Wall Street Journal, Apr. 28, 2020–Esther Fung (subscription)Some retail tenants are aiming to rewrite their leases to include pandemic escape clauses and other additional forms of relief, setting up a …
CMF Newslinks Archive
MBA Education Launches Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections
MBA Education launched new Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections courses.
J.C. Penney in Advanced Talks for Bankruptcy Financing
Wall Street Journal, Apr. 23, 2020–Cara Lombardo, Alexander Gladstone (subscription)J.C. Penney Co. Inc. is in advanced talks for bankruptcy funding with a group of lenders, a sign the troubled retailer …
Commercial/Multifamily Briefs
Fifth Third Bank National Association, Cincinnati, and Bellwether Enterprise Real Estate Capital LLC, Cleveland, formed a new strategic relationship between two institutions committed to providing affordable multifamily housing.
New Campaign Targets Lenders’ ‘Powerful Stories’ in Helping Communities Facing COVID-19 Challenges
A new campaign aims to showcase “powerful stories of businesses and organizations who are quickly pivoting to help their communities during these challenging times.”
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
As Hotels Sit Empty, Loan Delinquencies Pile Up
American Banker, Apr. 24, 2020–Jon Prior (subscription) More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie Woodwell MBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types. https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
CRE Deals Collapsing Due to COVID-19
Mortgage Professional America, Apr. 23, 2020–Kasi Johnston A new report by Real Capital Analytics says signs of the COVID-19 crisis are starting to appear in the U.S. market for commercial …
Dealmaker: Northmarq Arranges Multifamily Financing in Texas, N.C, Washington
Northmarq arranged sale and financing for a 1,656-unit multifamily portfolio in Texas and $47.8 million for properties in North Carolina and Washington.