SAN DIEGO–Looking at the U.S. economy, 2024 will be solid, but not as solid as last year, predicted Mohamed El-Erian during a session titled “What’s Ahead in the Global Economy” Feb. 12 at the MBA Commercial/Multifamily Finance Convention and Expo.
Category: News and Trends
Dealmaker: CBRE Secures $35M for BTR Community in Peoria, Ariz.
CBRE, Dallas, secured a $35.25 million construction loan for Bella Olivia, a build-to-rent community in Peoria, Ariz.
20% of Commercial and Multifamily Mortgage Balances Mature in 2024–#MBACREF24
SAN DIEGO–Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2024, a 28% increase from the $729 billion that matured in 2023, according to the Mortgage Bankers Association’s 2023 Commercial Real Estate Survey of Loan Maturity Volumes, released here at the 2024 Commercial/Multifamily Finance Convention and Expo.
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
Yardi Matrix: Multifamily Construction Starts Remain Steady, but Slow Slightly
Yardi Matrix, Santa Barbara, Calif., reported that the latest numbers for 2023 multifamily construction starts held up well.
MBA Announces 2024 Diversity, Equity and Inclusion Commercial/Multifamily Leadership Award Winners: #MBACREF24
SAN DIEGO–The Mortgage Bankers Association announced at its 2024 Commercial/Multifamily Finance Convention and Expo that Pinnacle Financial Partners (PFP) and Walker & Dunlop have been recognized as 2024 Diversity, Equity and Inclusion (DEI) Commercial/Multifamily Leadership Award recipients.
MBA Presents Shekar Narasimhan, CMB, With the 2024 CREF Distinguished Service Award: #MBACREF24
SAN DIEGO–The Mortgage Bankers Association awarded Shekar Narasimhan, CMB, Managing Partner at Beekman Advisors, Inc., with the 2024 Commercial Real Estate Finance (CREF) Distinguished Service Award here at its Commercial/Multifamily Finance Convention and Expo.
Quote: Feb. 13, 2024
“Our mission is simple: While you strengthen communities across the country, we strengthen you by shaping policy at the highest levels.”
–From the prepared remarks of MBA President & CEO Bob Broeksmit, CMB, speaking at MBA’s CREF24 conference in San Diego
NAHB/Wells Fargo: Housing Affordability Nears Historic Low
Mortgage rates that hit a 20-plus-year high during the fourth quarter and elevated construction costs pushed housing affordability to nearly its lowest level in years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
MBA: Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January, according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from ICE Mortgage Technology.