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Breaking News From The Wire

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.




Last Updated 09:28 PM CST, Tuesday, September 11, 2001
Commercial News
Commercial Technology News
Prudential Mortgage Capital Originates
$20 Million Loan

Security is a 100% leased, five-story property located in Redwood City, Ca

Yahoo.com February 27

Blum CB Corp to acquire
CB Richard Ellis

Transaction priced at $16 per share in cash

MortgageDaily.com February 26

Glimcher Realty Trust Closes on Two
Permanent Mortgages

Wal-mart anchored retail property located in Ohio financed for $5.95 mil

Yahoo.com February 20

FHA Sells Multifamily &
Healthcare Mortgages

Sale of loans nets HUD $94 million

HUD.gov February 15

Equity Residential
Reports 2000 Results

$36.7 million in overstated gains during the first nine months of 2000

Individual.com February 15

S&P Assigns Prelim
Rtgs to GS Mortgage
2001-GSFL IV

$465.95 mil cert secured by five 1st mortgages with a weighted average ending LTV of 60.1%

Individual.com February 13

Fitch Affs Commercial
Mtge Acceptance Corp
Series 1998-2

Pool has continued to have many loans of concern

Marketwatch.com February 13

The Week In
Commercial Lending

A glance at the week ended
February 10th

MortgageDaily.com February 12

Commercial real estate bubble begins to deflate

Office rates have leveled off in Silicon Valley

Yahoo.com February 10

CB Richard Ellis Reports Record Results for
Fourth-Quarter 2000

4th quarter net earnings $20.9 million, 23% more than same period in 1999

Yahoo.com February 8

MBA Holds Commercial Finance Conference

Commercial real estate finance/multifamily housing convention being held in San Diego

MortgageDaily.com February 5

Ernst & Young Real Estate Practice Releases Commercial Mortgage Backed Securitization Update 2000-2001

Global market seems to provide clearest growth engine for CMBS in years ahead

Yahoo.com February 5

GMAC Commercial Mortgage Arranges $30 Million in Permanent Financing for Two California Hotel Properties

155-unit Courtyard in Milpitas, CA

Yahoo.com February 1

Fitch Affirms GMAC's $1.3B 1999-C1 P-T Certificates

2.4% of the pool, in special servicing;
weighted-average DSCR is 1.52 times (x) up from 1.45x at origination

Yahoo.com January 31

S&P Raises and Afms
Rtgs on Chase Com Mtg
Corp 1996-1

Actions reflect a collateral pool that had paydowns resulting in higher subordination levels for rated classes

Yahoo.com January 31

GMAC Commercial Mortgage Ranked No. 1 in Basic FHA Loan Origination in Latest Listing

The company closed 77 commercial FHA loans totaling $440 million

Yahoo.com January 31

S&P Affirms GMAC Commercial Mortgage Corp Strong Rank

Action reflects strengths of computer systems, procedures, management team, internal controls, and CMBS special servicer accomplishments

PRnewswire.com January 30

Commercial real estate:
Stuffing the pipeline

South Florida commercial real estate market forecast

MiamiHerald.com January 29

Commercial Investors Financial Commences Operations

Commercial real estate lending and investment company formed by group of real estate banking and investment professionals

PRnewswire.com January 26

The Bank of New York Announces Commercial Mortgage Backed Trustee Servicing Capabilities

Recent addition of experienced CMBS personnel enables Bank to offer mortgage Securitizatons service

PRnewswire.com January 25

Nationwide Reports 2000 Earnings and First Quarter Dividends

Net income for health care REIT was $63.5 million

PRNewswire.com January 23

AMI Capital Closes $10.6 Million Apartment Loan in Cincinnati

Fannie Mae refinance loan has loan-to-value of 80% and debt service coverage of 1.25x

Yahoo.com January 22

AMRESCO Capital Trust Announces Sale of Commercial Mortgage-Backed Securities

$16.5 mil sale leaves investment portfolio comprised of 5 mortgage loans & 1 real estate equity investment

PRnewswire.com January 18

Fitch Downgrades
FSA Finance, Inc.'s $86.4MM Cl C Ctfs

Pool of factory outlet and community retail centers loans downgraded due to deteriorating property performance

Individual.com January 16

S&P Raises Rating on Chase Commercial Mortgage Securities Corp. 1998-SN1

Pool has experienced significant loan payoffs, and weighted average debt service coverage increased to 1.94x from 1.30x at issuance

PRNewswire.com January 16

AMI Capital Closes $3.3 Million Loan On Apartments in Kentucky

Fannie Mae DUS loan has loan-to-value of 80% & debt service coverage of 1.25

Individual.com January 16

AMI Capital Closes $1.8 Million Acquisition Loan On Apartments in Burbank, CA

Loan-to-value 80%; debt service coverage 1.57x

Individual.com January 15

Store Closures May Chill Real Estate

Analysts predict retail vacancy rates will climb, new store construction will fall and retail rent prices will level off over next six to 12 months

Yahoo.com January 14

Last-Minute Financing Kept Prime Retail Afloat

Outlet mall REIT sold four top properties as part of financing deal

AltaVista.com January 14

AMI Capital Closes $3.8 Million Bridge/acquisition Loan On Student Apartments in Davis, CA

Loan-to-value was 80 percent stabilized, and debt service coverage was 0.66 initially and 1.05 stabilized

Marketwatch.com January 12

High-Yield Lenders Will Play An Expanded Role As Real Estate Industry Slows In The Coming Months

Lenders like SWH Funding provide commercial mortgage loans when conventional financing is not an option

REbuz.com January 10

GMAC Commercial Mortgage's Hospitality Industry Division Arranges $36 Million Financing of Eight-Property Hotel Portfolio

