SAN DIEGO (February 12, 2024) – Commercial and multifamily mortgage loan originations declined 25% year over year in the fourth quarter of 2023 and increased 13% from the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial and Multifamily Mortgage Bankers released today at the 2024 Commercial & Multifamily Finance Convention & Expo.”Borrowing and lending secured by commercial real estate remained weak to close out 2023,” said Jamie Woodwell, MBA's head of commercial real estate research. “The fourth quarter saw a slight recovery from the previous quarter, as is customary, but was still about…
Author: Private Lending Agent
Share SAN DIEGO (February 12, 2024) – Of the $4.7 trillion in outstanding commercial mortgages held by lenders and investors, 20% ($929 billion) will mature in 2024, up 28% from the $729 billion that matured in 2023, according to the 2023 Commercial Real Estate Loan Maturity Volume Study released today by the Mortgage Bankers Association at the 2024 Commercial/Multifamily Finance Convention & Expo.”The lack of transactions and other activity last year, combined with built-in extension options and lender and servicer flexibility, has resulted in many loans that were scheduled to mature in 2023 being extended or modified so that they…
Market trend 2023 marked a turning point for market sentiment as the CRE industry faced high interest rates, geopolitical instability, and the threat of an economic downturn. These factors affecting liquidity led investors to remain cautious and delayed decision-making. Despite the economic pressures, asset-based financing vehicles such as CRE CLOs have shown resilience and performed well in a high interest rate environment. CRE CLOs contain floating rate loans and are actively managed, allowing sponsors or collateral managers to typically add new loans or remove non-performing loans. This flexibility is one of the reasons why CRE CLOs have outperformed conduit transactions.…
Have you noticed that home prices in the eastern suburbs of Raleigh are much cheaper than home prices on the west side of Raleigh? There are lots of reasons why, and today I want to show you all of them. Now that you understand why house prices are cheap in the Eastern Suburbs, consider your future plans and think about how long they might remain cheap for. The Eastern Suburbs of Raleigh are an average of $200,000 cheaper than the Western Suburbs!! In this video we explain in detail why. Location determines price Take a look at this graph: Average…
The best view of New York City might come from a nearly windowless conference room on the 12th floor of an office building in Midtown Manhattan.Spread across 10 folding tables, the maps are held together with paper, tape and sticky notes and detail every block and lot (27,649 properties) in Manhattan below 96th Street on the East Side and 110th Street on the West Side.The map is the work of Bob Nakal, who created it by walking every thoroughfare and street during the desolate first months of the pandemic.Updated regularly, parcels are color-coded with highlighters and sticky notes to indicate…
In the heart of West Chester, Pennsylvania, a historic 19th century bank building stands as a testament to the city's rich heritage. But over time, its grandeur had faded, and it was waiting for a visionary to breathe new life into the building — none other than Fabio Viviani, a celebrity chef renowned for his culinary prowess and engaging personality. The journey began when trusted commercial real estate firm Pillar Real Estate Advisors sold the bank building to ConWal Development. Recognizing the potential of this neoclassical building, ConWal tapped Pillar’s expertise to find a tenant who could restore it to…
Whether you run a small donut shop or a digital advertising agency in Florida, having the right small business insurance is important for your business. You should determine your coverage based on the size and industry of your business. Here are some common types of small business insurance: Florida Liability Insurance General liability insurance covers accidental bodily injury and property damage your small business causes to others. It also covers claims for copyright infringement, libel, and slander. General liability insurance also pays for legal expenses, such as attorneys' fees, settlements, and judgments. Florida Professional Liability Insurance Professional liability insurance covers…
Located in the heart of Idaho, Meridian is a testament to the beauty and charm of the Gem State. With diverse attractions, housing options, economic opportunity and a rich history, Meridian attracts visitors and residents alike. Area destinations Meridian offers many beautiful destinations to attract outdoor enthusiasts and nature lovers. The city is surrounded by breathtaking scenery, including the majestic Boise National Forest, where you can enjoy hiking, camping and fishing. The nearby Snake River offers thrilling rafting adventures, and the Bogus Basin attracts skiers and snowboarders to its pristine slopes in the winter. In addition to these popular spots,…
Eric Jesse of Lowenstein Sandler's Insurance Recovery Group discusses the current state of the real estate insurance market and offers three tips companies can use to make commercial property a more attractive risk to insurers.Eric Jesse: Hello, this is Eric Jesse with the Insurance Recovery Group at Lowenstein Sandler, and welcome to “In the Know.”Today, we'll discuss the current state of the P&C insurance market and three ways companies can become an attractive risk to insurers. Commercial property insurance is a core coverage for businesses. It protects a business's buildings and structures, the real property, equipment and other personal property…
“The only way an investor can achieve sustained outperformance relative to the market and their peers is if they have the unique ability to discover important facts that are barely known by anyone else.” — Mark J. Higgins, CFA, CFP, CFA Institute Great investors have an uncanny ability to spot undervalued stocks – the hidden gems. They spot market-beating stocks that most investors completely overlook. The housing market is not the stock market, but some investors jump on the best deals others miss, and they use data solutions to do so. In this article, we explore why solutions powered by…