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Ginnie Mae closes $291 mln multifamily securitization
First multifamily deal issued under Ginnie Mae's REMIC program
Yahoo.com March 29
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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
Marketwatch.com March 24
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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
Yahoo.com March 23
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Real Estate Stocks
Outpace Market
Commercial real estate performance is expected to hold steady through current troubled times in stock market
RealtyTimes.com March 21
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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
CNNfn.com March 21
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Apartment Builders
Set Sights On
Downtown L.A.
Long-Shunned City Core Is Winning The Attention of Some Big Developers
WSJ.com March 14
(subscription required)
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Prudential Originates
$32 Million Loan
Mortgage secured by 3 Calif. industrial properties w/state-of-the-art big-box warehouse/distribution facilities
Yahoo.com March 6
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AMI Capital Closes
1.8 Million Loan
189-unit seniors apartment community located in Las Vegas has debt service coverage of 1.30 times
Yahoo.com March 6
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Prudential Mortgage Capital Originates
$20 Million Loan
Security is a 100% leased, five-story property located in Redwood City, Ca
Yahoo.com February 27
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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
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FHA Sells Multifamily &
Healthcare Mortgages
Sale of loans nets HUD $94 million
HUD.gov February 15
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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
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Commercial real estate bubble begins to deflate
Office rates have leveled off in Silicon Valley
Yahoo.com February 10
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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
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GMAC Commercial Mortgage Arranges $30 Million in Permanent Financing for Two California Hotel Properties
155-unit Courtyard in Milpitas, CA
Yahoo.com February 1
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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
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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
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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
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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
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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
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Nationwide Reports 2000 Earnings and First Quarter Dividends
Net income for health care REIT was $63.5 million
PRNewswire.com January 23
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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
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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
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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
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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
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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
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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
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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
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Last-Minute Financing Kept Prime Retail Afloat
Outlet mall REIT sold four top properties as part of financing deal
AltaVista.com January 14
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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
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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
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GMAC Commercial Mortgage's Hospitality Industry Division Arranges $36 Million Financing of Eight-Property Hotel Portfolio
Individual.com January 10
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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
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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
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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
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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
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Shakeout alters real estate market
Old economy companies finding better deals now than last year
CNBC.com January 3
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Real estate's glow endures
Denver area report predicts overall strength in the apartment, industrial, office and retail markets
DenverPost.com January 3
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CMBS Servicing Grew Modestly In Third Quarter
Quarterly survey of 10 largest commercial mortgage-backed securities servicers conducted by MBA
MortgageDaily.com December 7
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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
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Commercial Mortgage
Firms Must Enter
'C-Commerce' Era
MBA white paper on e-commerce
MBAA.org March 12
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S&P Acquires
Charter Research
Purchase enables S&P to provide credit risk management services to commercial mortgage market
MortgageDaily.com February 15
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Precept Unveils Revolutionary Mortgage Origination System
Company to auction right to fund loans to large number of commercial mortgage lenders
Marketwatch.com February 5
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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
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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
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Advanced Commercial Mortgage Origination System Completed
Precept About to Unveil Innovative Commercial Mortgage System
REbuz.com January 23
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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
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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
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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
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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
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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
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'Technophobic' Commercial Real Estate Industry Poised to Improve Shareholder Value Through Efficient Web-Enabled Business Processes, Says E&Y Study
Individual.com September 21
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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)
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Online Commercial Mortgage Originations Gel
Heavyweights like Morgan Stanley Dean Witter can originate commercial mortgages
MBAA.org June 8
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MBA LAUNCHES TECHNOLOGY VENTURE
Real Estate Finance Industry to Benefit from Products and Services Of New Corporation
MBAA.org March 22
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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
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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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