Wednesday, October 2, 2013

First Single-Family Rental Loan-Backed Bond Deal To Test Market




National Commercial Real Estate News From CoStar Group





First Single-Family Rental Loan-Backed Bond Deal To Test Market



The emerging single-family rental business took another step towards market acceptance this week as VFC Partners, one of the early investors to buy up large numbers of foreclosed single-family homes, made plans to bring the first commercial mortgage bond offering to market backed in part by loans on such properties.

The deal is being viewed as a test case and, if all goes well, other major buyers of SFR portfolios are expected to get their Wall...









Rising Rates, Fed Spending Limits Take a Bite Out of Multifamilly Loan Originations



Forget the federal government shutdown, it’s federal spending limits and rising interest rates that appear to be having a more immediate impact on the multifamily real estate lending markets.

Walker & Dunlop Inc., one of the leading commercial real estate finance companies in the U.S., with a primary focus on multifamily lending, announced that it expects third quarter 2013 loan originations to be in the range of $1.7 billion to $1.9 billion, below...









650 Madison Trades for $1.3 Billion in NYC Office Sale



A joint venture comprised of Oxford Properties, Vornado Realty Trust, Crown Acquisitions and Highgate Holdings along with institutional investors advised by J.P. Morgan Asset Management, has acquired 650 Madison Avenue in New York City for $1.295 billion, or about $2,200 per square foot.

The 27-story, 600,496-square-foot office tower was built in 1956 on the western block of Madison Avenue between 59th and 60th Streets in Manhattan's Plaza District...






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