Tourism Economics once again updated their hotel sector forecast. They now expect a 57.5 percent revenue per available room decline this year and a 48 percent RevPAR increase next year.
Dealmaker: Marcus & Millichap Closes Two California Deals Totaling $49M
Marcus & Millichap, Calabasas, Calif., closed two transactions in California totaling $48.9 million.
Personnel News from Institutional Property Advisors, Walker & Dunlop
Institutional Property Advisors hired brokerage team Peter Bauman and Tivon Moffitt in Phoenix.
Real Estate Economists Expect Short-Lived Recession
The COVID-19 crisis has shocked markets everywhere, but some U.S. real estate economists expect a short-lived recession and above-average GDP growth in 2021 and 2022, said the Urban Land Institute, Washington, D.C.
Commercial/Multifamily Briefs
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by fixed-rate multifamily mortgages with predominantly 10-year terms as underlying collateral.
