Commercial lending

Ares Capital, the publicly traded lender managed by alternative-investment firm Ares Management, will acquire American Capital Ltd. in a deal valued at $3.4 billion.

New York luxury-condo builder Extell Development Co. says it’s taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market.

At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

Commercial and multifamily mortgage loan originations barely budged overall during the first quarter when compared to the same period last year, according to the Mortgage Bankers Association.

Blackstone Group, with real estate assets that have surpassed $100 billion, is considering tapping individual investors as it expands its push into owning high-quality buildings with steady income streams.

People's United Financial in Bridgeport, Conn., reported higher first-quarter profits as it increased lending for both commercial and residential real estate.

Competitive pricing and softening demand at the high end of the apartment- and condo-building market had executives at BankUnited, Signature and New York Community answering tough questions about their growth projections and diversification strategies.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

First Horizon National in Memphis reported improved quarterly earnings that reflected higher revenue.

Wells Fargo & Co. said first-quarter profit fell 5.9% as the firm set aside more money for soured energy loans and expenses increased.

Commercial and multifamily originators closed $504 billion in loans last year, according to the Mortgage Bankers Association.

Credit market turmoil continued to take a toll on commercial property prices in February, when Moody's/RCA Commercial Property Price Indices national all-property composite index declined for a second consecutive month.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.

A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Fla.

Lenders are getting stingier when it comes to funding risky U.S. real estate developments, putting pressure on landlords in need of fresh funding to keep their projects afloat.

Single-family housing construction is set to top multifamily start for first time since the financial crisis.

Losses on commercial mortgages declined in February, with a Florida shopping center topping the list of the largest losses, according to Trepp.

Market volatility and new regulatory burdens are thinning the ranks of commercial mortgage lenders that underwrite loans for securitizations. Activity is slowing down as a result, and it is unclear if banks and insurers will fill the void, especially outside the largest cities.

Prices of loans underlying commercial mortgage-backed securities were on the rise in January, according to DebtX.