In terms of property types, multifamily properties saw the highest volume, $48.9 billion, followed by office properties with $22.6 billion of originations.
WASHINGTON, D.C. – Commercial and multifamily mortgage origination volumes increased 44% in 2010 over the previous year, with mortgage bankers reporting $118.8 billion of closed commercial and multifamily loans, according to the Mortgage Bankers Association’s 2010 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation.
“Coming off of the 2009 lows, commercial and multifamily originations increased by a strong 44% in 2010,” said Jamie Woodwell, MBA’s vice president of commercial real estate research.
Many people find themselves in a lot of credit card debt. Having too much debt makes it difficult to pay the bills each month. Even if people do not have trouble paying their bills at the moment, loss of income can change all that in an instant.
“Private Setting”Address:163 Kuli Puu Street Kihei HI 96753Type:ResidentialBedrooms:4″Large Master Suite”Bathrooms:2″Plus powder room 1/2 bath”Garage:2, DetachedSize:1,851 sq. Read the rest of article…
One of the major distinguishing factors between a strategic default and any other default on a mortgage is that a strategic default is a deliberate business decision. The homeowner has the ability to make mortgage payments but simply decides not to – usually because the value of the property is less than the money still owed on the property. Traditionally, lenders have used the degree of home value depreciation to try to predict strategic defaults, but FICO Labs, an analytics and decision management technology provider associated with FICO, has released new software and analysis strategies that can “identify borrowers who are over 100 times more likely to default strategically than others”[1].
Researchers have found that home value and principal amount do play a role in strategic defaults, but that there are some other distinct character traits that identify likely candidates to make this decision. Strat
Transwestern Chicago recently represented tenant Advertising Resources Inc. in a 430,000-square-foot long-term lease renewal at 11601 and 11701 South Central Avenue in Alsip, Ill.
Advertising Resources Inc. (ARI) specializes in integrative marketing production and packaging, offering fully integrated services from design to packaging to processing. The two connected buildings in Alsip provide ARI with both office and warehouse/distribution space including refrigerated storage, conditioned storage, shipping/receiving doors and truckloads.
“Working with two landlords to structure lease extensions was complicated, with each ownership group presenting unique challenges despite the two properties being connected. I
“Private Setting”Address:163 Kuli Puu Street Kihei HI 96753Type:ResidentialBedrooms:4″Large Master Suite”Bathrooms:2″Plus powder room 1/2 bath”Garage:2, DetachedSize:1,851 sq.