Individual.com January 10

AMI Capital Closes $4.5 Million Bridge Loan On Student Apartments in Tucson

Loan-to-value was 80%, and debt service coverage was 1.16 times

Individual.com January 10

Real estate giant adds apartment brokerage

Cushman & Wakefield Inc. has acquired The Apartment Group

OrlandoSentinel.com January 10

AMI Capital Closes $18.7 Million Apartment Loan in Georgia

FHA 221(d)4 loan has debt service coverage of 1.33 times and loan-to-cost of 90 percent

Marketwatch.com January 9

AMI Capital Closes $7.5 Million Apartment Loan in Oklahoma

Fannie Mae DUS loan rate was 8.0%, with an LTV of 89.5 percent and debt service coverage of 1.15

Marketwatch.com January 4

GMAC Commercial Mortgage Arranges $165 Million Financing for Industrial Property Portfolio

Financing for properties in New York state consists of floating and fixed-rate funding

Individual.com January 3

Shakeout alters real estate market

Old economy companies finding better deals now than last year

CNBC.com January 3

Real estate's glow endures

Denver area report predicts overall strength in the apartment, industrial, office and retail markets

DenverPost.com January 3

CMBS Servicing Grew Modestly In Third Quarter

Quarterly survey of 10 largest commercial mortgage-backed securities servicers conducted by MBA

MortgageDaily.com December 7

MBA And CMSA Form Joint CMBS Loan Documentation Integrity Task Force

Task force plans to address problems arising from incomplete or defective loan files

MortgageDaily.com December 4

S&P Acquires
Charter Research

Purchase enables S&P to provide credit risk management services to commercial mortgage market

MortgageDaily.com February 15

Commercial Mortgage Technology's Future

Panel discusses what to expect in real estate finance technology

MortgageDaily.com February 6

Tech Talk

Industry executives talk about application service providers

MortgageDaily.com February 6

Precept Unveils Revolutionary Mortgage Origination System

Company to auction right to fund loans to large number of commercial mortgage lenders

Marketwatch.com February 5

S&P, Precept Partner to Analyze Commercial Mortgage Loans

Because S&P analyzes loans at origination, no additional evaluation needed when loans securitized

Yahoo.com February 5

Broker MortgageRamp.com Sidesteps the Industry Fallout

Company seeks to marry Web-based technology with the human touch

WSJ.com February 1
(subscription required)

New Technology to Address Evolving Role of Commercial Mortgage Bankers

Precept unveiling commercial mortgage system that provides one common platform for all players in transaction

PRNewswire.com January 31

Advanced Commercial Mortgage Origination System Completed

Precept About to Unveil Innovative Commercial Mortgage System

REbuz.com January 23

Basis100 Signs Commercial Deal with GMAC-Residential Funding Corp

Basis100's Solimar Valuation Technology to provide automated valuation services for GMAC unit

PRnewswire.com January 23

GMAC Commercial Mortgage Deploys Silanis Electronic Signatures Across Entire Company

Software utilized to electronically sign internal documents, such as credit memos and expense reports

Individual.com January 9

Software Streamlines Commercial Real Estate Loan Process

Bluewire enables users to streamline and automate key aspects of the entire loan process

Globest.com November 13

Viva Announces $17.3 mil Strategic Investment Led By Apartment REIT Consortium

Viva.com's "reverse listing" enables renters to put themselves on market & receive rental offers from properties

Marketwatch.com November 6

Companies Combine, Offer New Technology in Commercial Loan Servicing

Midland Loan Services Inc has joined forces with Univest Financial Group LLC

Globest.com November 2

LoopLender Closes More Than $28 Million in Commercial Real Estate Transactions During Last 45 Days

West Coast Commercial Mortgages closed by LoopNet.com

Individual.com October 30

CyberLoan R/E Loan Application Volume Tops $1 Billion in September

Press release from CyberLoan

CyberLoan.com October 12

GMAC Commercial Mortgage Selects Microsoft and Intel to Provide Server Platform for MortgageRamp

MortgageRamp brings together lenders, brokers, borrowers, vendors, appraisers, inspectors and engineers to interact & exchange information

PRNewswire.com October 10

Two Online Mortgage Brokers Abandon Direct Businesses

CapitalThinking & Redbricks.com may leave online commercial lending to people

WSJ.com September 27

'Technophobic' Commercial Real Estate Industry Poised to Improve Shareholder Value Through Efficient Web-Enabled Business Processes, Says E&Y Study

Individual.com September 21

findAspace.com Announces Free Commercial Real Estate Calculators

Calculators to help determine office and retail space needs and analyze commercial real estate transactions

Individual.com September 18

Real-Estate Brokerages Debate The Merits of Online Services

3 property-services firms have banded together to invest in online initiatives

WSJ.com August 23
(subscription required)

LoopNet Establishes Regional Sales Force, Hires Seven Commercial Real Estate Veterans

Marketwatch.com August 14

Online Commercial Mortgage Originations Gel

Heavyweights like Morgan Stanley Dean Witter can originate commercial mortgages

MBAA.org June 8

MBA LAUNCHES TECHNOLOGY VENTURE

Real Estate Finance Industry to Benefit from Products and Services Of New Corporation

MBAA.org March 22

An innovative commercial mortgage Web site plans to go live this year, providing a framework that could close a commercial mortgage in 30 days and give lender approval in 30 seconds

MBAA.org February 23

Redbricks.com is Delivering Commercial Real Estate Financing and Services at Internet Speed

New Web Site Features Access To Over 20 National Lenders, Instant Quotes, Market Reports

PRNewswire.com November 15

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