By KIMBERLEY HAAS A national commercial real estate firm that provides both financing services and capital markets advisory services is finding success by nurturing business relationships with a full spectrum of lenders. Last year, Eastern Union in New York placed and closed loans with 121 lenders. Its portfolio of loans included financing from 31 new…
By ERIN FLYNN JAY It has been five years since the COVID-19 pandemic shutdowns began, and the commercial real estate sector remains forever changed. On March 11, 2020, the World Health Organization determined COVID-19’s outbreak had reached the level of a pandemic. On March 13, the first Trump administration declared a nationwide emergency and states…
Commercial and multifamily mortgage debt increased in Q3 2024 thanks to a boom in multifamily construction. The Mortgage Bankers Association’s Commercial/Multifamily Mortgage Debt Outstanding quarterly report showed debt rising by $47.7 billion (1%). That puts total debt in these categories at $4.75 trillion. Multifamily drove the push with a 1.4% bump, up $29.8 billion to…
Atlanta-based Trimont, a global CRE loan services provider and partner for lenders, is set to buy the non-Agency third-party servicing segment of Wells Fargo’s commercial mortgage servicing business. The company will take over servicing for around $475 billion of loans. The deal’s terms were not disclosed, but the transaction should be completed in early 2025….
By ERIN FLYNN JAY All eyes are on the office sector as the future of commercial buildings in many cities depends upon its success, but the future isn’t looking too bright. Foreclosure rates on commercial properties have increased 48% from last year, according to a recent report from ATTOM. This rise in foreclosures is part…
By CHUCK GREEN Professional sports stadiums are an anchor for a growing number of real estate developments as teams capitalize on Americans’ desire for all-encompassing experiences. Based on a count from RCLCO Real Estate Consulting, between the National Football League, National Basketball Association, National Hockey League, Major League Baseball, and Major League Soccer, there are…
By KIMBERLEY HAAS The co-founder and CEO of a platform that provides cash flow based financing to real estate entrepreneurs says there are opportunities arising for commercial property owners and managers. Derrick Barker said in a recent interview with The Mortgage Note that he predicts there will be a deleveraging throughout the nation in 2024,…
By ERIN FLYNN JAY and KIMBERLEY HAAS As business models continue to change in the post-Covid economy, some market experts are predicting a commercial real estate crash while others are saying there could be a revival in investment opportunities. Desmond Lachman, an American Enterprise Institute senior fellow, recently wrote that high vacancy rates have already…
By DESMOND LACHMAN Rudi Dornbusch, the late MIT economist, famously observed that economic and financial crises take longer to arrive than you can possibly imagine, but when they do come, they happen faster than you can possibly imagine. Next year, Mr. Dornbusch’s warning could again prove to be prophetic as far as the commercial real…
By SCOTT KIMBLER As business models in major cities have changed in the post-Covid economy, Atlanta is holding its own as companies and commercial property owners rethink the modern workplace. Many companies in the metro Atlanta area have altered the workplace to a hybrid model, a work-from-home model, or even a don’t come in at…
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