The Federal Housing Finance Agency, Washington, D.C., announced yesterday Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021.
Group Newslink: MBA Commercial/Multifamily NewsLink Dec. 24 2020
Congress Passes $900 Million Economic Stimulus Package
After marathon on-and-off negotiations, the House and Senate—and the Trump Administration—finally agreed this week on a $908 million, 5,500-page economic stimulus bill, the Consolidated Appropriations Act of 2021.
Some Institutions Still Lending on Retail
The retail sector downturn started even before the pandemic and has suffered more than other property types this year. But some institutions are willing to lending on retail assets, said JLL, Chicago.
Congress Passes $900 Million Economic Stimulus Package
After marathon on-and-off negotiations, the House and Senate—and the Trump Administration—finally agreed this week on a $908 million, 5,500-page economic stimulus bill, the Consolidated Appropriations Act of 2021.
International Investors Have Sights Set on U.S. Multifamily Deals
National Real Estate Investor, Dec. 22, 2020–Bendix AndersonThe money from overseas spent on U.S. apartment buildings is likely to increase in 2021, once several working vaccines against the coronavirus are …
Dealmaker: Bellwether Enterprise Closes $42M for Industrial Assets
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed two loans totaling $41.5 million for distribution centers in southern California and Pennsylvania.
Low Rates Driving CMBS Defeasance Trend
Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.
MBA Chart of the Week: CMBS Annual Issuance Volume
One way to gauge potential commercial mortgage-backed securities issuance volume is by looking at the spreads investors are willing to pay for bonds. Based on current new-issue spreads, 2021 could line-up to be a strong year.
Thoma Bravo Agrees to Buy RealPage for $9.6 Billion
Wall Street Journal, Dec. 21, 2020–Miriam Gottfried, Cara Lombardo (subscription)Private-equity firm Thoma Bravo LP has struck a deal to buy property-management-software provider RealPage Inc. for $9.6 billion, in one of …
The Continuing Saga of Fannie and Freddie
Wall Street Journal, Dec. 20, 2020–Robert Broeksmit, CMBIn a letter to the editor, MBA President & CEO says while MBA does not support an endless conservatorship for Fannie Mae and …