Monday, March 25, 2013

Conduit Lending Gains Momentum via Multifamily Executive Magazine

Lenders expect conduit loan volume to climb as the year continues. However, the market's comeback in the multifamily world isn't expected to reach boom-era levels, at least not in 2013.

Between the third and fourth quarters of 2012, commercial mortgage-backed securities (CMBS) loan volume grew 141 percent, according to a Mortgage Bankers Association report. And with each passing month, more and more CMBS loans are made for apartments: Lenders are reporting a growing pipeline in the first quarter.

Most of the progress and gain for conduits comes from swooping in on deals the government-sponsored enterprises (GSEs) and life companies don’t necessarily want to fight for. And it’s paying off.

Read more...Conduit Lending Gains Momentum - Finance - Multifamily Executive Magazine

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