The former Publix Hotel will be renovated into market-rate housing for $26 million after sitting vacant for years. More
Berkadia Commercial Mortgage has acquired multifamily sales and investment firm Hendricks & Partners. More
Many Fannie, Freddie, and FHA lenders are now building up thier life company correspondent relationships both to offer customers more choices, and to protect themselves against the uncertainty surrounding the GSEs. More
Several multifamily lenders, including Wells Fargo, Berkadia, and BB&T Real Estate Funding, are ramping up their non-recourse bridge loan programs in anticipation of growing demand. More
Over the past month, both Berkadia and Walker & Dunlop made moves to tie loan originations to investment sales platforms, following the lead of Wells Fargo and CWCapital. More
Multifamily borrowers should start preparing now to live in a world with no GSEs by diversifying thier relationships, going long-term, and modeling more conservative exit strategies. More
Though the yield on the 10-year Treasury has risen about 80 basis points in the past two months, LIBOR has remained low, causing borrowers to explore adjustable-rate executions. More
The GSEs are beginning to hear footsteps at their back as insurance companies re-engage the market with higher leverage levels and improved pricing. More
Berkadia and Walker & Dunlop recently opened their CMBS platforms, KeyBank and Marcus & Millichap closed their first CMBS loans in ages, plus several encouraging signs are gathering for the sector. More