CMF Newslinks Archive

“You live with that loan for the life of that loan. You are a very important part of this ecosystem through good times and bad and through all market cycles. You’re there to make sure loans are serviced property. You keep our businesses running.”–Brian Stoffers, CMB, MBA Vice Chairman and Global President of Debt & Structured Finance at CBRE.

“When examining vacancy and rent growth by market, we see a number of metros still in a stage of recovery or market correction for a variety of reasons. But these are more than offset by metros we consider stabilized or peak performers.”–Transwestern Director of Research Stuart Showers

“Property types drawing the most attention of late continued to follow different paths, with retail originations declining while multifamily and industrial increased. It was the strongest first quarter on record for originations of loans for life insurance companies and the GSEs, Fannie Mae and Freddie Mac.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Both in terms of occupiers and investors, there is a clear divergence of trends by sector. The outlook is sunny for the industrial sector, flat for office space and weak for retail–both prime and secondary.”–RICS U.S. Commercial Property Monitor.

“Last year was a record for commercial and multifamily borrowing and lending. Lending terms remain extremely attractive and we expect another strong year in 2018, although perhaps not quite as strong as 2017.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The outlook for individual property sector fundamentals generally continues to reflect the characteristics of the current real estate cycle. Fundamentals either are steadily improving or appear to have stabilized at sustainable levels.”–PwC Director of Real Estate Research Andrew Warren.

“I couldn’t think of a better town than the rebuilt American City of Detroit to have this conference. Why? Because it was innovation and technology solutions that restored this once broken ‘motor’ city.”–Mortgage Bankers Association Vice-Chairman Brian Stoffers, CMB, speaking at the MBA Technology Solutions Conference & Expo.

“2017 was a very strong year, driven by solid property fundamentals, rising property values, low interest rates and a ready supply of mortgage capital all contributing to extraordinarily attractive finance markets. We expect another robust year in 2018, even with the slight increase in interest rates, although perhaps not quite as robust as 2017.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“This change [raising the required appraisal threshold for commercial real estate transactions from $250,000 to $500,000] supports a real estate market that efficiently allocates capital while still maintaining sound risk management. We hope to continue working with the regulators to find equitable solutions like this one that allow lenders to provide financing to their communities while still maintaining balanced regulatory regimes.”–Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Thomas Kim

“We expect hotel values to remain at an all-time high in 2018 despite a rise in interest rates. Capitalization rates, however, will likely increase again this year, as occupancy has peaked in many major markets and rate growth has become sluggish. With all that said, transaction volume is mostly expected to be a continuation of 2017.”–STR Consultant Hannah Smith