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Volume 16 | Issue 15 | Thursday, April 12, 2018

The Lede


MBA: Mortgage Bankers Close Record $530B in 2017 Commercial/Multifamily Originations

Commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017, according to the Mortgage Bankers Association's 2017 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.


Top National News

Record 2017 Commercial Mortgage Originations

Mortgage Daily, Apr. 10, 2018
Not only did originators lift annual commercial real estate lending volume last year, they pushed it past the pre-crisis record level, the Mortgage Bankers Association said.

Click to Buy: Some Sears Stores Are Being Auctioned Online

Wall Street Journal, Apr. 10, 2018--Esther Fung (subscription)
Real estate services firm Cushman & Wakefield is partnering with Real Insight Marketplace, an online auction platform, to help Sears sell 16 profitable store locations.

A Miami Real-Estate Developer Readies for Flying Cars

Wall Street Journal, Apr. 9, 2018--Candace Taylor (subscription)
In anticipation of air taxis from Uber and others, the builder of a 60-story condo tower in Miami is laying the groundwork for a 'skyport' on the roof.

Commercial Property Outlook Remains Positive

Scotsman Guide, Apr. 5, 2018--Victor Whitman
The commercial real estate market ended 2017 on a strong note, and the prospects for a stable 2018 remain high, according to the Mortgage Bankers Association.

News and Trends

MBA Chart of the Week: Top 10 Commercial/Multifamily Mortgage Originators in 2017

According to a recently released set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, HFF; Wells Fargo; PNC Real Estate; Eastdil Secured; JPMorgan Chase & Co.; CBRE Capital Markets Inc.; Key Bank; Capital One Financial Corp.; Meridian Capital Group; and Walker & Dunlop were the top commercial and multifamily mortgage originators in 2017.

CREF Highlights

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

Most Warehouses Inadequate For E-Commerce Despite New Construction

The need for warehouse construction is not likely to wane because most of the country's warehouse stock is decades old and ill-suited for e-commerce uses, reported CBRE, Los Angeles.

Manhattan Office, Apartment Sectors Diverge

Manhattan's office and apartment sectors diverged in the first quarter, reports said.

Mortgage Rate Increases Drive Apartment Investment Index Drop

Significant mortgage rate increases drove declines in Freddie Mac's Multifamily Apartment Investment Market Index across most markets for both the fourth quarter and the full year.

CMBS Delinquency Rate Increases for First Time Since Mid-2017

The commercial mortgage-backed securities delinquency rate posted a rare increase in March, but it was modest, said Trepp Senior Managing Director Manus Clancy.

People in the News

Crozier To Lead CBRE Hotels Valuations

CBRE named Tommy Crozier Executive Vice President and leader of the firm's CBRE Hotels valuation platform, based in Charlotte, N.C.

Dealmaker of the Week

Arbor Funds $57M in Multifamily Loans

Arbor Realty Trust, Uniondale, N.Y., funded two loans totaling $56.7 million, both secured by Texas multifamily properties.

MBA News

MBA National Advocacy Conference Apr. 24-25

The Mortgage Bankers Association's annual National Advocacy Conference takes place Apr. 24-25 at the Capital Hilton in Washington, D.C.

MBA Education Basics of Commercial Loan Closing and Loan Documentation Webinar May 9

MBA Education presents an introductory webinar to establish the basics for loan closing and loan documentation on commercial properties.

MBA Commercial/Multifamily Servicing/Technology Conference in Miami May 20-23

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 20-23 at the Intercontinental Miami.

CREF Market Intelligence Symposium July 11-12 in New York

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

MBA Education Multifamily Property Inspection Workshop in Chicago July 11-12

MBA Education presents its popular Multifamily Property Inspection Workshop in Chicago July 11 and 12, 2018.

MBA Annual Convention & Expo in Washington Oct. 14-17

Join thousands of your industry colleagues in our nation's capital this October for the Mortgage Bankers Association' Annual Convention & Expo 2018.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

MBA Commercial/Multifamily NewsLink, a weekly electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at