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Tuesday, 05 February 2019

Berkadia Survey of Brokers Sees Another Healthy Year for Real Estate

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Commercial Real Estate Direct Staff Report

This year should be another solid year for the commercial real estate market. That's what Berkadia's mortgage and investment-sales brokers are saying.

The lending company last year started surveying its brokers in order to get their sense of where markets might be headed, particularly because expectations were that interest rates were on the rise. After all, brokers, perhaps more than any other players in the industry, are closely tuned in to subtle changes in the market, given that they're constantly in contact with property owners, developers, investors and lenders. In theory, they'd be the first to hear about any possible pullback in capital by investor clients, or trepidations they might have.

More than 150 of Berkadia's brokers at 60 offices responded to the company's latest survey. The general take-away: investment-sales and mortgage lending volumes will be roughly unchanged, if not greater, this year than last.

That stands to reason given that there's no sign that investors are broadly cutting back their capital allocations to real estate. In fact, real estate fund managers have a whopping $295 billion of dry...





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“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

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mortgages/Financing (MOR), Research (RES)
  • Company: Berkadia Commercial Mortgage
  • 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 - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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