The overall tone from lenders remains the same from the last conference we attended in February, cautious optimism. The prediction from a consensus of lenders is we are in the seventh inning of the cycle and have close to two years left to run.
- CMBS spreads are anticipated to widen in the next month due to the supply of loans for securitization and less demand.
- While lending for Life companies has remained at status quo we found it interesting that a few life company lenders were pulling back on their year-end allocation in anticipation of a market shift.
- There has been a recent shift in Agency business. Given that agencies are managing their business to meet their goals, you may start to see a greater push for Freddie Mac uncapped (green, affordable, etc.) and Fannie Mae capped (market rate, non-green, etc.) business.
|CommCap is the largest full-service mortgage banking company in Nevada, with offices in Reno and Las Vegas. We specialize in originating, underwriting, closing and servicing loans in excess of $1MM on all income-producing property types. We represent a wide variety of funding sources including Life Insurance Companies, Investment Banks (CMBS), Bridge Lenders, Agency lenders and Banks.|
|Agency Update(multifamily, mobile home parks, student housing, senior housing, affordable housing, etc.)||Life Company Update(multifamily, office, retail, self-storage, industrial, etc.)||CMBS Update(multifamily, office, retail, self-storage, industrial, etc.)|