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Commercial Lending

Commercial Lending (309)

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
Written by
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
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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
Written by
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
Written by
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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Greystone Bel Completes Sale of Detroit Apartment Building

Greystone Bel Completes Sale of Detroit Apartment Building

Friday, 26 October 2018
Commercial Lending
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Greystone Bel has closed the sale, with acquisition financing provided by Greystone, of Carlton Apartments, a 144-unit garden-style multifamily property in the Lafayette Park area of Detroit. The Greystone Bel Investment Sales team, led by Cary Belovicz, represented the seller in the sale of the asset to Florida-based Andover Real Estate Partners and Michigan-based The… Read more...
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Arbor Realty-Freddie Close Single Family Deal

Arbor Realty-Freddie Close Single Family Deal

Thursday, 25 October 2018
Commercial Lending
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Arbor Realty Trust Inc. has closed on three single-family rental portfolio deals totaling $66.4M, spanning nine states under the Freddie Mac Single-Family Rental pilot. "Arbor is firmly committed to the single-family rental market as it provides much-needed affordable housing to our nation's workforce," said Ivan Kaufman, chairman, president and CEO of Arbor Realty Trust. "With… Read more...
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Multifamily Owners Can Now Offer Fraud, Credit Services

Multifamily Owners Can Now Offer Fraud, Credit Services

Wednesday, 24 October 2018
Commercial Lending
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Yardi multifamily clients are now able to offer fraud protection and credit reporting services to the people that rent residences from them. These consumer protection amenities are provided by Resident-Link and included in RentCafe, Yardi's property marketing, leasing and resident services platform. Yardi develops and supports industry-leading investment and property management software for real estate… Read more...
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