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CWCapital has acquired multifamily lender Sierra Capital Partners in a push to expand on the West Coast. The Irvine, Calif.-based Sierra Capital Partners originated about $300 million annually in Freddie Mac debt, with a servicing portfolio of about $825 million. Terms of the deal were not disclosed. FULL ARTICLE Formerly active conduit lenders are quietly reopening their platforms in anticipation of the government’s TALF program for CMBS.
FULL ARTICLE Large, aggressively underwritten loans are increasingly going south, and declining fundamentals for the multifamily industry mean that CMBS delinquencies are accelerating as the year goes on. FULL ARTICLE Dallas-based Trammell Crow is one of the largest multifamily developers in the country. Yet it is facing a major dilemma when it completes a project in this economy. FULL ARTICLE
While the government’s efforts to revive the commercial mortgage-backed securities industry are still in the early stages, many investment firms are now readying TALF funds to strike when the iron grows hot. FULL ARTICLE Just when it looked as if transactions were picking up, along came May. Apartment transactions fell 46 percent to $481 million from April to May, making it the slowest month ever tracked by New York-based research firm Real Capital Analytics. FULL ARTICLE When real estate executives talk about the potential deluge of apartment properties that could end up falling into financial distress, they often refer to the days of the Resolution Trust Corp. But is that an accurate comparison?
FULL ARTICLE oreign real estate investors are growing increasingly optimistic that the U.S. commercial real estate market will rebound in the second half of 2010.
FULL ARTICLE | APARTMENT FINANCE TODAY HOUSING
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