MISMO® announced Thursday it is seeking public comment on the MISMO Life of Loan Business Model and MISMO Engineering Guidelines (MEG) 3 and 6. The 60-day public comment period for MISMO Life of Loan Version 2020.12 runs through April 23.

Construction lending calls for a high degree of perseverance and accuracy to mitigate its inherent risks. The COVID-19 pandemic has made business much more difficult and complex.

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

The Federal Housing Finance Agency announced yesterday that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through June 30, subject to the continued tenant protections FHFA imposed during the pandemic. The programs were set to expire March 31.

Local governments need to adopt “comprehensive and balanced” housing strategies to ensure everyone can access a stable and affordable place to live, said the Lincoln Institute of Land Policy, Cambridge, Mass.

Commercial real estate operating fundamentals are still “wallowing” for several property types, but improving economic conditions could greatly benefit the sector, said Wells Fargo Securities, Charlotte, N.C.

Data centers, once a niche investment, have grown into a cornerstone of the information economy and are seeing considerable investment, analysts said.

U.S. hotel gross operating profit per available room improved slightly from prior months in January, but remains in the low single digits, reported STR, Hendersonville, Tenn.

Dwight Capital, New York, closed $151.5 million in financings for three multifamily properties.

Kennedy Wilson, Beverly Hills, Calif., said its debt investment platform crossed $1 billion in loans secured by real estate across the western United States.