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Commercial

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

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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

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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

U.S. CMBS Delinquency Rate Hits Four-Year Low

Commercial and Multifamily Property

Trepp LLC has released its March 2014 US CMBS Delinquency Report, finding that the rate for U.S. commercial real estate loans in CMBS fell 24 basis points in March to 6.54 percent. The last time the Trepp U.S. CMBS delinquency rate was below this level was over four years ago, in January of 2010. Today’s rate is 288 basis points lower than where it was a year ago.Click to continue

Wells Fargo Named Top Commercial/Multifamily Originator in 2013

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According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA), Wells Fargo; JP Morgan Chase & Company; Bank of America Merrill Lynch; Eastdil Secured; KeyBank; PNC Real Estate; HFF LP; Meridian Capital Group LLC; CBRE Capital Markets; and Prudential Mortgage Capital Company were the top commercial/multifamily mortgage originators in 2013.Click to continue

Outstanding Commercial/Multifamily Mortgage Debt Surpasses $41 Billion in Q4 2013

Commercial and Multifamily Property

The level of commercial/multifamily mortgage debt outstanding increased by $41.2 billion, or 1.7 percent, in the fourth quarter of 2013, as all four major investor groups increased their holdings, according to the Mortgage Bankers Association (MBA). On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2013 was $90.5 billion higher than at the end of 2012, an increase of 3.7 percent. Click to continue

Commercial/Multifamily Delinquencies Drop in Q4

Commercial Property Photo

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2013, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report. During the fourth quarter of 2013, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.01 percentage points to 0.05 percent.  The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac increased 0.04 percentage points to 0.09 percent.  The 60+ day delinquency rate for multifamily loaClick to continue