CMF Newslinks Archive

“We are quite bullish on multifamily for a number of different reasons.”–Walker & Dunlop Chairman and CEO Willy Walker in a MBANow CREF COrner Office video conversation (article in left column).

“The balance of mortgage debt on commercial and multifamily properties grew faster during the first half of 2018 than during any other first half since 2007.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Seniors housing acquisitions momentum will continue in the second half of 2018 and will likely increase, especially if the sentiment reflected in the survey materializes. Despite the increased capital market and operational headwinds, investor interest remains robust and a lack of available product to buy should keep pricing strong.–CBRE Head of Multifamily Research Jeanette Rice

“Property appreciation for most types of real estate, particularly the big sectors investors are focused on, has been pretty anemic over the past couple of years. But there are quite a few outliers to that trend.”–Peter Rothemund, Senior Analyst with Green Street Advisors, Newport Beach, Calif.

“It is hard to overstate how low commercial and multifamily mortgage delinquency rates are today.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The multifamily space is the land of opportunity right now, and we don’t see that waning any time soon. While we may not have seen as many big blockbuster deals during the first half of the year as in years past, production remains steady on both the investment sales and lending sides of the coin and industry-wide, we expect that activity to remain strong.”–Berkadia Executive Vice President and Head of Production Ernie Katai.

“There’s nothing wrong with the debt markets and there’s nothing wrong with the state of the capital markets. However, at today’s valuations with continued low cap rates and interest rates, we’re getting lulled.”–Shekar Narasimhan, CMB, in an MBANow CREF Corner Office video conversation.

“The last months of 2017 exceeded expectations for the multifamily market, and that trend continued into the first half of 2018. There will be certain submarkets that will see moderation, but overall the multifamily market continues to benefit from a solid macroeconomy and continued strong demand. Simply put, we do not see any looming threats to the multifamily market in the near future.”–Freddie Mac Multifamily Research and Modeling Vice President Steve Guggenmos.

“The commercial mortgage lending market should remain favorable to borrowers for the balance of the year. Loan credit spreads remain tight and underwriting standards are stable. While there is some risk to an escalation of trade disputes, this has not yet influenced credit availability or pricing.”–CBRE Global President of Debt & Structured Finance and Mortgage Bankers Association Vice-Chairman Brian Stoffers, CMB.

“Loan prices in the commercial mortgage-backed securities universe remained flat in June as U.S. Treasuries remained relatively unchanged.” –DebtX Managing Director Will Mercer.