The commercial real estate mezzanine loan market is ripe with interesting market developments this year.
Group Newslink: MBA Commercial/Multifamily NewsLink May 28
Andrew Foster: Mezzanine Market Musings
The commercial real estate mezzanine loan market is ripe with interesting market developments this year.
Distressed Real Estate Market Beckons Opportunistic Buyers
New York Times, May 26, 2020–Joe GoseInvestment firms are sitting on “a staggering amount of dry powder” as they wait for big property discounts brought on by the pandemic.https://www.nytimes.com/2020/05/26/business/distressed-commercial-real-esate-coronavirus.html
Andrew Foster: Mezzanine Market Musings
The commercial real estate mezzanine loan market is ripe with interesting market developments this year.
Commercial/Multifamily Borrowing Declines Two Percent in the First Quarter of 2020
Commercial Property Executive, May 22, 2020–Jamie WoodwellMBA Vice President of Commercial/Multifamily Research breaks down first quarter CMF markets and issues a cautionary outlook.https://www.cpexecutive.com/post/commercial-multifamily-borrowing-declines-two-percent-in-the-first-quarter-of-2020/
Analysts Downgrade Hotel Forecast Again
STR and Tourism Economics once again updated their hotel sector forecast. They now expect a 57.5 percent revenue per available room decline this year and a 48 percent RevPAR increase next year.
Commercial/Multifamily Briefs
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by fixed-rate multifamily mortgages with predominantly 10-year terms as underlying collateral.
Dealmaker: Dwight Capital Finances $45M
Dwight Capital, New York, financed $96.7 million in HUD 223(f) loans, $95.1 million in HUD 223(a)(7) loans and $35 million in bridge loans.
A ‘Competitive Furnace’ Burns Inside Willy Walker
Bisnow, May 21, 2020–Jon BanisterToday, Walker & Dunlop employs 872 people across 40 offices. The mortgage finance firm, which was the top Fannie Mae lender in the country last year, …
Goldman Sachs to Juice Cash-Strapped RE Owners With $3B Fund
The Real Deal, May 21, 2020–Keith LarsenBig money from Goldman Sachs, Brookfield Asset Management and others will be deployed into cash-deprived real estate funds that have been hit by the …