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Commercial Lending

Commercial Lending (328)

Venture Fund Targets Early Stage Real Estate Companies

Venture Fund Targets Early Stage Real Estate Companies

Tuesday, 13 November 2018
Commercial Lending
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Real Estate Technology Ventures has closed an early stage venture fund focused on making investments in technology for the multifamily industry. Real Estate Technology Ventures I is a $108 million venture fund that invests in technology for the multifamily industry. “We want to identify innovative companies founded by strong entrepreneurs that will help our limited… Read more...
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Investment Partnership Lands Multifamily Complex

Investment Partnership Lands Multifamily Complex

Monday, 12 November 2018
Commercial Lending
Written by
Liquid Capital Real Estate Partners and Wilson Investment Properties have acquired a $51.2M, 45-acre multifamily complex in Norcross, Ga. The Fields at Peachtree Corners is a garden-style apartment community comprised of 41 residential buildings offering a mix of one-, two-, and three-bedroom units, totaling just under 500,000 square feet. The strategy is to drive rent… Read more...
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Fannie Bets on Affordable Housing

Fannie Bets on Affordable Housing

Friday, 09 November 2018
Commercial Lending
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Fannie Mae will invest up to $145 million in three low-income housing tax credit funds in a bid to provide capital for affordable rental housing in underserved rural markets. The new funds are Cinnaire Fund for Housing LP 33, Ohio Equity Fund for Housing LP XXVII, and MHEG Fund 50 LP. "Fannie Mae plays an… Read more...
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TD Bank Finances Development for Veterans

TD Bank Finances Development for Veterans

Thursday, 08 November 2018
Commercial Lending
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TD Bank has committed to finance the latest phase of Valley Brook Village, a development that will create 50 additional units of affordable rental apartments with onsite support services for homeless and disabled veterans. The bank has provided a $6 million construction loan to the Affordable Housing and Services Collaborative Inc. and Peabody Properties Inc.… Read more...
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Freddie Selects Next Head of Multifamily from Within

Freddie Selects Next Head of Multifamily from Within

Tuesday, 06 November 2018
Commercial Lending
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Freddie Mac has appointed Deborah Jenkins executive vice president and head of its multifamily business, effective immediately. Jenkins also has assumed a role as member of the company’s senior operating committee. “Debby’s transition into her role as head of the multifamily business has progressed very well, and I am pleased to announce that she will… Read more...
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Commercial Real Estate Strong Through Year-end

Commercial Real Estate Strong Through Year-end

Monday, 05 November 2018
Commercial Lending
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The commercial real estate market is expected to be strong through year-end. "Our latest Sentiment Index finds commercial real estate industry leaders experiencing continued positive market conditions and cautiously predicting solid performance into 2019,” said Jeffrey DeBoer, president and CEO of the Real Estate Roundtable, discussing the results of the organization’s Q4 2018 Economic Sentiment… Read more...
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Employment Increases Continue on Torrid Pace

Employment Increases Continue on Torrid Pace

Friday, 02 November 2018
Commercial Lending
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The Department of Labor reported that employment hit a record high of 156,562,000 in October. There were 250,000 new jobs added, or 4.5 million new jobs since November 2016, with gains recorded across all industries. For the second straight month, the unemployment rate is 3.7%, the lowest rate since 1969. Six times this year, the… Read more...
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Walker and Dunlop Acquires iCap

Walker and Dunlop Acquires iCap

Friday, 02 November 2018
Commercial Lending
Written by
Walker and Dunlop Inc. has acquired iCap Realty Advisors, a mortgage banking firm that provides debt placement solutions for all commercial real estate asset classes. iCap services approximately $2 billion of loans on behalf of life insurance companies, substantially all of which will be added to Walker and Dunlop's servicing portfolio before year end. iCap's… Read more...
Walker and Dunlap Close Multifamily Deals in Atlanta

Walker and Dunlap Close Multifamily Deals in Atlanta

Thursday, 01 November 2018
Commercial Lending
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Walker and Dunlop Investment Sales LLC has closed the sale of Stadium Walk and Overlook at Huntcrest, two multifamily properties located in Atlanta. The two transactions were completed on behalf of Brand Properties for around $133 million. Since the Great Recession, Atlanta’s suburban renter base has grown faster than any other suburbia or city center… Read more...
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Walker and Dunlop License Platform for $78B Portfolio

Walker and Dunlop License Platform for $78B Portfolio

Wednesday, 31 October 2018
Commercial Lending
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Walker and Dunlop has licensed the commercial serving platform from SS&C Technologies Holdings Inc. In addition to loan servicing, the platform will support asset management, insurance compliance, document management and investor reporting. “SS&C invested significant time with our team to develop an in-depth understanding of our business and requirements,” said Jim Schroeder, senior vice president… Read more...
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MBA: Multifamily Up 6% in 2017, Attained Record Level

MBA: Multifamily Up 6% in 2017, Attained Record Level

Tuesday, 30 October 2018
Commercial Lending
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Strong market conditions helped fuel a 6 percent increase in multifamily lending in 2017, as lenders provided a record high $285 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association's annual report on the multifamily lending market. "The multifamily lending market in 2017 benefited from improving… Read more...
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Wells Fargo Closes $700M Loan 

Wells Fargo Closes $700M Loan 

Monday, 29 October 2018
Commercial Lending
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Wells Fargo and Co. has closed a $700 million syndicated loan facility to The Howard Hughes Corporation a real estate developer of residential and commercial properties. “This new facility achieves our stated financial goals of both increasing our financial flexibility as well as reducing our weighted average cost of capital. By reducing our cost of… Read more...
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