Regions
Commercial and Multifamily Mortgages Banks’ Best Performing Loans and Leases through Credit Crunch and Recession
An analysis of data from the Federal Deposit Insurance Corporation (FDIC) shows that commercial and multifamily mortgages fared better through the credit crunch and recession than any other major type of loan held by banks and thrifts, according to a DataNote released today by the Mortgage Bankers Association (MBA).
Corvias Campus Living Announces New Headquarters
Corvias Campus Living, the student housing division of Corvias Group, a privately owned, vertically integrated real estate solutions group, announced today that it has opened a new headquarters office for Corvias Campus Living, the company’s student housing division, in Cary, N.C.
Economy Watch: Forbes Updates Billionaire List for ’13
Forbes magazine published its 27th annual list of billionaires on Monday, with most of the usual suspects populating the tip-top of the list, such as Mexican communication mogul Carlos Slim Helu, Bill Gates, Warren Buffet and the Koch brothers all making appearances, though they fluctuate in position from year to year.
Corelogic Names Pam Storm Senior Vice President of Specialty Credit
CoreLogic, a residential property information, analytics and services provider, announced the appointment of Pam Storm as senior vice president of Specialty Credit.
Thomas K. Sittema, CEO of CNL Financial Group, Joins Crescent Resources Board of Directors
Thomas K. Sittema, chief executive officer of CNL Financial Group, a leading private investment firm that provides global real estate and alternative investments, has joined the board of directors of Crescent Resources, a real estate investment company based in Charlotte, N.C., focused on multifamily, residential and commercial developments.
Berkadia Closes on Apartment Refinance Deals
The New Jersey office of Berkadia Commercial Mortgage LLC recently closed two deals totaling $89.5 million in financing for multifamily properties located in Rhode Island and New Jersey.
Bankers Financial Launches RentersAmerica, the Next Generation of Security Deposit Alternatives for Multifamily Property Owners and Managers
Bankers Financial Corporation has introduced RentersAmerica, a new security deposit alternative program designed to help multifamily property owners and managers reduce their bad debt, generate ancillary revenue and lease more units.
MHN Interview: Related Affordable on Preserving Affordable Housing
MHN talks to Matthew Finkle, president, Related Affordable, about his new position and his strategy for acquiring and preserving new affordable housing properties.
Baxter Park South Delivers New Apartments for Newark
A ribbon-cutting ceremony February 22 celebrated the newly constructed Baxter Park South mixed-use development, located on the former site of long obsolete Newark public housing. This new development is the first phase in a key revitalization effort bringing highly sought housing to an enclave straddling the University Communities and the Broad Street Station District.
TODAY’S DEALS: Bascom Acquires Two Arizona Assets
A Bascom Arizona Ventures subsidiary buys two properties; Timberland Partners sells a Texas asset with help from ARA; and NorthMarq Capital arranges two-year interest-only mortgage refinancing for a $30 million Freddie Mac loan.