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Commercial

Commercial Real Estate Lender Indicted by SIGTARP

Cherry Red Gavel/Credit: Comstock

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that Peter W. Hayes of Newark, Del. has been charged in the District of Delaware in a seven-count indictment with two counts of Fraudulently Benefiting in a Loan Transaction, two counts of Soliciting or Accepting for His Own Benefit Anything of Value in Connection With the Transaction and the Business of a Financial Institution, and three counts of Bank Fraud.Click to continue

Amid Uncertainty, Delinquency Rate Improves for CMBS in June

Commercial and Multifamily Property

Trepp, LLC has released its June 2014 U.S. CMBS Delinquency Report, finding that halfway through 2014, commercial mortgage-backed securities (CMBS) issuance has disappointed and uncertainty persists in the fixed income and equity markets. But one thing that has remained constant is the improving delinquency rate in CMBS. June marks the 13th straight month of improvement in the delinquency rate for US commercial real estate loans in CMBS.Click to continue

Jackson Martin Joins The Stone Group as Vice President

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Jackson Martin has joined Austin-based commercial real estate services firm The Stone Group as vice president. Martin will manage commercial real estate portfolios and transactions for The Stone Group and their national client base, while handling commercial lease negotiations, providing site and market comparative analysis, asset acquisition and dispositiClick to continue

Q1 Commercial/Multifamily Mortgage Debt Increases by $11.1 Billion

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding increased by $11.1 billion in the first quarter of 2014, as three of the four major investor groups increased their holdings. That is a 0.4 percent increase over the fourth quarter of 2013.   

Total commercial/multifamily debt outstanding stood at $2.56 trillion in the first quarter. Multifamily mortgage debt outstanding rose to $913 billion, an increase of $8.7 billion, or 1.0 percent, from the fourth quarter of 2013.Click to continue

Trepp and Kroll Partner for CMBS Surveillance Product

Handshake/Credit: Digital Vision

Trepp, LLC has announced an agreement with Kroll Bond Rating Agency (KBRA) to integrate its newly released CMBS surveillance product KCP (KBRA Credit Profile Reports) with the Trepp product suite.  According to the agreement, Trepp will provide authorized clients access to KBRA credit reports through its products.Click to continue

Commercial/Multifamily Delinquency Rates Slide in Q1

Commercial and Multifamily Property

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the first quarter of 2014, the 30-plus day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.69 percentage points to 6.16 percent.Click to continue

Capital One Bank Unveils Multifamily Finance Division

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Capital One Bank has introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity. The announcement marks the next stage in Capital One’s integration of Beech Street Capital, the agency originator and servicer acquired by Capital One in November 2013.Click to continue

Total Housing Production Rises 13.2 Percent in April, Led by Multifamily

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Soaring production of multifamily apartments pushed nationwide housing starts above the million-unit mark in April, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production rose 13.2 percent for the month to a seasonally adjusted annual rate of 1.07 million units, due entirely to a 39.6 percent increase on the multifamily side, while single-family production held steady.Click to continue

Commercial Real Estate Direct Acquired By Trepp

Hands Shaking

Trepp LLC has announced its acquisition of Commercial Real Estate Direct (CRE Direct), the subscription-based source for information and news on the real estate capital markets.Click to continue

Commercial and Multifamily Bankers Closed $358 Billion-Plus in 2013

Commercial Property Photo

Commercial and multifamily mortgage bankers closed $358.5 billion of loans in 2013 according to the Mortgage Bankers Association’s (MBA) 2013 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Commercial bank and savings institutions were the leading investor group for whom loans were originated in 2013, responsible for $100.5 billion of the total.Click to continue