Finance Midwest
CMBS delinquency hits all-time high

CMBS delinquency hits all-time high

In July, the delinquency rate for U.S. commercial real estate loans in CMBS shot up 51 basis points to 9.88 percent. This is the highest delinquency rate in the history of the CMBS market. The spike comes after two consecutive drops in the rate for May and June, which was the first back-to-back monthly drop since the credit crisis began in 2008.

Finance Midwest

Walker & Dunlop announces co-heads of FHA Finance division

Walker & Dunlop has announced that Michelle M. Warner and Edward Q. Williams have been named co-heads of the Company’s FHA Finance division and will be responsible for all aspects of Walker & Dunlop’s FHA Finance program. Ms. Warner joins the Company from Deutsche Bank Berkshire Mortgage, while Mr. Williams has been promoted into his new role.

Finance Midwest

Harrison Street closes third fund; raises $595M

Harrison Street Real Estate Capital LLC (“HSRE”) has completed the final closing of its third real estate private equity fund, Harrison Street Real Estate Partners III, L.P. (HSREP III). The firm received commitments of more than $595 million, exceeding its original goal of $500 million. Investors in the fund include U.S and European pension funds, insurance companies, endowments, foundations and family offices.