Archive for Capital Markets
CMBS Multifamily Delinquencies Close to 9 Percent
In February, the multifamily delinquency rate climbed to a record high of 9.97 percent, according to Fitch Ratings. However, some markets including Nevada, Tennessee, and Florida have delinquency rates in the 20 percent range. While other markets like Washington have a delinquency rate of less than 0.1 percent.
The combined delinquency rate across all asset [...]
Is Commercial Real Estate Getting Better or Worse?
According to a recent report from Moody’s, commercial real estate prices increased 4.1 percent in December 2009. This is the second consecutive price increase in as many months and the single largest monthly increase in the history of the CPPI. However, prices are still 29.2 percent lower than they were one year ago, and 40 [...]
Read moreThe Potential Coming Storm in Commercial Real Estate
Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg’s Betty Liu about the potential coming storm in commercial real estate due to the erosion of market fundamentals, the overbuilding of projects in several areas of the country, and the losses community and regional banks face on these projects.
Read moreNearly Half of the $1.4 Trillion of Commercial Loans Maturing by 2014 are Under Water
According to a report written by the Congressional Oversight Panel, nearly $700 billion of loans set to mature by 2014 owe more than the properties securing them are worth. The fear is that the ripple effect of the potential defaults could cause a scenario where hundreds more community and mid-sized banks face insolvency.
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Investors Acquiring Bad Debt
Industry investors report that the distressed debt market is more active now than it has ever been, and believe that this is just the beginning. Most expect to see an increase in the acquisition of bad debt by investors for several years to come.
Read the entire article here: http://www.costar.com/news/Article.aspx?id=8DD8CC71CB7EDC442ACAA46DA855B1E9
Commercial Mortgage Origination Activity Continues Uptick
Commercial mortgage origination volumes rose in the fourth quarter by 12 percent when compared to a year ago and 15 percent from the third quarter, indicating that capital might be starting to creep back into the market.
Read the entire article here: http://www.crenews.com/index.php?option=com_content&task=view&id=64155&Itemid=128
Mission Capital Offers $180.4Mln Portfolio of Troubled Commercial Loans
Mission Capital is offering a portfolio of $180.4 million of distressed commercial real estate loans on behalf of a bank client.
Read the full article here: http://www.crenews.com/index.php?option=com_content&task=view&id=64163&Itemid=128
Commercial Real Estate Lenders Looking to Rebuild Portfolios
The distressed commercial real estate market has made it difficult for potential property owners and opportunistic investors to secure funding for new deals, as widespread losses on such assets have led banks to shy away from extending credit in recent months. But according to new data from Jones Lang LaSalle, that tide appears to have [...]
Read moreCarlton Markets 28-State Loan Pool
NEW YORK CITY-The latest in what has become a series of sizeable pools of loans marketed by the Carlton Group is among the most geographically diverse: 478 loans totaling $257 million in unpaid balances and spread across 28 states. “There are very few pools that are this broad out there in the market,” managing director [...]
Read moreLenders Foresee Big Increase in Loan Volume
LAS VEGAS-The tide appears to have turned in at least one segment of the capital markets as an increasing number of lenders to the commercial real estate sector predict loan production will increase this year. Some 43% of the lenders who participated in a recent survey by Jones Lang LaSalle said that they expect their [...]
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