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Commercial Lending

Commercial Lending (320)

Commercial/Multifamily Originations Rise to Record $573.9 Billion in 2018

Commercial/Multifamily Originations Rise to Record $573.9 Billion in 2018

Thursday, 11 April 2019
Commercial Lending
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Commercial and multifamily mortgage bankers closed a record $573.9 billion in loans in 2018, according to the Mortgage Bankers Association’s (MBA) 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Commercial bank portfolios were the leading capital source for whom loans were originated in 2018, responsible for $174.0 billion of the total. The government sponsored… Read more...
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Greystone Provides $58.8 Million in HUD-Insured Financing 

Greystone Provides $58.8 Million in HUD-Insured Financing 

Wednesday, 10 April 2019
Commercial Lending
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Greystone has provided a $58.8 million HUD-insured loan to refinance a skilled nursing facility in Southampton, N.Y. The transaction was originated by Fred Levine, a managing director at Greystone. The $58,848,000 permanent FHA refinance carries a low, fixed interest rate and 35-year term and amortization. The non-recourse loan refinances and consolidates the asset’s existing debt.… Read more...
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Pembrook Closes $33M Deal in the City of Palms

Pembrook Closes $33M Deal in the City of Palms

Monday, 08 April 2019
Commercial Lending
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Pembrook Capital Management invests in commercial real estate with a core emphasis on affordable housing across the United States. The strategy the firm deploys involves commercial real-estate debt, including first mortgages, mezzanine, bridge loans, note financings, and preferred equity. Read more...
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Hunt Finances Acquisition of a Multifamily Property in Crab-Cake Capital

Hunt Finances Acquisition of a Multifamily Property in Crab-Cake Capital

Thursday, 04 April 2019
Commercial Lending
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Hunt Real Estate Capital it provided a conventional Fannie Mae loan in the amount of $15.68 million to finance the acquisition of a multifamily property located in Baltimore. The Park Raven Apartments is a vintage multifamily apartment community that consists of 253 multifamily units. The property was built in 1949, renovated in 2006, and is… Read more...
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MBA's 2018 Rankings of Commercial-Multifamily Origination Volumes

MBA's 2018 Rankings of Commercial-Multifamily Origination Volumes

Monday, 01 April 2019
Commercial Lending
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The Mortgage Bankers Association's rankings, or real estate finance league tables, covering the top commercial-multifamily mortgage originators of 2018. It's designed to provide listings of dozens of different mortgage originators, their 2018 volumes and the different roles they play. The report presents origination volumes in more than 140 categories, including by role, investor group, property… Read more...
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Fannie Mae Completes $11.7B Credit Risk Transfer Deal

Fannie Mae Completes $11.7B Credit Risk Transfer Deal

Tuesday, 26 March 2019
Commercial Lending
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Fannie Mae has completed a multi-tranche credit insurance risk transfer transaction covering a pool of around $11.7 billion of existing multifamily loans in the company's portfolio. The transaction, MCIRT 2019-01, is the fifth credit-risk transaction and designed to increase the role of private capital in the multifamily mortgage market and mitigate risk for taxpayers. "Further… Read more...
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Blaze Partners Acquires Apartment Community in Charlotte, N.C.

Blaze Partners Acquires Apartment Community in Charlotte, N.C.

Sunday, 24 March 2019
Commercial Lending
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Multifamily investment firm Blaze Partners has acquired The Gibson, a 250-unit luxury apartment community in Charlotte, N.C This transaction marks a continuation of the Company's current strategy of acquiring Class A communities within dynamic locations throughout institutional growth markets in the Southeast. "We are thrilled to expand our Charlotte presence and add The Gibson to… Read more...
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Brickstone Partners, Deutsche Recapitalize Student Housing

Brickstone Partners, Deutsche Recapitalize Student Housing

Monday, 18 March 2019
Commercial Lending
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Brickstone Partners and Deutsche Finance America have recapitalized of The Lodge at Boulder, a 220-unit, 355-bedroom student housing complex near the University of Colorado campus in Boulder. Brickstone Partners purchased The Lodge property more than three years ago and began large scale renovations of many of the units and common spaces. The new partnership plans… Read more...
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Inland Sells Two Denver-Based Properties

Inland Sells Two Denver-Based Properties

Monday, 18 March 2019
Commercial Lending
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Inland Private Capital Corp. sold two multifamily properties, Ascent Uptown and Emerson Lofts, both located in Denver for $21.85 million. Inland facilitated the sale of the properties on behalf of Denver Multifamily Portfolio DST, one of its 1031 investment programs. Located at 1691 Franklin Street, Ascent Uptown is a three-story mixed-use building constructed in 2013.… Read more...
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Hunt Refinances $52M Housing Property in Florida

Hunt Refinances $52M Housing Property in Florida

Monday, 11 March 2019
Commercial Lending
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Hunt Real Estate Capital has provided a Fannie Mae DUS loan in the amount of $52 million to refinance a manufactured housing property located in the city of Sweetwater, Fla. Li'l Abner is an all-age, 908-pad manufactured housing property. Sixty-four percent of the pads are intended for double‐wide homes, and the remaining 36 percent are… Read more...
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TD Bank Increases Commercial Lending 6.8%

TD Bank Increases Commercial Lending 6.8%

Sunday, 10 March 2019
Commercial Lending
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TD Bank expanded its commercial real estate lending by 6.8 percent in fiscal year 2018, issuing $6.6 billion in new loans and renewals. "Changing market trends, including global and political uncertainty, are expected to have a significant impact on the real estate and business communities going forward," said Gregg Gerken, head of commercial real estate… Read more...
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Trepp CMBS Delinquency Rate Dips Below 3%

Trepp CMBS Delinquency Rate Dips Below 3%

Friday, 08 March 2019
Commercial Lending
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The Trepp CMBS Delinquency Rate crossed another threshold in February as it dipped below 3% for the first time since May 2009. February’s reading clocked in at 2.87%, down 15 basis points from the prior month and a new post-crisis low for the delinquency rate, according to the “February 2019 US CMBS Delinquency Report” from… Read more...
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