Finance (Research Center)
The Positive Effect of 2003
By Larry Kay In 2013, about 65 percent of the year’s maturities will be from the 2003 vintage year. We expect that the 2003 vintage-year maturities will benefit from loan amortization, property appreciation and the positive spread on 10-year Treasury rates, which averaged about 4 percent in 2003. As a result, the 2003-vintage maturities will have a much more dramatic effect on this year’s maturity and delinquency performance. With our expectation that 2013 should be a good year for loan maturity payoffs, it should also be positive for CMBS delinquencies, including the underlying property-type delinquency rates and amounts. Fundamentals in…
How to Maintain Servicing Levels When Originations are Down
In the wake of the CMBS industry downcycle during the Great Recession, servicers may be having to figure how to maintain the volume of their business. One strategy may be to acquire other servicing companies.
JLL’s Denny St. Romain: Financing from Life Companies, Conduits, Banks
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, Denny St. Romain, managing director of Real Estate Investment Banking at Jones Lang LaSalle, discusses three sources of commercial real estate financing today: life companies, conduits and banks.
Vic Clark: Conduits Compete Directly with Fannie, Freddie
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, Vic Clark, managing director of Centerline Capital Group, explains the increasing competitiveness of CMBS financing in the commercial real estate world.
David Durning: Prudential’s Financing Goals for 2013
At the 2013 Mortgage Bankers Association CREF/Multifamily Housing Conference, David Durning, president and CEO of Prudential Mortgage Capital Co., explains Prudential’s targets for balance sheet, Fannie Mae, Freddie Mac and FHA, CMBS and bridge financing for 2013.
DLA Piper Special Report: CMBS Back, REITs Up, Liquidity Plentiful in Capital Markets
Speaking at the DLA Piper 11th Global Real Estate Summit in Chicago yesterday, industry movers and shakers remained only cautiously optimistic about the future of commercial real estate, despite several indicators pointing to a rebirth of the field.
Will the CMBS Comeback Be Derailed — Again?
There is some confidence now that a sudden evaporation of conduit financing is less likely this time around because the economic recovery appears to have legs.
