While the banks may be shifting away from construction loans, they continue to lend aggressively, executives said at a Keefe, Bruyette & Woods conference in Manhattan. Al Barbarino reports.
Though prices are peaking, liquidity is ample and fundamentals remain strong, delegates hear. Al Barbarino reports.
Following its exit from most of its most of its financial services businesses, GE Capital has shed its designation as a systemically important financial institution (SIFI).
A partnership between Becknell Industrial and a fund managed by UBS Asset Management have secured a $250 million loan for the acquisition of a 14 million sq ft US industrial portfolio.
The commercial mortgage-backed securities market could be headed for a period of “February-like hibernation,” at least in the short-term, until the dust settles from the surprise Brexit vote last week, according to industry research firm Trepp.
The PrivateBank has provided a $25 million bridge loan for the acquisition and renovation of the Timber Creek Apartments in the Woodridge, Illinois suburb of Chicago.
Alchemy Properties is proving this month that it’s feasible to secure bank financing on condominium construction projects in Manhattan, despite industry talk that this market is overheating.
Freddie Mac has sold 2,879 deeply delinquent non-performing loans (NPLs) with an unpaid principal balance of $706.3 million from its mortgage investments portfolio.
A new report from PIMCO underscores the opportunities arising from volatility in the US CRE markets.
Lincoln Financial provided a $46.2 million loan to refinance Summer Meadows and Summers Crossing, two garden-style multi-housing communities totaling 683 units in Plano, Texas.