MBA hosted a joint Origination Council and Capital Council call on August 4 highlighting pertinent issues and challenges facing the commercial real estate finance marketplace. Grandbridge Real Estate Capital Chairman of the Board and Chief Executive Officer Matt Rocco chairs the Origination Council and led the call.
Group Newslink: MBA Commercial/Multifamily NewsLink Aug. 13
Commercial Properties’ Ability to Repay Mortgages Was Overstated, Study Finds
Wall Street Journal, Aug. 11, 2020–Cezary Podkul (subscription)Thousands of commercial-mortgage borrowers have been struggling to meet payments on their loans in the midst of the coronavirus pandemic. But there might …
CRE Professionals Envision COVID-19 Recovery by 2021
Initial concerns about the COVID-19 pandemic’s impact on multifamily real estate have not been realized, said Berkadia, New York.
Dealmaker: Bellwether Enterprise Closes $21M Affordable Housing Deal
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $20.5 million loan to rehabilitate and preserve affordability of nine multifamily properties in West Town and Humboldt Park in Chicago.
Bankers Don’t See Economy Recovering Anytime Soon
American Banker, Aug. 10, 2020–Jon Prior (subscription)More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial …
CRE Investors Still Taking a Wait-and-See Approach
Mortgage Professional America, Aug. 10, 2020–Kasi JohnstonSecond quarter transaction volumes for commercial property remain severely depressed and changes in pricing are moving slower than expected, according to new data by …
What Worked, What Didn’t for CRE Pros Working Remotely
Commercial Observer, Aug. 10, 2020–Tom AcitelliMuch has been made about the sudden shift to working remotely—and to whether that will become the new norm in some form—but little attention has …
CRE Lending Eases as Underwriting Turns Conservative
CBRE, Los Angeles, said a temporary freeze in commercial real estate lending and transaction markets beginning in mid-March through early April led to fewer loan closings in the second quarter.
MBA: Second Quarter Commercial/Multifamily Borrowing Falls 48 Percent
Commercial and multifamily mortgage loan originations fell by 48 percent in the second quarter from a year ago and declined by 31 percent from the first quarter, the Mortgage Bankers Association reported in its Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Amazon and Mall Operator Look at Turning Sears, J.C. Penney Stores Into Fulfillment Centers
Wall Street Journal, Aug. 9, 2020–Esther Fung, Sebastian Herrera (subscription)Simon Property Group Inc., the largest mall owner in the U.S., has been in talks with Amazon.com Inc., the company many …