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

Tuesday, 16 April 2019

ArborCrowd to 'Take it Slow;' Aims for 4-5 Deals in 2019

ArborCrowd, the crowdfunding operation of Arbor Commercial Mortgage, is aiming to complete four or five transactions this year. That would compare with the four it completed last year, and the eight it's completed since being founded in 2016. Its projected deal volume also is dwarfed by that of other crowdfunding platforms.

Commercial Real Estate Direct Staff Report

ArborCrowd, the crowdfunding operation of Arbor Commercial Mortgage, is aiming to complete four or five transactions this year. That would compare with the four it completed last year, and the eight it's completed since being founded in 2016.

Those numbers are dwarfed by those posted by other crowdfunding platforms. EquityMultiple, for instance, has completed 53 transactions since its founding four years ago. But ArborCrowd is a slightly different animal. It pursues only apartment properties and it's basically a traditional equity syndicator with an online platform connecting it to its "crowd" of accredited investors. It doesn't invest heavily to chase sponsors that might be interested in tapping its crowd for capital, nor does it invest heavily to add to its crowd.

The company is run by Adam Kaufman, who had founded it with his father, Ivan Kaufman, who in 1983 had founded Arbor Commercial. Crowdfunding became a reality after the Jumpstart Our Business Startups, or JOBS Act, was signed by President Obama into law in 2012. The law lifted a ban on the general solicitation of capital investments that had been in...





weekly-call-to-action

“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“

Data Digest

 

CMBS DELINQUENCY VOLUME

dqdataFP1

 

CMBS SPECIAL SERVICING VOLUME

sschartfp

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

 

cppichart FP

 

 

CMBS 2.0 Spreads

AAAspreads

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

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
warehouse-backstage