Mortgage Bankers Association
CMBS Market Update
Commercial mortgage-backed securities origination has declined significantly in early 2019, though the falloff in volume this year may yet turn out to be more modest than the 10 percent initially projected. Read our latest CMBS Update.
Commercial/Multifamily Mortgage Originations Index
The market as a whole ended the year roughly flat compared to 2017, continuing a plateau we’ve seen in mortgage borrowing and lending since 2015.
PCCP Provides $103M Loan for Silicon Valley Office Project
Renault & Handley Mid-Peninsula Joint Venture is building 600 Clyde Ave., a 190,000-square-foot development in Mountain View, Calif., which will be occupied in its entirety by Google.
Morningstar CMBS Outlook Suggests Soft-ish Landing
The ratings agency’s latest quarterly report cites multiple reasons why a CRE crash like the Great Recession’s does not seem to be in the cards.
Commercial/Multifamily Mortgage Volume
Expect a surge in maturing loans held in CMBS, mortgage REITs, debt funds and other shorter-term capital sources, write MBA’s Jamie Woodwell and Reggie Booker.
Loans Originated for Non-Traditional Lenders Up 50% Since 2016
Private funds, mortgage REITs and other investor-driven debt providers accounted for nearly 13 percent of intermediated mortgages last year.
MBA CREF 2019 Coverage
Sports legends Peyton Manning and Bill Walton, along with dozens of industry experts, addressed the Mortgage Bankers Association Commercial Real Estate Finance conference.
CMBS Annual Issuance
The spread between new-issue 10-year senior AAA bonds and swap rates averaged 80 basis points during 2018.
The Rising Influence of CRE Debt Funds
These vehicles, which offer investors a late-cycle equity alternative, were the talk of the MBA CREF conference in San Diego.
MBA Predicts Originations to Hold at $530B
The Mortgage Bankers Association released its 2019 Economic Outlook & CREF Forecast in San Diego. Here’s what they forecast for lending volumes.