Green Street reposted this
You get a multifamily loan! You get a multifamily loan! And you get a multifamily loan! That's what #CMBS trusts are saying more often lately as #CRE securitization lenders are inking more apartment loans as leverage constraints and other factors push some borrowers away from #FannieMae and #FreddieMac debt. Sure, the agencies still dominate the sector, but multifamily loans accounted for $6.7B, or 14.5%, of the collateral for nonagency CMBS offerings brought to market so far this year, according to Green Street's CMBS Database. That’s a 278% jump from $1.8B all of last year - and above 10% annual average from 2014 through last year, an #analysis by Commercial Mortgage Alert shows. Market pros - CBRE's James Millon, Walker & Dunlop's Keith Kurland and Newmark's William Weber - say the larger loan proceeds available from CMBS are the primary catalyst, so the growth is logical. Click here to get access to all of CMA’s scoops in real estate finance and securitization. https://lnkd.in/ehZhj_jS