CPC, IBM Team Up on Construction Financing Software
The Community Preservation Corp. (CPC), a nonprofit affordable housing lender for the New York City area, is finally getting rid of its spreadsheets.
Seven-Step Strategy for Managing Maturities
One of the biggest challenges facing owners today is managing thier loan maturities. What can you do to position yourself for relief? Here are seven steps suggested by servicers, asset managers, and workout specialists.
New Rule Allows CMBS Modification
THE ISSUE OF CMBS MATURITIES has loomed like a dark cloud throughout the recession.
Corus Bank's $4.5 Billion Loan PortfolioSold
A consortium managed by Starwood Capital Group has acquired a 40 percent stake in a limited liability company that will hold an estimated $4.5 billion in troubled construction loans and real estate-owned assets the federal government seized in September from Chicagobased Corus Bank.
The Mother of Invention
A YEAR LIKE 2009 FORCED MANY DEALMAKERS TO THINK OUTSIDE OF THE BOX.
For the struggling CMBS industry, the medicine may be just as bad as the disease.
New Orleans—HRI Properties has broken ground on Bonne Terre Village II, a 50,962-square-foot senior living apartment community primarily for those displaced as the result of Hurricanes Katrina and Gustavo.
MBS is the New Black
SECURITIZATION IS EVERYTHING for the government-sponsored enterprises. Investor interest in the Fannie Mae Mortgage Backed Securities (MBS) program continues to heat up, lowering spreads and driving more competition between the agencies.
Freddie Mac to Intro Single-Loan CME Program
FREDDIE MAC IS WORKING ON a single-loan securitized product for a rollout later this year, an outgrowth of its Capital Markets Execution (CME) program.
Reaching Their Limits
AS THE GOVERNMENT-SPONSORED enterprises (GSEs) continue to dominate the multifamily lending arena, many institutional lenders are shying away from new originations.