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A government crackdown on a for-profit college accreditation agency last month has increased the default risk of $400.6 million in CMBS loans backed by for-profit colleges, a new report from Morningstar Credit Ratings shows.
Independent Bank has provided a $25.77 million acquisition loan to Taurus Investment Holdings on the 220,693-sq ft Pyramid office building in San Antonio, according to property records.
Since starting its balance sheet lending in 2012, the real estate investment firm has provided bridge loans and preferred equity investments to 61 multifamily properties across the US, including student and senior housing.
US regional banks are winning the greatest share of CRE originations as CMBS falters. New York Community Bank is a small fish in a big pond. Specialising in multifamily loans in New York City, the bank can’t compete with the likes of Wells Fargo or JPMorgan on Manhattan’s prime assets, lending instead on small- to […]
JPMorgan Chase has provided a $60 million loan to Sterling Organization on its 661,156 sq ft Windsor Square Shopping Center property in a suburb of Charlotte, North Carolina. The proceeds from the 10-year fixed-rate loan paid off a maturing CMBS loan, according to HFF, which arranged the deal.
Walker & Dunlop has provided a $469 million financing to Cortland Properties on 13 of its multifamily properties in Texas, Georgia and Florida.
Kroll Bond Rating Agency (KBRA) noted in its monthly report that overall CMBS deal volume has increased the last three months, while the strong credit worthiness throughout the conduit market the third quarter may deteriorate.
Capital One Multifamily Finance has provided an $89.25 million Freddie Mac loan to the company that owns the housing community Windsor Park in Queens, New York City.
Damage from falling oil prices to the Houston, Texas office market has intensified, which could continue to deter lenders from America’s energy capital.
Obama and Castro’s detente opens opportunity for US real estate investors, reports Justin Slaughter.

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