Commercial Mortgage News

FASB 140 has broader implications for asset-backed market
FASB official says rule is applicable to bonds pooling all consumer assets such as home equity loans and not just commercial real estate loans
Yahoo.com April 16

Real estate groups meet with FASB about rule 140
Market players said FASB likely won’t clarify this rule in the near-term
Yahoo.com April 9

Offices, stores hit first in real estate downturn
Analysts and investors are bracing for rising vacancy rates and falling rents during the next 12 to 18 months
Yahoo.com April 9

New accounting rule hits US commercial real estate
Industry blindsided by FASB 140 rule, which seems to state that the active servicing of loans by the special servicer in a commercial mortgage-backed security is inconsistent with sales treatment
Yahoo.com April 6

Ginnie Mae closes $291 mln multifamily securitization
First multifamily deal issued under Ginnie Mae’s REMIC program
Yahoo.com March 29

Rate This One
Recent commercial mortgage industry ratings actions
MortgageDaily.com March 27

Lagging indicator
Coalition for Affordable Rental Housing urging Congress to raise limit on FHA-insured multifamily loans by 25% and provide additional allowances for high-cost areas
Marketwatch.com March 24

First Union, Bank of America arrange $1.3 bln CMBS
Loan portfolio was 30.4% multifamily mortgages, 29.3% office buildings loans & 16.4% anchored retail space mortgages
Yahoo.com March 23

Real Estate Stocks Outpace Market
Commercial real estate performance is expected to hold steady through current troubled times in stock market
RealtyTimes.com March 21

HUD Will Raise Loan Limits for Apartment Projects
HUD estimates change will allow for an extra $300 million in construction of 3,000 more units in high-cost areas
CNNfn.com March 21

Apartment Builders Set Sights On Downtown L.A.
Long-Shunned City Core Is Winning The Attention of Some Big Developers
WSJ.com March 14 (subscription required)

Commercial Mortgage Firms Must Enter ‘C-Commerce’ Era
MBA white paper on e-commerce
MBAA.org March 12

Prudential Originates $32 Million Loan
Mortgage secured by 3 Calif. industrial properties w/state-of-the-art big-box warehouse/distribution facilities
Yahoo.com March 6

AMI Capital Closes 1.8 Million Loan
189-unit seniors apartment community located in Las Vegas has debt service coverage of 1.30 times
Yahoo.com March 6

Prudential Mortgage Capital Originates $20 Million Loan
Security is a 100% leased, five-story property located in Redwood City, Ca
Yahoo.com February 27

Blum CB Corp to acquire CB Richard Ellis
Transaction priced at $16 per share in cash
MortgageDaily.com February 26

Glimcher Realty Trust Closes on Two Permanent Mortgages
Wal-mart anchored retail property located in Ohio financed for $5.95 mil
Yahoo.com February 20

S&P Acquires Charter Research
Purchase enables S&P to provide credit risk management services to commercial mortgage market
MortgageDaily.com February 15

FHA Sells Multifamily & Healthcare Mortgages
Sale of loans nets HUD $94 million
HUD.gov February 15

Equity Residential Reports 2000 Results
$36.7 million in overstated gains during the first nine months of 2000
Individual.com February 15

S&P Assigns Prelim Rtgs to GS Mortgage 2001-GSFL IV
$465.95 mil cert secured by five 1st mortgages with a weighted average ending LTV of 60.1%
Individual.com February 13

Fitch Affs Commercial Mtge Acceptance Corp Series 1998-2
Pool has continued to have many loans of concern
Marketwatch.com February 13

The Week In Commercial Lending
A glance at the week ended February 10th
MortgageDaily.com February 12

Commercial real estate bubble begins to deflate
Office rates have leveled off in Silicon Valley
Yahoo.com February 10

CB Richard Ellis Reports Record Results for Fourth-Quarter 2000
4th quarter net earnings $20.9 million, 23% more than same period in 1999
Yahoo.com February 8

Commercial Mortgage Technology’s Future
Panel discusses what to expect in real estate finance technology
MortgageDaily.com February 6

Tech Talk
Industry executives talk about application service providers
MortgageDaily.com February 6

MBA Holds Commercial Finance Conference
Commercial real estate finance/multifamily housing convention being held in San Diego
MortgageDaily.com February 5

Ernst & Young Real Estate Practice Releases Commercial Mortgage Backed Securitization Update 2000-2001
Global market seems to provide clearest growth engine for CMBS in years ahead
Yahoo.com February 5

Precept Unveils Revolutionary Mortgage Origination System
Company to auction right to fund loans to large number of commercial mortgage lenders
Marketwatch.com February 5

S&P, Precept Partner to Analyze Commercial Mortgage Loans
Because S&P analyzes loans at origination, no additional evaluation needed when loans securitized
Yahoo.com February 5

Broker MortgageRamp.com Sidesteps the Industry Fallout
Company seeks to marry Web-based technology with the human touch
WSJ.com February 1 (subscription required)

GMAC Commercial Mortgage Arranges $30 Million in Permanent Financing for Two California Hotel Properties
155-unit Courtyard in Milpitas, CA
Yahoo.com February 1

CMBS Servicing Grew Modestly In Third Quarter
Quarterly survey of 10 largest commercial mortgage-backed securities servicers conducted by MBA
MortgageDaily.com December 7

MBA And CMSA Form Joint CMBS Loan Documentation Integrity Task Force
Task force plans to address problems arising from incomplete or defective loan files
MortgageDaily.com December 4