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MarketBeat


Conduit Lenders Embrace Small-Balance

Wall Street conduits are originating loans at nearly twice last year's pace, and the latest CMBS issues have securitized plenty of small-balance commercial mortgages.Read More


Former Lehman Bank Execs Assembling Small-Balance Lending Operation

CRE lending veterans Steve Skolnik and Kelly Huddleston are targeting the hiring of 20 small-balance originators for start-up ReadyCap - which also plans securitizations.Read More


Conduit Small-Balance Lending Poised To Rev Up Next Year In Secondary Markets

No one can say just how much further conduit lending will rebound next year. But experts expect them to compete effectively outside the major markets, quoting 10-year deals mostly in the mid-and high-4s. Read More


Highly Focused Fund Seeks $300 Million In Small-Cap Deals

The third commingled fund from the Graycliff Capital team targets infusions of $1 million to $5 million in second-tier Southeast and Midwest markets that larger investors tend to avoid. The IRR target is high-teens.Read More


Quick Deals Drive Partners Capital Solutions' Small-Balance Lending

Small-balance CRE lender Partners Capital Solutions has evolved from funding opportunistic SFR investments to distressed commercial mortgage acquisitions - and now even quite a bit of retail build-to-suit construction lending. Read More


Further Evidence That Securitized Small-Balance Loans Outperform

Research from Wells Fargo and Nomura indicate small-balance conduit loans are performing better than their larger-balance counterparts. Read More


Is Conduit Lending Creeping Back?

CMBS issuance is projected to hit perhaps $50 billion this year - suggesting at least $5 billion in small-balance loans originated for securitization. Read More


Oaktree Investment Turns Renamed Sabal Into Portfolio Player

Thanks to a key equity infusion from powerhouse Oaktree Capital Management, veteran Pat Jackson's Sabal Financial Group is targeting a $10 billion portfolio of assets under management - secured mostly through acquisitions of distressed-laden, small-balance bank-loan portfolios. Read More


Does Greystone Securitization Portend Greater Liquidity?

A Greystone & Co. affiliate is securitizing 175 seasoned, full-recourse, small-balance commercial mortgages through an expected private placement. The move may bode well for liquidity ahead in the small-balance space. Read More


Wells Tailors $1 Million - $5 Million Conduit Program

Wells Fargo Bank is pushing a conduit lending program offering five- and 10-year non-recourse loans from $1 million to $5 million. Just don't call it 'small-balance.' Read More


Conduit Lending Picking Up - Absent Small-Balance Loans

Activity among Wall Street's conduit lenders is slowly rebounding from the recent void. However, CMBS deals today include very few small-balance loans despite their relative outperformance. Read More


FDIC Listens: Will Offer Smaller Regional Pools of Small Loans

The FDIC's structured transaction program is about to expand from mostly 10-figure loan pools to regional offerings of $200 million or less. This will presumably generate interest from small-balance specialists partnering with capital sources. Read More


Will Velocity Become the First Public Small-Balance Commercial Mortgage REIT?

Owners and managers of small-balance direct lender Velocity Commercial have proposed an IPO that would transform the private firm into a public mortgage REIT. Opportunities abound in the space despite a few headwinds. Read More


W&D Poised To Become a Bigger Small-Balance Lender with IPO

Multifamily lender and loan servicing specialist Walker & Dunlop seeks to keep growing its originations team, geographic footprint and product offerings as a publicly traded company. Raising $150 million through an IPO would also allow part-owner Credit Suisse to exchange equity for more liquid common shares. Read More


Mortgage Broker Fears for Peers' Future

A conversation with veteran small-balance mortgage broker Marcia Upton reveals concerns about market challenges, along with skepticism about a full-fledged capital markets recovery. Read More


New Fund To Co-Invest With Under-Water Small-Balance Borrowers

The just-closed JCR Capital investment fund aims to provide 'white night' capital to under-water small-balance borrowers facing maturities they can't refinance in full. Read More




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