CRE

Total multifamily mortgage debt outstanding rose 2.4% to $1 trillion at the end of the second quarter, according to the Mortgage Bankers Association.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

Colony Mortgage, a real estate investment trust that specializes in "transitional," or improving property, is preparing its third securitization, according to Moody's Investors Service.

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.

Loan-to-value ratios in commercial real estate lending have returned to their levels from the bubble days, Moody's says. Loss-rates look good for now, but trouble could be coming.

The delinquency rate for commercial and multifamily mortgages continued to improve for most categories of investors in the second quarter, continuing a trend from the first quarter, according to the Mortgage Bankers Association.

The price of loans that underlie commercial mortgage-backed securities rose in July on a monthly basis, according to DebtX.

Marketplace lenders seek to disrupt traditional financial services with online platforms that connect borrowers to investors. But in real estate, this burgeoning sector has taken an approach that seeks to co-exist with, rather than supplant, the traditional mortgage market.

The $3.9 billion-asset Luther Burbank Savings has opened retail loan origination offices in several Southern California cities to produce more jumbo mortgages. It is one of several lenders in the region that think jumbo loans are worth the risks to achieve growth.

The New York metro area leads the nation in commercial and multifamily construction starts, according to a new report.