The Wall Street Journal reported in a February 21st article that large banks are stepping back from new multifamily funding projects in light of the cooling apartment market and a perceived oversupply of new units.
Quoting real estate research firm Axiometrics Inc., the report noted that the number of new multifamily units is set to hit a 30-year high in 2017. That could loosen the pressure on rents, which … Read More
The change of consumer shopping behavior, shifting from traditional brick and mortar retail to online marketplaces, crushed many investors who funded the expanse of malls and shopping centers, largely via CMBS loans.
But this year, investors have more than consumer behavior to be concerned with. Nearly $134 billion of commercial real estate loans—more than one-quarter of which went to finance malls a decade ago—are due … Read More
Discusses how CommLoan’s platform helps noteholders of CMBS loans coming due this year.
Despite the massive snow storm that crippled New York City last week, CommLoan’s CEO Mitch Ginsberg participated in a series of media meetings discussing the state of the industry and the key trends that will shape commercial real estate lending in 2017. While in Manhattan, Mitch met with reporters from Fox Business, … Read More
January 2017 was a busy time for many real estate investors and analysts to weigh in on trends driving multifamily housing.
Mary Salmonsen recently published a well thought-out article in Multifamily Executive Magazine.
In the article, Mary makes a bold headline that GSE expects moderate market growth and rent increases this year.
She quotes Freddie Mac Multifamily Research Group in its new 2017 Multifamily Housing Outlook report, … Read More
Focused on bringing efficiency to the commercial real estate lending space, CommLoan visited sunny southern California last week to increase its domestic footprint in the hotel industry.
CommLoan’s CFO/COO Alan Schnaid visited former colleagues and peers early last week in Los Angeles where the American Lodging Investment Summit took place. Alan, the former Starwood Hotels & Resorts Worldwide executive, shared the benefits of Commloan’s revolutionary … Read More
CommLoan Adds Jobs, Expands Operations to Meet Growing Demand for Services
CommLoan continues to strengthen its management team with the addition of Alan Schnaid as Chief Financial Officer and Chief Operating Officer, and Art Carll-Tangora as Chief Development Officer
As part of its fast-paced growth strategy, CommLoan has tapped two industry veterans for senior leadership positions. Long time hospitality executive, Alan Schnaid, was named Chief Financial Officer and Chief Operating Officer and commercial real … Read More
Robert (Bob) Tunis, Economic Development Manager for the City of Scottsdale, visited CommLoan recently to extend a formal welcome from the City of Scottsdale.
During his meeting with CommLoan’s leaders, CEO Mitch Ginsberg and CFO/COO Alan Schnaid, Mr. Tunis discussed upcoming initiatives that the City of Scottsdale is currently focused on and provided a historical perspective on the city’s development and growth. Scottsdale continues to … Read More