Mortgage Bankers Association
Commercial/Multifamily Mortgage Originations Index
Commercial and multifamily mortgage loan originations increased 24 percent in the third quarter compared to a year ago.
Best Bets for Getting Financed
Debt capital remains abundant, but emerging developers and investors have a harder time tapping into the flows. Seasoned investment bankers offer successful strategies for getting financed now.
Commercial/Multifamily Mortgage Bankers Originations
MBA now forecasts that commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year.
Commercial/Multifamily Mortgage Debt Outstanding
Total commercial/multifamily debt outstanding rose to $3.46 trillion at the end of the first three months of the year.
Transitioning From LIBOR
Uncertainty surrounds strategies for managing this watershed change, as many firms wait on the sidelines for others to take the lead, writes MBA’s Jamie Woodwell.
New-Issue CMBS Spreads to Swaps
In addition to the credit curve coming down, it has also flattened, with the spread between single‐A and triple‐A CMBS bonds tightening from 207 bps at the end of 2015 to 84 basis points at the end of 2019.
Refinancing Opportunities for CRE Investors
With lenders in the market in force, refinancing opportunities for CRE investors abound at aggressive pricing and attractive terms.
2018 Loan Originations
More loans closed for multifamily properties in 2018 than for any other property type—$266.4 billion, or 46 percent of total volume, according to the Mortgage Bankers Association.
Only Ripples Likely From Next CMBS Maturity Wave
A new Morningstar report indicates that relative to the last big surge of maturities, between 2015 and 2017, the upcoming one will see a higher rate of on-time payoffs.
Adjustable vs. Fixed-Rate CRE Debt
With floating-rate loans making up around one-third of the total balance of outstanding commercial real estate mortgages, a LIBOR transition would be a pivotal event for the industry, according to MBA’s Jamie Woodwell.