Commercial real estate lending

Two South Korean financial firms have bought $100 million of debt on a New Jersey residential building that's part-owned by the family of Jared Kushner.

The value of commercial-property deals rose 6.7% in the first quarter from a year earlier, but higher interest rates and softer demand will weigh on the market, Ten-X Commercial said.

The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending.

The group says Mulvaney, who also runs OMB, was not totally forthcoming with the Senate Budget Committee about the foreclosure of a property he owns in South Carolina.

Plans for a West Palm Beach, Fla. development with micro-condominiums, affordable apartments, offices, a grocery and a park, have collapsed over city commissioner concerns the developer couldn't make it happen.

The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter.

TriStar Bank in Tennessee says a shortage of appraisers is slowing down its commercial real estate lending and raising the cost of appraisals. The claim has outraged appraisers, who argue that the bank is simply trying to avoid paying their fees.

As part of a larger regulatory relief effort, regulators have raised the dollar-amount threshold for commercial real estate transactions that require a formal appraisal.

The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.