The U.S. government’s modernization of the immigrant investor program goes into effect today with new rules–most notably, an 80 percent increase in the investment minimum.
CMF Newslinks Archive
Commercial-Multifamily Briefs
Freddie Mac, McLean, Va., priced a K-C Series offering of Structured Pass-Through “K Certificate” multifamily mortgage-backed securities.
House Passes TRIA Reauthorization; Senate Banking Committee Considers Companion Bill
The House passed legislation reauthorizing the Terrorism Risk Insurance Act for seven years.
Investors Hit the Pause Button on CRE Debt Strategies
Private equity real estate funds have stepped up to be a major source of financing for the commercial real estate industry—and a bigger allocation for investors. However, fund managers may face a tougher road ahead for fundraising in the near term as capital flows to the sector slow.
Fannie and Freddie Will Likely Exit Conservatorship by 2024, Calabria Says
National Mortgage News, Nov. 13, 2019–Neil Haggerty (subscription) Federal Housing Finance Agency Director Mark Calabria said Fannie Mae and Freddie Mac are expected to be out of government conservatorship by …
Manhattan’s Rent Surge Is Cooling as Tenants Push Back on Hikes
Bloomberg, Nov. 14, 2019–Oshrat Carmiel The great Manhattan rent surge of 2019 is tapering off. Apartments leased for a median of $3,409 in October, up 0.7% from a year earlier, …
Inside a Chinese Developer’s Nearly $3 Billion Bet on the Storied Waldorf Astoria
Wall Street Journal, Nov. 13, 2019–Catherine Clarke (subscription) Frank Sinatra once paid $1 million a year for a suite at the hotel. Now its new owner is banking on the …
Fannie Further Narrows a Gap with Freddie in Multifamily CRT
National Mortgage News, Nov. 15, 2019–Bonnie Sinnock (subscription) The Federal Housing Financial Agency’s latest report on credit risk transfers shows Fannie Mae continues to slowly improve a multifamily mortgage risk-sharing …
MBA White Paper Illustrates CMBS Market’s ‘Significant Role’ in Commercial/Multifamily Real Estate Finance
The Mortgage Bankers Association released a white paper, Role of CMBS in the Financing of Commercial and Multifamily Real Estate in America, that examines the commercial mortgage-backed securities market and highlights the vital role it plays as a capital source for the financing of commercial real estate.
Commercial and Multifamily Mortgages Experienced Q3 Growth
Commercial and multifamily borrowing continues to rise after a strong third quarter, the Mortgage Bankers Association said. MBA Vice President for Commercial Real Estate Research Jamie Woodwell discussed the figures with MPA.