CMF Newslinks Archive

“Everyone has benefited from a lift from the capital markets. But now you need to be more precise in asset selection and how you operate properties. Obtaining above-mean returns will hinge on the ability to derive real NOI growth at the property level.”–Principal Real Estate Investors Senior Managing Director Martin Cropp discussing the Federal Reserve’s decision to raise short-term interest rates.

“Every major investor group and property type except one has seen increases in year-to-date lending volumes, and we expect year-end numbers to continue that trend.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“While executives see New York real estate values topping out in a pretty definitive way, they’re hardly concerned that today’s international crises will slam the market.”
–Marks Paneth LLP Partner in Charge of Real Estate William Jennings.

“Commercial and multifamily mortgages are performing very well. Delinquency rates for loans held by life companies, Fannie Mae and Freddie Mac are all hovering near zero. Among loans held by banks, the delinquency rate for multifamily loans is now lower than it has been since the series began in 1993 and the delinquency rate for mortgages backed by other commercial properties is down to levels seen before the most recent recession.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The proposal would require market participants who trade agency mortgage-backed securities on a forward-settling basis with a FINRA-member broker-dealer to post margin. Included among these market participants are mortgage bankers who utilize the TBAs and other forward-settling mortgage-backed securities transactions to hedge their interest rate exposures.”–MBA President and CEO David Stevens, CMB, in a letter to the Securities and Exchange Commission asking to exempt multifamily transactions from a proposed rule that would require margin be posted on forward-settling agency securities.

“Every major investor group and property type except one has seen increases in year-to-date lending volumes, and we expect year-end numbers to continue that trend.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The only property type flashing caution is lodging. Revenue per available room growth has been so rapid across so many markets, it’s easy to rationalize the need for new product coming online. But we also know from recent experience that lodging performance turns on a dime.”–Brian Olasov, executive director of financial services consulting with Carlton Fields Jorden Burt, Atlanta.

“Borrowing and lending in commercial and multifamily real estate markets is strong. Interest rates that have stayed lower longer than most anticipated and continued growth in property incomes and values are all pushing mortgage origination levels higher.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Lenders provided more than $195 billion of capital to multifamily apartment owners in 2014, a new record.”MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“This resource will help members navigate the sometimes murky waters of state licensing regimes. While nothing can replace appropriate legal counsel, this tool can help an MBA member assess state requirements and engage in business planning for the future.”–MBA President and CEO David Stevens, discussing MBA’s state-by-state compilation of commercial/multifamily mortgage state licensing laws.