Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Thursday, 20 April 2017

Arbor Writes $68Mln Fannie Loan Against Hyattsville, Md., Apartments

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Arbor Commercial Funding has provided a $68 million Fannie Mae loan against the Villas at Langley, a 590-unit apartment property in the Washington, D.C., suburb of Hyattsville, Md.

The 12-year loan, written under Fannie's Delegated Underwriting and Servicing program, requires only interest payments through April 2022, after which it amortizes on a 30-year schedule. It pays a coupon of 4.61 percent.

The loan places a value of $93.1 million on the property, which compares to the $55.6 million appraised value that was pegged to it in 2008. That was driven by a nearly 60 percent increase in net operating income, to $5.8 million. In 2008, the property generated $3.7 million of...





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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • States: Maryland
  • Sector: Multifamily
  • Subject: Mortgages/Financing (MOR)
  • Valuation: Between $50 million and $100 million
  • Private: Yes
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

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