Press Releases

AMI Capital Closes $3 Million Apartment Loan in California

AMI Capital Closes $2.9 Million Loan On Apartments in Dallas

Seventeen Commercial Real Estate Associations Participate in Third Annual Realcomm Technology and E-commerce Conference

GMAC Commercial Mortgage Arranges $24 Million Construction Financing for Virgina Multifamily Complex

AMI Capital Closes $3.7 Million Bridge Loan On Apartments in Austin, TX

GMAC Commercial Mortgage Launches Realpoint

GMAC Commercial Mortgage Selects Visible Markets For Premier CMBS Platform

GMAC Commercial Mortgage Arranges $39 Million Financing for Three Louisiana Hotel Properties

Commercial Mortgage Alert Ranks Sidley & Austin No. 1 Among Law Firms Active in Public Commercial Mortgage-Backed Securities Market in 2000
Greenspoint Technology Center Financed With $24.3 Million Loan Arranged by Holliday Fenoglio Fowler
AMI Capital Closes $16.6 Million Loan On Apartments in Dallas

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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 09:31 PM CST, Tuesday, September 11, 2001
Commercial News
Commercial Technology News
Ginnie Mae closes $291 mln multifamily securitization

First multifamily deal issued under Ginnie Mae's REMIC program March 29

Rate This One

Recent commercial mortgage industry ratings actions March 27

Lagging indicator

Coalition for Affordable Rental Housing urging Congress to raise limit on FHA-insured multifamily loans by 25% and provide additional allowances for high-cost areas March 24

First Union,
Bank of America
arrange $1.3 bln CMBS

Loan portfolio was 30.4% multifamily mortgages, 29.3% office buildings loans & 16.4% anchored retail space mortgages March 23

Real Estate Stocks
Outpace Market

Commercial real estate performance is expected to hold steady through current troubled times in stock market March 21

HUD Will Raise
Loan Limits for
Apartment Projects

HUD estimates change will allow for an extra $300 million in construction of 3,000 more units in high-cost areas March 21

Apartment Builders
Set Sights On
Downtown L.A.

Long-Shunned City Core Is Winning The Attention of Some Big Developers March 14
(subscription required)

Prudential Originates
$32 Million Loan

Mortgage secured by 3 Calif. industrial properties w/state-of-the-art big-box warehouse/distribution facilities March 6

AMI Capital Closes
1.8 Million Loan

189-unit seniors apartment community located in Las Vegas has debt service coverage of 1.30 times March 6

Prudential Mortgage Capital Originates
$20 Million Loan

Security is a 100% leased, five-story property located in Redwood City, Ca February 27

Blum CB Corp to acquire
CB Richard Ellis

Transaction priced at $16 per share in cash February 26

Glimcher Realty Trust Closes on Two
Permanent Mortgages

Wal-mart anchored retail property located in Ohio financed for $5.95 mil February 20

FHA Sells Multifamily &
Healthcare Mortgages

Sale of loans nets HUD $94 million February 15

Equity Residential
Reports 2000 Results

$36.7 million in overstated gains during the first nine months of 2000 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% February 13

Fitch Affs Commercial
Mtge Acceptance Corp
Series 1998-2

Pool has continued to have many loans of concern February 13

The Week In
Commercial Lending

A glance at the week ended
February 10th February 12

Commercial real estate bubble begins to deflate

Office rates have leveled off in Silicon Valley 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 February 8

MBA Holds Commercial Finance Conference

Commercial real estate finance/multifamily housing convention being held in San Diego 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 February 5

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

155-unit Courtyard in Milpitas, CA 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 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 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 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 January 30

Commercial real estate:
Stuffing the pipeline

South Florida commercial real estate market forecast January 29

Commercial Investors Financial Commences Operations

Commercial real estate lending and investment company formed by group of real estate banking and investment professionals 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 January 25

Nationwide Reports 2000 Earnings and First Quarter Dividends

Net income for health care REIT was $63.5 million 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 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 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 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 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 January 16

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

Loan-to-value 80%; debt service coverage 1.57x 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 January 14

Last-Minute Financing Kept Prime Retail Afloat

Outlet mall REIT sold four top properties as part of financing deal 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 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 January 10

GMAC Commercial Mortgage's Hospitality Industry Division Arranges $36 Million Financing of Eight-Property Hotel Portfolio 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 January 10

Real estate giant adds apartment brokerage

Cushman & Wakefield Inc. has acquired The Apartment Group 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 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 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 January 3

Shakeout alters real estate market

Old economy companies finding better deals now than last year January 3

Real estate's glow endures

Denver area report predicts overall strength in the apartment, industrial, office and retail markets January 3

CMBS Servicing Grew Modestly In Third Quarter

Quarterly survey of 10 largest commercial mortgage-backed securities servicers conducted by MBA 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 December 4

Commercial Mortgage
Firms Must Enter
'C-Commerce' Era

MBA white paper on e-commerce March 12

S&P Acquires
Charter Research

Purchase enables S&P to provide credit risk management services to commercial mortgage market February 15

Commercial Mortgage Technology's Future

Panel discusses what to expect in real estate finance technology February 6

Tech Talk

Industry executives talk about application service providers February 6

Precept Unveils Revolutionary Mortgage Origination System

Company to auction right to fund loans to large number of commercial mortgage lenders 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 February 5

Broker Sidesteps the Industry Fallout

Company seeks to marry Web-based technology with the human touch 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 January 31

Advanced Commercial Mortgage Origination System Completed

Precept About to Unveil Innovative Commercial Mortgage System January 23

Basis100 Signs Commercial Deal with GMAC-Residential Funding Corp

Basis100's Solimar Valuation Technology to provide automated valuation services for GMAC unit 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 January 9

Software Streamlines Commercial Real Estate Loan Process

Bluewire enables users to streamline and automate key aspects of the entire loan process November 13

Viva Announces $17.3 mil Strategic Investment Led By Apartment REIT Consortium's "reverse listing" enables renters to put themselves on market & receive rental offers from properties November 6

Companies Combine, Offer New Technology in Commercial Loan Servicing

Midland Loan Services Inc has joined forces with Univest Financial Group LLC November 2

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

West Coast Commercial Mortgages closed by October 30

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

Press release from CyberLoan 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 October 10

Two Online Mortgage Brokers Abandon Direct Businesses

CapitalThinking & may leave online commercial lending to people September 27

'Technophobic' Commercial Real Estate Industry Poised to Improve Shareholder Value Through Efficient Web-Enabled Business Processes, Says E&Y Study September 21 Announces Free Commercial Real Estate Calculators

Calculators to help determine office and retail space needs and analyze commercial real estate transactions September 18

Real-Estate Brokerages Debate The Merits of Online Services

3 property-services firms have banded together to invest in online initiatives August 23
(subscription required)

LoopNet Establishes Regional Sales Force, Hires Seven Commercial Real Estate Veterans August 14

Online Commercial Mortgage Originations Gel

Heavyweights like Morgan Stanley Dean Witter can originate commercial mortgages June 8


Real Estate Finance Industry to Benefit from Products and Services Of New Corporation 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 February 23 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 November 15

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