Commercial/Multifamily Briefs Sept. 17, 2020

Exantas Capital Corp., New York, announced its newly formed subsidiaries, Exantas Capital Corp. 2020-RSO9 Ltd. and Exantas Capital Corp. 2020-RSO9 LLC will issue $245.8 million of non-recourse, floating-rate notes at a weighted-average cost of the one-month LIBOR plus 313 basis points.

Personnel News from Walker & Dunlop, NorthMarq

Walker & Dunlop, Bethesda, Md., expanded its multifamily investment sales platform in South Florida by adding Managing Director Still Hunter III and Director Kaya Suarez.

Personnel News from CBRE, Walker & Dunlop, Marcus & Millichap

CBRE, Los Angeles, announced Bill Grice joined CBRE Hotels as Executive Vice President and Co-Head of Hospitality Capital Markets. Based in the firm’s Atlanta office, he will focus on the origination and placement of debt and equity for hospitality-related transactions.

Multifamily Lending Increased 7% to New Record High in 2019

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.

Commercial-Multifamily Briefs July 9, 2020

Walker & Dunlop launched a paid summer internship program for high school and college students from diverse backgrounds in partnership with Project Destined, REPLI and REIRail.