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Volume 16 | Issue 1 | Thursday, January 04, 2018

The Lede


MBA: CRE Originators Expect 'Strong' 2018

Commercial and multifamily mortgage originators expect another strong year according to the Mortgage Bankers Association's 2018 CREF Outlook Survey.


Top National News

MBA Opens Doors Raises Record $1.8 Million in 2017

National Mortgage Professional, Dec. 21, 2017--Phil Hall
The Mortgage Bankers Association Opens Doors Foundation has announced it raised a record $1.8 million in calendar year 2017, furthering its mission to help families meet their housing costs while dealing with a critically ill or injured child receiving medical treatment.

Peak Commercial Real Estate Prices Force Investors to Get Creative

Wall Street Journal, Jan. 2, 2018--Peter Grant; Shefali Anand (subscription)
As 2017 ended, the good news for commercial real estate investors was that values were near peak levels in many markets. The bad news: values in many markets are near peak levels, which will make buying property this year particularly tricky.

U.S. Office Market Softened in 2017

Wall Street Journal, Jan. 2, 2018--Peter Grant (subscription)
The U.S. office market in 2017 experienced a slowdown in tenant expansions while supply growth stayed at about the same level as in 2016, according to a new report.

Fannie and Freddie Regain Capital Reserves; Withhold Billions from Treasury

HousingWire, Dec. 29, 2017--Ben Lane
Thanks to the new agreement between the Federal Housing Finance Agency and the Treasury, each of the GSEs withheld billions from the Treasury to ensure that each has enough capital on hand to "cover other fluctuations in income in the normal course of each Enterprise's business."

The Formidable Fannie and Freddie: Is Multifamily Lending Set for a Slowdown in 2018?

Commercial Observer, Jan. 3, 2018--Mack Burke
Fannie Mae and Freddie Mac have recently set multifamily lending records, but in the current multifamily market environment, that volume and competition could create a problem--and a slowdown may be on the way.

Private-Equity Funds Focused on Property Raising Less Capital

Wall Street Journal, Jan. 2, 2018--Peter Grant; Shefali Anand (subscription)
Private-equity funds that focus on real estate have been raising less money for the past few years and chances are dim that there will be much pickup in fundraising in 2018.

News and Trends

MBA 3Q Commercial/Multifamily DataBook Reports 'Strong, Steady' Markets

Commercial real estate and finance markets were strong and steady during the third quarter, the Mortgage Bankers Association said today.

CREF Highlights

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

MBA Welcomes 18 New Members

The Mortgage Bankers Association welcomed 18 new regular members to its ranks, which now numbers more than 2,300 member companies.

Single-Tenant Net Lease Sector Finishes 2017 Strong

Retail sector single-tenant net lease cap rates reached a new low in the fourth quarter--6.07 percent--reported Boulder Group, Northbrook, Ill.

CMBS Delinquency Rates Continue to Fall

Delinquency rates for loans packaged in commercial mortgage-backed securities fell throughout the second half of 2017, said Morningstar Credit Ratings LLC, New York, which expects the declining trend to continue in 2018 as servicers continue to wind down their legacy portfolios and originations outpace new problem loans.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., launched DUS Disclose, a new mortgage-backed securities disclosure website to improve transparency and increase data available for multifamily securities.

People in the News

JLL Hires Nagarajan

JLL, Chicago, hired Sundar Nagarajan as Managing Director of Consulting and Business Intelligence Lead for Integrated Portfolio Services.

Dealmaker of the Week

Pillar Originates $55M for Midwest, Vegas Multifamily

Pillar Financial, Chicago, originated nearly $55 million for multifamily properties in Lafayette, Ind., suburban Detroit and Las Vegas.

MBA News

MBA C/MF Diversity and Inclusion Leadership Awards: Application Deadline Jan. 10

The Mortgage Bankers Association is accepting applications until Jan. 10 for the second annual Commercial/Multifamily Diversity and Inclusion Leadership Awards.

MBA Education Webinar: Excel for Commercial Real Estate Professionals, Jan. 17

The MBA Education Excel for Commercial Real Estate Finance Professionals webinar will explore how to create a useful and powerful spreadsheet when analyzing commercial real estate.

CREF18 in San Diego Feb. 11-14

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2018 returns to San Diego Feb. 11-14.

MBA Education Multifamily Property Inspection Workshop in Atlanta, Mar. 21-22

MBA Education presents its popular Multifamily Property Inspection Workshop in Atlanta March 21 and 22, 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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