It’s relatively easy to find an apartment loan today. “For almost any apartment deal today, you can find a lender, you usually can find a couple of them,” says Mike Riccio, co-director of national production for CBRE Capital Markets....More
As the economy improves and the volume of distressed properties on the market dwindles, investors may need some help finding places where they can still benefit from discount pricing. RealtyTrac put together a list of markets with the biggest discounts on distressed residential properties.
Retail CMBS loan delinquencies have fallen to their lowest level since 2009, but experts worry that store closings, along with e-commerce, could negatively impact loan performance in the future, especially when borrowers try to refinance....More
The British construction and services company Balfour Beatty has agreed to sell its Parsons Brinckerhoff consulting business to WSP Global for $1.35 billion. Ukraine's ongoing war with pro-Russian separatists and their Moscow benefactors is pushing money out of the region — and into the United States. The Department of Housing and Urban Development is putting 15,000 nonperforming residential loans with an unpaid principal balance of $2.3 billion out to bid. These are among today’s 10 must reads from around the commercial real estate industry....More
During the past 25 years, the alternative lending landscape for commercial real estate has evolved from a handful of qualified entities to a wide range of individuals and institutions vying for today’s situational opportunities....More