Lots of Loans Available for CRE Borrowers

 

 

 

 

 

 

 

 

 

Give a man a match, and he’ll be warm for a minute, but set him on fire, and he’ll be warm for the rest of his life. ”

 

National Real Estate Investor – Oct 20, 2014 – Bendix Anderson

Borrowers have lots of choices as lenders make more and more capital available for commercial real estate, according to the latest report from the Mortgage Bankers Association (MBA), an industry organization.

“Across all the reports, there is a lot of mortgage debt available,” says Jamie Woodwell, vice president in the research and economics group at the MBA. “Lenders are there.”

The mortgage markets have been helped by low interest rates, improving property prices and strengthening fundamentals. All these trends have helped more borrowers qualify for loans. Lenders have been also been encouraged to make more capital available for lending. “Commercial real estate loans have performed really well, and lenders’ relative returns on commercial mortgages have been strong,” says Woodwell.

Lenders continued to increase the amount of capital available for commercial and multifamily real estate loans in the second quarter, even after they originated a record volume of loans in 2013, according to MBA’s “Mortgage Debt Outstanding” report. The level of commercial/ multifamily mortgage debt outstanding increased by $24.9 billion to $2.56 trillion in the second quarter. The rate of growth in the total amount of mortgage debt outstanding is also speeding up: The in the second quarter was 1 percent higher than the increase in the first quarter.

The new loans came from a broad range of capital sources and included a broad range of loan levels, says Woodwell. Three out of the four major types of lenders increased their lending. Banks and thrifts saw the largest increase in dollar terms in their holdings of commercial/multifamily mortgage debt at $16.3 billion, or 1.8 percent. Life insurance companies increased their holdings by $4.3 billion, or 1.3 percent, and REITs increased their holdings by $2.3 billion, or 6.3 percent.

The only type of lender that made fewer loans involved securitized lenders that raise capital by issuing commercial mortgage-backed securities, collateralized debt obligations and other asset-backed securities. Their commercial/ multifamily mortgage debt outstanding decreased by $2.3 billion, or 0.4 percent.

The outlook for commercial real estate continues to be strong despite recent volatility in the stock market. Worries about a slowing economy in Europe and other parts of the world make it less likely central bankers will raise their benchmark interest rates.

“There is a lot of uncertainty out there,” says Woodwell. “But low interest rates help real estate… Also foreign uncertainty is drawing investment to U.S. real estate.”

Apartment loans more available

Multifamily mortgage debt outstanding rose to $930 billion, an increase of $13.0 billion from the first quarter of 2014.

“The balance of mortgage debt extended to multifamily apartment owners grew by 1.4 percent during the quarter and now stands 26 percent above the level seen at the end of 2007, prior to the recession,” says Woodwell.

The universe of multifamily lenders includes finance companies of every size, including many smaller banks. Throughout 2013, 2,898 lenders made a total of 44,696 multifamily loans. The most active lender made 6,604 loans in 2013, while 666 lenders, a little less than a quarter of all active multifamily lenders, made just one multifamily loan each during the year, according to MBA’s annual “Report of Multifamily Lending” for 2013.

SEE IT ALL:

http://nreionline.com/finance-investment/lots-loans-available-cre-borrowers?NL=NREI-06&Issue=NREI-06_20141023_NREI-06_917&sfvc4enews=42&cl=article_3&YM_RID=CPG09000002657707&YM_MID=825

 

 

A little about me and my expertise – video

                    

commercial / investment real estate / Arizona land specialist

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

I go to great heights to sell or purchase your land

http://walter-unger.com/?p=10118

 

 

http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

3

Facts of Arizona – year 1848 to 2013

http://walter-unger.com/?p=9507

 

4.

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 

 

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554

 

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Thank You

Walter

Walter Unger CCIM

Associate Broker,  West USA Commercial Real Estate Advisers

7077 E. Marilyn Road, Bldg 4, Suite 130

Scottsdale, AZ 85254

Cell:      520-975-5207   

Office :  480-948-5554

Fax: (480-658-1172  

walterunger@ccim.net

 

View my listings and my profile at:

http://www.loopnet.com/Profile/14101172900/Walter-Unger-CCIM/

 

www.Walter-Unger.com             

 

a little about me and my expertise – video

 

commercial-investment real estate adviser-land specialist

 

https://www.youtube.com/watch?v=PPs3kpKR4nY

 

What is a CCIM?

 

 

Delivering the New Standard of Excellence in Commercial Real Estate 

 

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