CMF Newslinks Archive

“These incremental improvements help further standardize and streamline the property inspection process, allowing lenders more time to focus on monitoring property condition and performance.”–Grandbridge Real Estate Capital Vice President Anne Doty, discussing revisions to MBA’s Standard Property Inspection Form. Public comments regarding the changes are requested by July 20.

“2017 was the strongest year on record for commercial and multifamily real estate finance. Mortgage bankers closed a record-high $530 billion in loans backed by commercial and multifamily properties, the total amount of mortgage debt outstanding grew to $3.1 trillion and for most capital sources, mortgage delinquency rates were at or near all-time lows.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Apart from the fact that 2007’s [commercial mortgage-backed securities] spreads were tighter than currently, loan-to-values were higher and debt service coverage ratios were substantially lower, 2007 also had higher interest-only percentages–both partial and full–than we currently see in the market. Today’s CMBS are a long way from the ‘good old days’ of 2007.”–Brian Olasov, Executive Director of Financial Services Consulting with Carlton Fields, New York

“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.