The significant amount of CMBS conduit loan maturities in 2016-2017 will provide an unprecedented opportunity for CMBS conduit loan mortgage brokers to increase their origination volume. “Recently, Jim Brett, our CMBS bond analyst and head of CMBS conduit loan underwriting at ValueXpress, performed … [Read more...] about 11.27.15: Wave of CMBS Maturities Is Here!
Archives for November 2015
11.24.15: Wells Fargo – “Underwriting Metrics Slip in 2015”
Wells Fargo recently reported that, in its opinion, CMBS conduit loan underwriting “looked decidedly weaker in 2015” with only Debt Service Coverage Ratios (DSCR) improving. DSCR improvement was primarily a function of low interest rates that were prevalent for the majority of 2015. However, other … [Read more...] about 11.24.15: Wells Fargo – “Underwriting Metrics Slip in 2015”
11.18.15: Rooftop Amenities Are the Rage
The rooftop is now the hottest place to be. These versatile and attractive spaces are one of the newest, most coveted amenities hitting the multifamily market. The emerging spots provide a trendy atmosphere where residents will want to spend most of their time enjoying skyline views -- leading to … [Read more...] about 11.18.15: Rooftop Amenities Are the Rage
11.13.15: Swap Rate Falls Below Treasury Rate – CMBS Borrowers Benefit
Typically, Swap Rates are more than the equivalent Treasury Rate, but recently the relationship has reversed: The Swap Rate is currently lower than the equivalent Treasury Rate. This relationship is important to CMBS conduit loan borrowers because the Swap Rate is the index used to set the … [Read more...] about 11.13.15: Swap Rate Falls Below Treasury Rate – CMBS Borrowers Benefit
11.9.15: Future Apartment Rents to be Determined by Computer Software?
Many local apartment owners are following an industry trend by switching to algorithm-based leasing software. It calculates the price of a unit based on a number of factors -- and the rate can unexpectedly peak and valley. "Prices change daily," said Dorna Davani, leasing consultant with … [Read more...] about 11.9.15: Future Apartment Rents to be Determined by Computer Software?
11.4.15: Investors Sue CMBS Servicer over Fees for Apartment Sale
Four investors in Stuyvesant Town Peter Cooper Village located in New York City are suing CWCapital and Wells Fargo, looking to prevent CWC from reaping an alleged “windfall” of more than $560 million from the $5.3-billion sale of the property to the Blackstone Group and Ivanhoe Cambridge. The … [Read more...] about 11.4.15: Investors Sue CMBS Servicer over Fees for Apartment Sale
