|
|
|
|
|
Volume 1 - Number 13 | October 14, 2004
|
TOP STORY: Beyond Fannie Mae Scandal, CMBS Issue Looms
By Bennett Voyles
Recent allegations of accounting irregularities at Fannie Mae, as related in the Office of Federal Housing Enterprise Oversight’s scathing report last week, may be making the headlines. But the CMBS world appears more concerned about an entirely unrelated event: the impact of a proposed government mandate that would require Fannie and Freddie Mac to make more loans for affordable housing, which could affect multifamily vacancies and CMBS buyer dynamics.
|
 |
INSIDER: ParkSide Real Estate Capital's Sukhbir Benipal
By Erika Morphy
Hotels are coming back! Hotels are coming back! For months now, this has been the battle cry of rating analysts and industry insiders alike eager to see a spark of life in this long-dormant CMBS asset class. The latest sign that hospitality could be making a comeback: ParkSide Real Estate Capital, a newly formed New York-based firm. ParkSide has set up shop specifically to lend to franchised and boutique hotel properties through its CMBS lending programs.
|
|
Fannie Irregularities Unlikely To Hurt CMBS Loans
By Bennett Voyles
Despite considerable uncertainty in the market, CMBS experts say that the heat that regulators have turned on Fannie Mae’s accounting irregularities lately is unlikely to roil the commercial mortgage market.
|
|
Hopes Fade For Quick TRIA Renewal
By Bennett Voyles
Hopes for quick, early action on the extension of terrorism insurance beyond 2005—which would have made a lot of CMBS executives sleep easier—appear to be dead for this session of Congress.
|
 |
What's Hot, What's Not: CRE CDOs, WODRA Clauses
By Erika Morphy
What’s Hot:
Increasing issuance of collateralized debt obligations composed entirely of commercial real estate, or, in industry parlance, CRE CDOs: The thinking behind this prediction is relatively straightforward, says Peter Leffler, director, Fitch Ratings Service.
|
|
|
|
|
|
|
|
|
