CMBS delinquency rate down in August, but ominous conditions remain
Some of the cures were the result of short-term remedies and could reverse as relief measures end.
Commercial real estate lending
Lenders flowing back into CRE CLO market
A three-month drought in CRE CLO issuance came to an end this week with new deals from Exantas and A10 Capital.
By
Glen Fest
Does Congress have cure for what’s ailing CRE borrowers?
Many commercial property owners are locked out of existing coronavirus relief by financing terms that bar them from taking new loans. Under a House bill, they would receive government-backed equity investments.
The pandemic’s CRE domino effect
As revenue-starved retailers fall further behind on rent payments, landlords' cash flow will be strained, and defaults on commercial real estate loans could rise.
Will coronavirus permanently change CRE lending?
Commercial real estate lenders have to consider not only how they’ll weather the COVID-19 downturn, but whether worker and consumer habits have changed for good.
Lenders back push from hotels to access crisis-era program
With seven in 10 rooms sitting empty amid the coronavirus outbreak, hotel and banking groups are urging policymakers to open up the Term Asset-Backed Securities Loan Facility.
CRE debt outstanding hits crisis-era high as new uncertainties set in
Add continued growth in commercial and multifamily mortgage debt outstanding to the list of things that the economic fallout from the coronavirus might affect.
S&P: CMBS delinquency rates declined in February
The falling rates continue a three-year trend of improving performance across numerous commercial mortgage sectors including multifamily, office and retail.
By
Glen Fest
Black Knight creates model to measure CMBS prepayment risk
Black Knight introduced a model to gauge prepayment speeds and credit risk for investors that purchase commercial mortgage-backed securities.
CMBS delinquency rate reaches its lowest point since early 2009
The delinquency rate for commercial mortgage-backed securities ended 2019 at its lowest point in nearly 11 years, aided by increased issuance and the resolution of legacy transactions, Fitch Ratings said.
CRE meets AI in fintech’s tool for lenders
Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.
As demand soars, multifamily mortgage originations should break record
Behind strong job markets, the shortage in housing supply and more millennials moving out, 2019 projects to be a record year for multifamily originations.
Peril and promise in lending to retailers
Brick-and-mortar retail isn’t dead yet. Though the trend of retailers closing stores in the face of stiff competition from e-merchants is certainly troubling to commercial real estate lenders, it would be a mistake to conclude that all retail loans are risky. Here's a look at which ones are the safest and, potentially, the scariest.
By
Andy Peters
Freddie Mac executes first ever non-LIHTC deal
Freddie Mac issued its first non-low-income housing tax credit forward commitment, providing financing for an affordable housing development in Minnesota.
SITE taps CMBS to finance sale of stake in 10 shopping malls
A joint venture between the REIT and two Chinese investors obtained a $364 million five-year, fixed-rate loan on the portfolio from Column Financial.
Regulators propose new capital treatment for higher-risk CRE exposures
The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.
What’s behind the slowdown in CRE lending
Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.
By
Andy Peters
Small banks count on new appraisal rule to boost CRE lending
The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.
By
Andy Peters
CRE borrowers are repaying early, and that’s a problem for banks
Borrowers can get better rates elsewhere, so they're repaying ahead of schedule, leaving banks in the lurch. The steps lenders would have to take to keep the business could be prohibitively expensive.
By
Andy Peters
Spike in construction lending one likely outcome of reg relief
First the House and now the Senate have included provisions in their regulatory relief bills that bankers say would go a long way toward clearing up confusion over how to treat high-volatility commercial real estate loans.
By
Andy Peters
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