Good morning! With the Senate finally adjourned after approving a massive $3.5 trillion infrastructure package last week, both chambers are now officially into their August recesses—for now.
Category: News and Trends
MBA Chart of the Week Aug. 16 2021–Aggregate Back Rent Owed
This week’s MBA Chart of the Week zeroes in on households who missed rental payments in June. The chart plots a) the distribution of those households by the number of payments they have missed since the onset of the pandemic; and b) an estimate of the aggregate dollar volume of back rent owed by those households.
Dealmaker: Lument Provides $47M in Multifamily Bridge Loans
Lument, New York, provided $46.9 million in bridge loans for multifamily communities in Florida and Texas.
Quote
“Lack of availability of affordable housing continues to be an issue across the country, and as such, the renewed commitment across legislators, investors and the GSEs presents opportunities for investors to build new properties that meet these requirements or convert existing multifamily properties to affordable.”
–Ernie Katai, Executive Vice President and Head of Production with Berkadia, New York.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 2
M&A events in the Age of Industry 4.0 have moved beyond scale and into the digital clarity achieved by the combination of firms using curated data necessary to profit from vast ecosystems of financial products and services across channels and consumers. Financial and private equity firms that target and conduct due diligence solely on financial engineering will become footnotes in history.
Rida Sharaf: Ready…Set… Go! The Mortgage Industry’s Upcoming Obstacle Course
As yet another extension of the nationwide pandemic eviction and foreclosure restrictions is put in place (at least for federally back mortgages), the mortgage industry is bracing for formidable challenges on a number of fronts.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Andrew Foster: Multifamily Values Amid a Shifting Landscape
The summer has brought big news for the housing industry including but not limited to multifamily market participants.
MBA CONVERGENCE Partner Profile: Sarah Garland of CBRE
Sarah Garland is Director of Production for Affordable Housing and FHA Lending with CBRE, Seattle, responsible for supporting the origination of affordable and workforce housing debt financing.
MBA Recognizes Select Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.