The winner is commercial banks, which held $1.57 billion in commercial real estate debt at year-end 2013, according to data from the Federal Reserve Board. The amount of commercial real estate debt held by banks represents 48.9% of the $3.20 billion of total outstanding loans. CMBS is a distant … [Read more...] about 4.23.14: Who Holds the Most Commercial Loans?
Ladder Capital Corp announced the pricing of its initial public offering (IPO) of 13,250,000 shares of its Class A common stock at a price to the public of $17.00 per share on Wednesday, February 5. Ladder is a major contributor of loans to CMBS issues with $2.2 billion in loan contributions to CMBS … [Read more...] about 2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?
Washington, DC (July 31, 2012) – Commercial/multifamily mortgage origination volumes during the second quarter of 2012 were up 25% from second-quarter 2011 levels and up 39% from the first quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of … [Read more...] about 8.1.12: Second-Quarter Commercial/Multifamily Mortgage Originations Up 25% from a Year Ago
Kevin Monahan, Senior Loan Originator at ValueXpress, addressed the May 2012 class of the Commercial Capital Training Group (CCTG) in Albany, NY. CCTG is a one-of-a-kind training company that provides a one-week, comprehensive commercial training and education program tailored for new and … [Read more...] about 6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group
Costar reported that the aggregate value of bank and CMBS real estate loans sold last year rebounded to levels not seen since 2008. Whole real estate loans, both commercial and residential, offered by the Federal Deposit Insurance Corp. (FDIC) last year sold at 84% of their book value compared with … [Read more...] about 2.28.12: Commercial Real Estate Loan Prices Regaining Pre-Recession Values
Commercial mortgage bonds are experiencing the largest rally in 10 months on growing confidence that declining unemployment will boost the economy enough to stem a tide of loan defaults. Top-rated securities backed by U.S. property loans returned 1.41% in April, while AAA-ranked corporate bonds … [Read more...] about 5.3.11: Commercial Mortgage Bonds: Largest Rally Since July
Mortgage brokers should focus on key loan programs if they want to make money in the current credit environment. “I am regularly asked by mortgage brokers, borrowers and bankers to provide guidance on what type of loans can get closed in the current tight credit environment,” said Michael D. Sneden, … [Read more...] about 5.14.10: What’s Hot in Commercial Lending
Commercial Mortgage Alert reported this week that although nine CMBS conduit lenders are actively seeking CMBS conduit loans for the first multi-borrower CMBS transaction since the CMBS market stalled in 2008, progress on accumulating loans for securitization has been slow. Informal discussions with … [Read more...] about 2.10.10: Commercial Mortgage Alert Reports Slow Progress in Closing CMBS Conduit Loans