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

Thursday, 10 May 2018

Northeast Bank Bucks Trend, Aims to Expand Commercial Real Estate Lending

Northeast Bank, a Lewiston, Maine, bank with an active presence in the commercial real estate lending world, expects to fund some $250 million of property loans this year. That would be an increase of more than 10 percent from the $220 million it originated last year.

Commercial Real Estate Direct Staff Report

Northeast Bank, a Lewiston, Maine, bank with an active presence in the commercial real estate lending world, expects to fund some $250 million of property loans this year.

That would be an increase of more than 10 percent from the $220 million it originated last year and is driven by the healthy returns it gets from its loans. It would be a contrast to banks in general, which have put the brakes on their commercial real estate lending efforts. While industry-wide lending volumes are still growing, the pace of growth last year slowed by 33 percent, according to the Trepp Bank Navigator.

During the first quarter, Northeast Bank originated $73 million of commercial real estate loans, which provide it with a 7.3 percent yield - not...





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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

 

 

 

REITCafe

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