Banks, Private CRE Lenders Eye Busy Fall
Expected Federal Reserve interest rate cuts have local bankers looking for ways to shave basis points off commercial real estate loan rates – and private lenders planning to defend market positions
Low-Risk Multifamily Market Attracts Increased Bank Investment
Multifamily has become the almost last asset class standing when it comes to ground-up commercial development in Massachusetts, and banks are increasing their involvement in the sector accordingly.
Citizens Plans to Shrink Multifamily Loans
The bank plans to reduce its lending to multifamily real estate projects as part of a broader effort to shrink its commercial real estate loan book, executives said.
Will Boston Multifamily Hit Its Own ‘Wall of Maturities’?
The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
Commercial Lending Starts to Show Signs of Life
Lending conditions for commercial real estate showed the first improvement in seven quarters, according to a CBRE analysis of recent activity, amid signs that borrowing costs have peaked.
FHFA’s Federal Rent Control Proposal Would Be a Disaster
In its attempt to address the dire housing crisis, the Federal Housing Finance Agency is considering a policy that would surely make it worse and reduce the use of federal housing dollars.
Cost of Debt Weighs on CRE Outlook
After a decade-long expansion, real estate investors and developers are confronting the reality that investment will be more selective in 2024 – perhaps even the most challenging financing climate in over a decade.
Fidelity Bank Funds $21M Apartment Renovation in Amherst
Fidelity Bank said on Friday that it led a $21 million leasehold mortgage to support the renovation of an apartment project in Amherst.
MBA: Commercial, Multifamily Lending to Fall in 2023
Nationwide commercial and multifamily mortgage lending is expected to fall this year by 15 percent, according to an updated forecast from the Mortgage Bankers Association.
Worcester Multifamily Conversions Totaling 157 Units Get Financing
Over $20 million in construction loans from Rockland Trust Co. are going toward conversions of two Worcester commercial properties into multifamily housing.
Chelsea Complex Gets $59M in Permanent Financing
A 222-unit Chelsea apartment complex has received $59 million in permanent financing from an affiliate of New York-based Arbor Realty Trust Inc.
Small Dollar Loans Driving Commercial Lending at Community Banks
Although the real estate market is deep into the current cycle, commercial lending did not falter in 2018 and banks were able to achieve strong results by staying in their lanes and sticking to the individualized strategies they have spent years building.
Multifamily Lending Up In 2017
Multifamily lending was up 8 percent year over year in 2016, with nearly three thousand different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.
