Reverse mortgage volume and HMBS issuance improve in April
Refi volume dropped 3.4% due to higher rates, but some top lenders saw gains. RMI President Lunde advocates cautious optimism, citing steady gains and focus on H4P niche. [ more ]
Cumulus Q1: Digital up. Total revenue down. "Considerable runway." - RAIN News
Refinanced capital structure with favorable terms, resulting in reduced debt, lower interest rates, and increased asset-based lending.
Focused on digital growth, accelerating digital marketing services to increase revenue while facing challenges in overall revenue and specific categories. [ more ]
CalSTRS scores $70M Refinance on West LA Office Building
The California State Teachers' Retirement System (CalSTRS) has received a $70 million loan to refinance its office building on Wilshire Boulevard.
Wells Fargo Bank provided the senior mortgage, and $51.5 million of the loan will be included in a commercial mortgage-backed securities (CMBS) deal. [ more ]
Craig Realty Scores Refinance for San Clemente Outlet Mall
Craig Realty has refinanced the Outlets at San Clemente in Orange County with loans from Pacific Life Insurance and MetLife.
Insurance firms have remained active in commercial real estate lending, while banks have pulled back due to concerns around existing exposure. [ more ]