MBA: September Commercial, Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association's latest CREF Loan Performance Survey reported.
ESG and its Impacts on CRE
Environmental, Social and Governance criteria is an investment strategy focused on making the world a better place. This is not a new idea; versions of sustainable investing trends have emerged in the past. But the explosive growth and rapidly increasing capital allocation toward “ESG” friendly assets is unprecedented.
Updated State Commercial Mortgage Licensing Resource Now Available
The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements.
CREF Policy Update Oct. 7, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Apartment Demand Soars
Demand for apartments continues to soar. RealPage, Richardson, Texas, reported the nation’s occupied apartment count jumped by more than a quarter-million units during the third quarter.
Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.
Personnel News From M&T Realty Capital Corp., Bellwether Enterprise
M&T Realty Capital Corp., Baltimore, appointed Donna Falzarano as a Managing Director in its Florham Park, N.J. office.
Net Lease Sector Cap Rates Reach New Lows
The Boulder Group, Wilmette, Ill., said single-tenant net lease cap rates fell to new lows for all three asset classes in the third quarter.
CMBS Delinquency Rate Shrinks, Cumulative Default Rate Increases
The commercial mortgage-backed securities delinquency rate continues to shrink, but the cumulative loan default rate increased slightly in first-half 2021, according to two new reports from S&P Global Ratings and Fitch Ratings.
Office Demand Increases, But Full Return Remains Far Off
New demand for office space rose in August, indicating the Delta variant did little to damp employers’ searches.
Commercial/Multifamily Briefs from Arbor Realty Trust, CBRE
Arbor Realty Trust, Uniondale, N.Y., closed a $1.50 billion commercial real estate mortgage loan securitization.
