The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. The London Interbank Offered Rate (LIBOR) is a leading reference rate for adjustable-rate loans in the United States and around the world, and is targeted to sunset at the end of 2021.
In a search for yield and a vote of confidence in the assets, investors have pulled commercial mortgage-backed securities (CMBS) credit spreads lower in recent years.
The London Interbank Offered Rate (LIBOR) is a leading reference rate for adjustable-rate loans in the United States and around the world, and is targeted to sunset at the end of 2021.
Last year, Blackstone Mortgage Trust Inc. was the top investor-driven lender, followed by Deutsche Bank Securities Inc., Capital One Financial Corp., Wells Fargo, Apollo Global Management, LoanCore Capital, LLC, Mesa West Capital, LLC, KKR Real Estate Finance Trust Inc., TPG Real Estate Finance Trust, and PCCP LLC.
MBA recently released its annual 2018 Rankings of Commercial/Multifamily Mortgage Firms' Origination Volumes and the following firms were the top commercial/multifamily mortgage originators: HFF; Wells Fargo; CBRE Capital Markets, Inc.; Key Bank; Eastdil Secured; JP Morgan Chase & Company; Meridian Capital Group; Bank of America Merrill Lynch; PNC Real Estate; and Berkadia.
Jamie Woodwell, Vice President of Research and Economics at Mortgage Bankers Association (MBA), joined the RealCrowd Podcast to discuss recent MBA research on how lenders view the current market.
Prepayment of GSE and life company loans, and originations of debt fund and CMBS loans, balance out 2019 loan maturities.The wide range of topics facing the industry prompted us to develop this Bingo card - which we unveiled at the opening general session of MBA's CREF Convention - to help attendees navigate as they moved from issue to issue.
Prepayment of GSE and life company loans, and originations of debt fund and CMBS loans, balance out 2019 loan maturities.
Commercial mortage-backed securities (CMBS) issuance is tied closely to spreads, giving a sense of how 2019 is likely to shape up.
Commercial real estate fundamentals and finance markets were largely stable during the third quarter.
Numbers from Harvard's Joint Center for Housing Studies tell an important story about affordability, and also about how households and the housing market interacted before, during and after the Great Recession.
In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons.
Three times each year, MBA publishes its best thinking about how the next two years will shape up for commercial and multifamily real estate finance (CREF) markets.
The multifamily mortgage market is large and diverse, with 2,554 lenders making 44,623 loans totaling a record $285 billion in 2017.