Finance Q Kentucky Steadfast Income REIT closes $10 million multi-family acquisition in Louisville Steadfast Income REIT, Inc. recently closed the $10.42 million acquisition of Cooper Creek Village Apartments & Townhomes, a 123-unit complex in Louisville, marking the REIT’s second Louisville-area property. In May of 2011, Steadfast acquired Arbor Pointe in the Jeffersontown area of the city.
Finance Midwest CMBS delinquency hits all-time high In July, the delinquency rate for U.S. commercial real estate loans in CMBS shot up 51 basis points to 9.88 percent. This is the highest delinquency rate in the history of the CMBS market. The spike comes after two consecutive drops in the rate for May and June, which was the first back-to-back monthly drop since the credit crisis began in 2008.
Finance Midwest Walker & Dunlop announces co-heads of FHA Finance division Walker & Dunlop has announced that Michelle M. Warner and Edward Q. Williams have been named co-heads of the Company’s FHA Finance division and will be responsible for all aspects of Walker & Dunlop’s FHA Finance program. Ms. Warner joins the Company from Deutsche Bank Berkshire Mortgage, while Mr. Williams has been promoted into his new role.
Finance Midwest CMBS delinquency falls for second straight month For the first time since the credit crisis began in 2008, the CMBS delinquency rate has fallen for two consecutive months, reports Trepp.
Finance Midwest Cohen Financial arranges $11.25M in financing for two apartment properties Cohen Financial has arranged a total of $11.25 million refinancing for two apartment properties located in the Lincoln Park neighborhood of Chicago.
Finance Midwest Harrison Street closes third fund; raises $595M Harrison Street Real Estate Capital LLC (“HSRE”) has completed the final closing of its third real estate private equity fund, Harrison Street Real Estate Partners III, L.P. (HSREP III). The firm received commitments of more than $595 million, exceeding its original goal of $500 million. Investors in the fund include U.S and European pension funds, insurance companies, endowments, foundations and family offices.
Finance Midwest CMBS Delinquency rate retreats from April’s record high The U.S. CMBS delinquency rate fell slightly in May with the percentage of loans 30+ days delinquent, in foreclosure or REO declining 5 basis points to 9.60 percent, according to Trepp LLC’s May 2011 U.S. CMBS Delinquency Report.
Finance Midwest BB&T increases lending portfolio capacity to $800M BB&T Real Estate Funding has increased its portfolio capacity from $400 million to $800 million. This will allow the firm to expand its lending capabilities through Grandbridge Real Estate Capital.
Finance Midwest Investment returns yield moderate gains in 1Q, but fall below 4Q 2010 returns The real estate investment market recorded moderate returns in the first quarter, according to the National Council of Real Estate Investment Fiduciaries, a non-profit trade association that tracks the performance of $256 billion of commercial real estate investments.
Finance v Wisconsin Grandbridge secures $4.8 million loan for Wisconsin multi-family building Grandbridge Real Estate Capital recently originated and closed a $4.8 million first mortgage loan secured by Riverwalk Apartments, a 136-unit residential community located on the Fox River near downtown Waukesha, Wis.
Finance Midwest U.S. CMBS Delinquency Rate worsens in March The U.S. CMBS delinquency rate rose again in March with the percentage of loans 30+ days delinquent, in foreclosure or REO climbing 3 basis points to 9.42 percent, the highest in history for U.S. commercial real estate loans in CMBS.
Finance Midwest Equity Capital Management to Sell up to $625 Million of Net Lease Assets Equity Capital Management (ECM), a commercial real estate company focused on the net lease and sale leaseback sector, announced that it has signed definitive agreements to sell up to $625 million of single tenant office, industrial, and retail properties under long term net lease agreements.
Finance Midwest The Future of Debt – How Quickly We Are Back! Liquidity returns. Today’s buzz-words are “Cash Flow”, “Income in Place”, and “Lease rollover”. Virtually all lenders have returned to the market. Life Insurance Companies, Banks, CMBS (no longer called Conduits) and many public and private Funds are providing capital to real estate, post recession. This is a clear sign that we bottomed out in 2009-10 and the future is bright.
Finance Midwest CB Richard Ellis ranks as top firm for U.S. investment sales activity CB Richard Ellis Group, ranked as the top firm in U.S. investment sales activity in 2010 for commercial property, according to numbers compiled by Real Capital Analytics.