Q10 | Westcap & Cohen Financial, today announced that they have secured $26 million to refinance the Woodlark Residences located at 965 Magnolia Avenue in Larkspur, California within the heart of Marin County. Woodlark Residences features 80 one and two-bedroom apartment units across 11 buildings.
Stephan Coste, VP Production with Q10 | Westcap and manages their Los Angeles office, originated the loan with Sun Life Financial and collaborated in the placement of the fixed-rate loan refinance with Kenneth M. Fox, CCIM, Managing Director with Cohen Financial in their San Francisco office. Sun Life Financial, an exclusive correspondent lender represented by Q10 | Westcap in Southern California and Cohen Financial in Northern California. The borrower, California Landmark Group (CLG), is a fully integrated development and investment company formed in 1988 that acquires, rehabilitates and develops real estate throughout California. The transaction closed July 1, 2016. The transaction closed July 1, 2016.
Ray Driver, Q10 KDH Principal, opens Q10 meeting at MBACREF16.
Lender panel interactive discussion on what lenders wish mortgage bankers knew. Pictured: Jim Wickenhauser of Q10 Triad, Topher Van Mourick of Q10 Westcap, John Maher of Sun Life, Ken Borst of StanCorp, Alex Yates of Q10 Pinnacle Financial, Trey Warren of Q10 Professional Mortgage and Fred Welker of Lincoln Financial.
David Cardwell, Director of Production for Freddie Mac Small Balance Lending, gives an update to Q10 Capital producers on the benefits of originating multifamily loans with Freddie Mac.
Bob Stout, Q10 President, welcomes Q10 member offices at MBACREF16.
Ryan Watson of Q10KDH and David Cardwell, Director, Production Small Balance Lending with Freddie Mac.
Ryan states, “David gave the Q10 offices an overview of the growth that the Freddie Mac Small Balance Lending Program has had over the past year and the advantages that the program has for our borrowers.”
Today, at MBA’sCREF16 Convention, the MBA released several reports covering the commercial/multifamily real estate finance markets. The reports are part of MBA’s ongoing research and analysis. Among the findings:
- 2015 Q4 Commercial/Multifamily Originations Up 19%; Total 2015 Up 24%
- Volume of Commercial/Multifamily Mortgages Maturing Grows 51%
- MBA Forecasts 3% Rise in Commercial/Multifamily Mortgage Bankers Originations in 2016; Mortgage Debt Outstanding to Rise to $2.9 trillion
- MBA Releases 2015 Year-End Commercial/Multifamily Servicer Rankings
Abstracts of and links to the reports can be found below, and more information is also available in MBA’s CREF Database and on www.mba.org/crefresearch
2015 Q4 Commercial/Multifamily Originations Up 19%; Total 2015 Up 24%
There were strong volumes of borrowing and lending for commercial real estate in 2015. In particular, the fourth quarter was the fourth highest for borrowing and lending on record. Banks, life insurance companies, and Fannie Mae and Freddie Mac saw their highest tallied originations volumes. Of the major investor groups, only the CMBS market didn’t break a record for originations. In terms of overall borrowing and lending volumes, 2015 as a whole was likely second only to 2007.
View MBA’s Q4 Commercial/Multifamily Mortgage Bankers Originations Index
Volume of Commercial/Multifamily Mortgages Maturing Grows 51%
Eleven percent or $183.3 billion of $1.7 trillion of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2016, a 51 percent increase from the $121 billion that matured in 2015. Maturities will grow to $208 billion in 2017.
Learn more about MBA’s Year-end 2015 Commercial/Multifamily Loan Maturity Volumes Report
MBA Forecasts 3% Rise in Commercial/Multifamily Mortgage Bankers Originations in 2016; Mortgage Debt Outstanding to Rise to $2.9 trillion
Commercial and multifamily real estate finance markets are expected to remain strong. A growing economy, coupled with only gradual increases in interest rates, will continue to support the commercial property market, but there is a chance that cap rates could increase more rapidly in response to rising interest rates, impacting property sales and mortgage originations.
View MBA’s Fifth Annual Commercial/Multifamily Real Estate Finance Forecast (members only access)
MBA Releases 2015 Year-End Commercial/Multifamily Servicer Rankings
MBA’s Servicer Rankings includes breakouts for primary, master and special servicing. It also ranks firms by their total volumes, as well as their servicing for specific investor groups, including CMBS, life insurance company, Fannie Mae and Freddie Mac, FHA and other groups.
View MBA’s Year-End 2015 Commercial/Multifamily Servicer Rankings
Q10 POSTS A STRONG 2ND QUARTER WITH $1.5 BILLON IN CLOSED LOANS
Q10 continues to see an active market in 2015 with over $1.5 billion originated commercial real estate loans in 2nd quarter 2015. Q10 has over 130 highly experienced finance professionals located in 23 offices throughout the country. Our clients include local, regional and national developers, investors, property owners and REITS.
Our business is built on strong relationships, and we strive to deliver the capital you need for you next loan with a hands-on approach. We would appreciate the opportunity to represent you on your next transaction.
Four score and seven years ago our fathers brought forth on this continent a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal.
~ Abraham Lincoln
Michael Kelly, President of Q10 Realty Mortgage and Investment Company, recently spoke with reporters at the Colorado Real Estate Journal about the commercial real estate market and how it is performing in 2015. Highlights include:
- Record year for lending for life insurance companies
- Record year for government-sponsored enterprises
- Record low interest rates
- Fully amortized loans available for longer periods
Read the full story at Colorado Real Estate Journal.
On this Memorial Day, our Q10 family pays tribute to those who have given their lives protecting our country and freedom. May they be remembered and honored for eternity.
Q10 recognizes some of the transactions closed in April and May from our offices nationwide.
Q10 KDH members enjoyed an afternoon at TopGolf during the Q10 national top producers conference in Dallas, TX.