Commercial Mortgage Stories

Commercial Mortgage Technology

Criimi Mae Submits Reorganization Plan Two largest creditors to provide new loans totaling an estimated $380 million WashingtonPost.com December 24 Lend Lease becomes a powerhouse in the U.S. Property Investment Giant Swiftly Builds Its Lineup to Become a Powerhouse WSJ.com December 22 (subscription required) Multifamily Financing Announcement: Tribeca Pointe American Property Financing is the Fannie Mae Delegated Underwriting Servicing (DUS) lender handling this New York 42-story residential apartment property FannieMae.com December 16 Multifamily Financing Announcement: Union Square South American Property Financing is the Fannie Mae Delegated Underwriting Servicing (DUS) lender handling this New York multifamily property FannieMae.com December 16 DCR Lowers Amresco, Inc.'s Senior Subordinated Debt Rating to 'B-' from 'B+' Company will be a much smaller, niche focused commercial finance company with a significant level of debt after sale of assets to Lend Lease AOL.com December 14 DCR Addresses Evolution of Small Multifamily and Commercial Loans Duff & Phelps Credit Rating Co. has expanded its original research on small multifamily and commercial loans PRNewswire.com December 13 Prime Retail Refinances Prime Outlets at Williamsburg With $42.5 Million Loan Facility 2 year balloon rate at 30-day LIBOR plus 2.5%& requires monthly interest-only payments PRNewswire.com December 9 Australia's Lend Lease Buys 5 Amresco Businesses For $257.5 Million The combined businesses have approximate earnings (before interest, tax, depreciation and amortization) of $29.7 million AOL.com December 9 Aetna Comm Mtg Trust Ser 1997-ALIC Cls B, C Upgraded The year-end 1998 weighted average debt service coverage ratio for those loans with financial statements was 1.42 times (x) compared to 1.21x at closing FITCHIBCA.com December 9 Macerich SCG Fndg Commercial Mtg P-Ts Ser 1996-C1 Upgraded The rating upgrades reflect the overall strong performance of the properties FITCHIBCA.com December 9 HUD ASSUMES OWNERSHIP OF TWO CLEVELAND APARTMENT COMPLEXES NEGLECTED FOR YEARS BY OWNERS HUD.gov December 2 HUD CREATES NEW FEE STRUCTURE FOR "LITE" TRANSACTIONS PERFORMED UNDER THE MARK-TO-MARKET PROGRAM HUD.gov December 2 GMAC Commercial Mortgage Provides a $103 Million Loan for Manhattan Apartment Property PRNewswire.com December 1 Bedford Property Investors Secures $22,150,000 Mortgage Financing 7.95% mortgage from Teachers Insurance and Annuity Association of America secured by properties in three states PRNewswire.com December 1 General Growth Closes $590 Million Loan 1999 Refinancing Program is Now Complete Nonrecourse commercial mortgage-backed security ("CMBS") notes secured by mortgages on malls PRNewswire.com November 30 GMAC Commercial Mortgage Provides $10.5 Million in Financing For Two Suburban Boston Office Properties PRNewswire.com November 16

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 Redbricks.com is Delivering Commercial Real Estate Financing and Services at Internet Speed Individual.com November 15 Quicken.com to Offer Instant Online Loan Approvals for Small Businesses Through LoanWise The Loan Wise service will act as the exclusive provider of small business loans and lines of credit on the Quicken.com site NewsPage.com October 13