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Volume 16 | Issue 41 | Thursday, October 11, 2018

The Lede


CBRE: Revised NAFTA Should Benefit U.S. Commercial Real Estate

The North American Free Trade Agreement's likely replacement, the United States-Mexico-Canada Agreement, should increase U.S. commercial property market demand by decreasing uncertainty about trade, said CBRE, Los Angeles.


Top National News

Real Estate Backed Loans Stage Comeback in CLO Surge

Wall Street Journal, Oct. 10, 2018--Matt Wirz (subscription)
Wall Street is cooking up a new type of mortgage-backed security for bond investors: the commercial real estate collateralized loan obligation, or CRE CLO.

Sears Hires Advisers to Prepare Bankruptcy Filing

Wall Street Journal, Oct. 9, 2018--Suzanne Kapner, Lillian Rizzo, Soma Biswas (subscription)
Sears Holdings Corp. has hired M-III Partners LLC to prepare a bankruptcy filing that could come as soon as this week, as the cash-strapped company that once dominated American retailing faces a debt payment deadline.

Bridge Loans Can Be an Attractive Financing Strategy for Value-Add Investments

National Real Estate Investor, Oct. 5, 2018--Shahin Yazdi
Bridge loans may be the right financing strategy for value-add investors with a clear plan to increase property income.

Lennar Is in Advanced Talks to Sell Its Real-Estate Lending Unit, Rialto Capital

Wall Street Journal, Oct. 9, 2018--Craig Karmin, Laura Kusisto, Dana Mattioli (subscription)
Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation's largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital.

Sexual-Harassment Suit Naming Real-Estate CEO Goes to Arbitration

Wall Street Journal, Oct. 5, 2018--Esther Fung (subscription)
The lawsuit, which also alleged wrongful termination and pay discrimination, was filed last year against Bruce Schanzer, CEO and president of Cedar Realty Trust Inc., a real-estate investment trust based in Port Washington, N.Y., that owns 61 shopping centers.

News and Trends

MBA Chart of the Week: Commercial/Multifamily Mortgages Intermediated to Non-Traditional Lenders

The role of "non-traditional" lenders continues to grow within the commercial real estate finance market.

Fannie Mae Names Hugh Frater Interim CEO; Tim Mayopoulos to Leave Oct. 15

Fannie Mae, Washington, D.C., appointed Hugh R. Frater as Interim CEO, effective October 16, subject to final Federal Housing Finance Agency approval. He will succeed Timothy J. Mayopoulos, who announced his intention to depart in July and will leave the company on October 15.

CRE Price Growth Picks Up in August

U.S. commercial real estate property price growth picked up in August, reported Real Capital Analytics, New York.

Hotel Sector Faces Volatility

Healthy economic momentum and consumer confidence have boosted travel and hotel performance, but the sector could see more volatility in 2019, analysts say.

Commercial/Multifamily Briefs

Mountain America Credit Union, West Jordan, Utah, introduced eClosings on commercial loans.

People in the News

Davis Joins Walker & Dunlop

Walker & Dunlop, Bethesda, Md., hired Michael Davis as Senior Vice President in its FHA Finance group.

Dealmaker of the Week

Norris, Beggs & Simpson Secures $43M For Apartment Construction

Norris, Beggs & Simpson Financial Services, Portland, Ore., secured $42.9 million in construction and permanent financing two Seattle apartment properties.

MBA News

MBA Recognizes Premier Members

These MBA members provide a variety of valuable products and services, including legal, insurance, technology, consulting, communications and more that help to grow your bottom line.

MBA Recognizes Select Members

MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.

CREF19 in San Diego Feb. 10-13

The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2019 returns to San Diego Feb. 10-13.

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

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