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Volume 17 | Issue 39 | Thursday, September 26, 2019

The Lede


MBA: 2018 Multifamily Lending Jumped 19% to Record High $339.2 Billion

Favorable market conditions helped spur a 19 percent increase in multifamily lending in 2018 to a new high in dollar volume, according to the Mortgage Bankers Association's annual report of the multifamily lending market.


Top National News

Commercial Delinquencies Should Remain Low Despite Economic Worry: MBA

National Mortgage News, Sept. 24, 2019--Brad Finkelstein (subscription)
Commercial and multifamily mortgage delinquency rates should stay at historically low levels in the near future even as economic uncertainty over trade affects U.S. businesses, according to the Mortgage Bankers Association.

Future Housing Trends Toward 'Hipsturbia'

Commercial Property Executive, Sept. 25, 2019--Paul Fiorilla
Will Millennials remain in cities that cater to their lifestyle preferences, or will they settle down and move to the suburbs? ULI's answer is "yes."

Expert: Growing Multifamily Sector Could Demand New Debt Sources

HousingWire, Sept. 20, 2019--Kelsey Ramírez
As multifamily continues to grow, Freddie Mac Executive Vice President Deborah Jenkins said new debt sources could soon be required to match the demand.

Maureen Waters Talks Ten-X Expansion, Mentoring Women in Commercial Real Estate

New York Business Journal, Sept. 19, 2019--Anthony Noto (subscription)
Ten-X Commercial President Maureen Waters discusses current real estate trends, the lessons she has learned along the way and why diversity and inclusion are integral to success. The tech platform oversees online commercial real estate deals in the U.S. and has offices in New York, Silicon Valley, Austin, Miami and Irvine, Calif.

Landlords Often Oppose Short-Term Rentals, These Developers Court Them

Wall Street Journal, Sept. 24, 2019--Konrad Putzier, Will Parker (subscription)
Property owners have long worried that short-term rentals bring noise, crime and regulatory risks to their buildings. But some real-estate firms are starting to embrace the presence of itinerant guests.

Dealmaker of the Week

Walker & Dunlop Arranges $27M For Hotel, Multifamily

Walker & Dunlop, Bethesda, Md., structured $27.4 million for hotel and apartment assets in Florida and Delaware.

People in the News

Bellwether Enterprise Boosts Affordable Housing Group

Bellwether Enterprise Real Estate Capital, Cleveland, expanded its Affordable Housing Group by hiring Lundat Kassa as a vice president in Washington, D.C. and promoting three others to Executive Vice President: Victor Augusta in Raleigh, N.C., Jon Killough in Montgomery, Ala. and Jim Gillespie in New York.

News and Trends

MBA: 2Q Commercial/Multifamily Mortgage Delinquencies Remain Low

Commercial and multifamily mortgage delinquencies remained low in the second quarter, according to the Mortgage Bankers Association's 2Q Commercial/Multifamily Delinquency Report.

Advancing Women in Commercial Real Estate

All businesses benefit by having more women in senior leadership roles, yet women remain underrepresented in commercial real estate leadership, reported Commercial Real Estate Women, Lawrence, Kan.

CREF Highlights

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

MISMO Seeks Participants to Standardize Commercial Utility Information

As commercial and multifamily properties deploy more energy- and water-efficient features and lenders seek utility data, MISMO®, the mortgage industry standards organization, seeks participants to help create a Commercial Historical Utility Dataset.

CMBS Special Servicing Rate Declines

Trepp, New York, reported the volume of commercial mortgage-backed securities loans and assets in special servicing declined again in August, falling three basis points to 3.22 percent.

Emerging Trends in Real Estate: Investors Still Favor U.S. CRE

U.S. commercial real estate remains a favored asset class even as economic uncertainty looms, said the Urban Land Institute and PwC.

Single-Family Rent Growth Slips

CoreLogic, Irvine, Calif., said rent prices in single-family rental properties increased 2.9 percent year-over-year in July, down slightly year over year.

Multifamily Market Sees Rent, Occupancy Growth

The multifamily market's healthy growth continues, shown by continued not-too-fast, not-too-slow rent and occupancy growth.

BofA Survey: Americans Prefer Mortgage over Rent

Most Americans prefer a mortgage payment to paying rent monthly, said Bank of America, Charlotte, N.C., in its yearly Homebuyer Insights Report.

Commercial/Multifamily Briefs

Greystone, New York, closed a $600 million commercial real estate collateralized loan obligation backed exclusively by bridge loans on primarily multifamily properties.

MBA News

Starting Oct. 1: MBA Education Webinars Free to MBA Members

Beginning October 1, all MBA member companies in good standing will have more MBA benefits to celebrate, including complimentary access to all online education webinars and webinar recordings.

MBA Education Overview of C/MF Insurance Compliance Oct. 15

Commercial insurance is a dynamic component of real estate finance. Join MBA Education for a webinar covering the various elements of commercial insurance on October 15 from 2:00 to 3:30 ET.

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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