Commercial Lending

Commercial Lending (224)

Fannie Prices First Green Deal of 2019

Fannie Mae has priced its first Multifamily DUS REMIC in 2019 totaling $996.5 million under its Fannie Mae Guaranteed Multifamily Structures, also known as Fannie Mae Gems, and its latest green offering. "This marks Fannie Mae's ninth Green GeMS deal; the desk continues to bring alternative Green investments to the Green MBS market, while providing… Read more...

Freddie Mac: Predicts Another Record Year in MultiFamily

Continued strong performance in the multifamily market will result in another record year, according to Freddie Mac Multifamily 2019 Outlook. That’s because rent growth and vacancies will again outperform historical averages, even as new supply remains elevated into 2020, because originations are expected to continue to rise. “Even with continued growth in supply, we expect… Read more...

Acres Closed $500M in Transactions During 2018

Acres Capital Corp. closed around $500 million in transactions in 2018, according to the company. “In a highly competitive lending environment, we managed to grow our origination volume and cultivate new borrower relationships—all without sacrificing our rigorous underwriting criteria,” said Mark Fogel, CEO and president of Acres. “The significant progress achieved in 2018 is a… Read more...

Churchhill Closes on New Construction Property in Texas

Churchill Stateside Group LLC, a real estate company, has closed on Springwood at Allen, a 92-unit new construction property that’s located in Allen, Texas. CSG through its subsidiary Churchill Mortgage Investment provided a $12,894,500 insured loan under Department of Housing and Urban Development guidelines for the construction of multifamily properties. The Springwood is a single… Read more...

Rent Growth Accelerated 3.3% in the Fourth Quarter

The annual pace of U.S. apartment rent growth accelerated to 3.3 percent in the fourth quarter, according to real-estate technology and analytics firm RealPage Inc. Momentum in annual rent growth proved substantial in the last half of the year, pushing performance in 2018 ahead of the 2.5 percent growth recorded in 2017. Apartment owners and… Read more...

Hunt Provides Freddie Multifamily Small Balance Loan & More

Hunt Real Estate Capital provided a Freddie Mac Small Balance Loan in the amount of $5.85 million to refinance a multifamily property located in the Roxboro- Manayunk neighborhood of Philadelphia. The loan is a 10-year fixed rate loan with a 30-year amortization schedule. The property also benefits from a 10-year tax abatement. Terrace Lofts is… Read more...

Balfour Acquires Multifamily Property In Memphis

Balfour Beatty Communities has acquired the Preserve at Southwind, a 306-unit apartment building located in Memphis. The latest addition to Balfour Beatty Communities’ multifamily portfolio was completed as part of a joint venture with ApexOne Investment Partners and American National Insurance Co. and marks the company’s first investment in Memphis. Newmark Knight Frank served as… Read more...

Freddie, Aon Unveil $915M Multifamily Risk Transfer Offering

Freddie Mac has completed its first its multifamily credit risk transfer offering on a pool of $915 million, working with Aon, a reinsurance broker. Freddie Mac has purchased credit risk insurance for the first 5 percent of credit losses on the deal, which includes 55 loans in enterprises Bond Credit Enhancement and Multifamily Participation Certificate… Read more...

Freddie Mac Issued $72.8B of Multifamily Securities in 2018

Freddie Mac issued a company record $72.8 billion of multifamily securities in 2018, which were designed to move risk to private investors from taxpayers. “With our diverse array of securities, including our flagship K Deals, we continue pioneering efforts to meet [caption id="attachment_7455" align="alignright" width="300"] Debby Jenkins[/caption] private sector demand for investment products while shifting… Read more...

Freddie Mac Closes its First Non-LIHTC Loan

Mortgage banking firm Merchants Capital has secured financing for the development of a $19.7 million mixed-income workforce housing community in Rochester, Minnesota. Merchants Capital secured the loan through the first Freddie Mac Non-LIHTC Forward Commitment on behalf of Real Estate Equities. Technology Park Apartments, the 164-unit affordable housing complex, will help to ease the city's… Read more...

Freddie: Single-Family Housing Largest Source of Rentals in U.S.

The single-family rental market provides housing to 25 million Americans and is valued at more than $4 trillion. In fact, it’s the largest source of rental housing in U.S., and plays a particularly important role in rural areas where they account for two-thirds of the rental housing stock, according to “Single Family Rental: An Evolving… Read more...

Securities Properties, Tokyo Land Acquire Property in Oregon

Security Properties and Tokyu Land US Corp., purchased Sanctuary, an apartment building located in Portland, Ore., for $58,300,000. Built in multiple phases, the $1.9 billion South Waterfront community is one of the largest urban redevelopment projects in the nation. Sanctuary has 182 units and is located along the Willamette River on the southern end of … Read more...

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