Commercial Lending Update

JPMorgan Chase and Wells Fargo are providing little evidence that a turnaround in the troubled office market is imminent. Wells, the third-largest bank in the United States as measured by assets, had a slight improvement […]

In Franklin Savings Bank v. Bordick, issued on February 29, 2024, the Law Court reversed a decision of the Business and Consumer Docket (BCD) and remanded a personal property recovery judgment for further analysis regarding […]

According to the Mortgage Bankers Association’s latest U.S. Commercial / Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) […]

New appointment further strengthens GreenLake’s bridge loan platform Firm expects to close approximately $400 million in loans in 2024 LOS ANGELES, March 11, 2024 /PRNewswire/ — GreenLake Asset Management (“GreenLake” or the “Firm”), a nationwide […]

“With the market expecting a reduction in base rate in the months ahead, the appeal of variable rate mortgage deals has increased for many business borrowers.”– Tom Renwick, head of business lending at Atom Bank […]

Angel Ai, proudly part of the Sun West Mortgage (swmc.com, NMLS 3277) family, will advertise before The Big Game for the 2nd year with a new ad spot that will be supported in digital and […]

300. That’s more or less the number of regional banks at risk of collapse next year because of distress in the commercial real estate market, according to a working paper published by the National Bureau […]

Mark Karasick’s 601W Companies punched another ticket to safety from the Chicago office market’s fallout — he hopes. By bringing in $21 million in new equity raised from investors, the New York-based landlord of some […]

Commercial mortgage delinquencies are increasing regardless of investor type, according to the Mortgage Bankers Association’s most recent quarterly report. “Every major capital source saw delinquency rates rise,” said Jamie Woodwell, MBA’s head of commercial real […]

SPRINGFIELD, Ill., Dec. 5, 2023 /PRNewswire/ — INB, N.A., is pleased to announce the addition of Brad Dyer to the bank’s growing mortgage department. Brad joined INB on Nov. 13, 2023, as the mortgage sales […]