Wells Fargo again tops the direct lender list by a wide margin. The firm financed $43.66 billion in commercial real estate loans in 2011—a nearly $7 billion increase over the $36.90 billion in activity… [Full Article]
Category Archives: Real Estate Finance
Interest Rates Down, Leverage Up for Conduit Loans
Apr 23, 2012 10:31 AM, By Bendix Anderson, Contributing Writer
Conduit lenders are competing for investors’ business, offering progressively lower interest rates and larger loans to commercial real estate borrowers, according to worried bond underwriters at Moody’s Investors Service.
“Spreads have come in … some lenders are offering more leverage,” says Tad Philipp, director of commercial real estate research for Moody’s and co-author of a report “U.S. Q1 2012 Review: Q2 Poised to See More Highly Leveraged Collateral Pools, Increased Subordination Levels.” [FULL ARTICLE]
Investor Confidence Surges
Low interest rates, improving fundamentals fuel acquisition plans
http://nreionline.com/MM2011v17.pdf
NCB, FSB Reports $72 Million in New Financing Activity
Apr 10, 2012 6:11 PM, By Betsy Kraat, Contributor
NEW YORK CITY—NCB, FSB (NCB), a federally insured savings bank and a leading lender to cooperative housing throughout the Tri-State area, arranged $72 million in new financing activity during March for 25 New York area properties.
NCB, FSB senior vice president Sheldon Gartenstein originated over $17 million in new loans during March, including a $7.4 million first mortgage for Hudson View Gardens Inc., a 353-unit co-op located at 116 Pinehurst Avenue in Manhattan; a $2.5 million first mortgage and a $500,000 line of credit for a 55-unit co-op located at 157 West 79th Street in Manhattan; and a $2 million… [Full Article]