- June 3, 2019
- CMBS Financing Still Has Big Benefits
- May 29, 2019
- Why CMBS Debt Has Fallen Dramatically in Recent Years
- May 1, 2019
- Underwriting Holds True Across Portfolios for Q2
- April 19, 2019
- Newmark Realty Capital Completes $316.5 Million of Commercial Mortgages During 1Q2019
- March 28, 2019
- Why You Need a Full Financial Workout Even During a Boom
- March 22, 2019
- Real Estate Loan Administrator – Phoenix
- February 28, 2019
- Newmark Realty Capital Celebrates Completion of Seattle’s Arrivé Tower
- February 7, 2019
- Diversity Will Benefit Your Bottom Line
- February 6, 2019
- Newmark Realty Capital Completes $2.47 Billion of Commercial Mortgages During 2018; Ends Year with 4Q2018 Production Totals of $669.1 Million across 73 Transactions
- February 4, 2019
- SB 826 Could Shake Up California’s Biggest CRE Firms
- January 3, 2019
- Newmark Realty Capital Expands Los Angeles Production Team; Names Paige Serden As Executive Vice President For Commercial Mortgage Production
- December 7, 2018
- Newmark’s George Mitsanas on What’s Driving Commercial Mortgage & Investment Finance
- October 16, 2018
- Newmark Completes $712.7 Million of Commercial Mortgages During 3Q2018
- July 26, 2018
- Newmark Completes $691 Million of Commercial Mortgages During 2Q2018
- July 10, 2018
- Stancorp’s Mark Fisher Shares Insight on CRE and the Value of MBA Engagement
- June 5, 2018
- Newmark Q&A: What’s Driving Southwest CRE Lending?
- May 15, 2018
- CREFC: California Legislation To Watch
- May 7, 2018
- Time for a Coordinated Bay Area Displacement Policy
- May 3, 2018
- Newmark Completes $409 Million of Commercial Mortgages During 1Q2018
- March 26, 2018
- City Welcomes Big Storage Center
- March 6, 2018
- Newmark Looks at Defining Trends in the Commercial Real Estate Market for 2018
- February 9, 2018
- Newmark Expands San Francisco Production Staff With Key New Hires; On-Boards Five Member Team Specializing In Commercial Mortgage Finance
- January 25, 2018
- Newmark Completes $2.5 Billion of Commercial Mortgages During 2017
- November 27, 2017
- Despite Forecast Increases, Rates At Historic Lows
- November 8, 2017
- Newmark® Completes $726MM In Commercial Mortgages During 3Q2017
- October 24, 2017
- Newmark’s Michael Heagerty Elected to MBA’s 2018 Board of Directors
- October 11, 2017
- Newmark Names Producers Andy Bratt And Demetri Koston as Partners With Largest Privately-Held Commercial Mortgage Bank in Western U.S.
- September 13, 2017
- Real Estate Loan Administrator – San Francisco, CA
- August 7, 2017
- Newmark Completes $731 Million in Commercial Mortgages During 2Q2017
- June 29, 2017
- Newmark Secures $151 Million of New Financing on Behalf of Presson Companies for 30 Property Arizona Industrial Portfolio
- June 19, 2017
- Newmark Secures $68M Financing for Silicon Valley Assets
- June 5, 2017
- Creating a Better Borrower Experience
- April 12, 2017
- Newmark Completes $517 Million in Commercial Mortgages During 1Q2017
- April 4, 2017
- Keeping Focus on Controlled Variables
- March 7, 2017
- Owners of Stabilized Properties Increasingly Turning to Floating-Rate Loans
- February 27, 2017
- CMBS Is A Vital Part Of The CRE Finance Environment
- February 6, 2017
- Multifamily Financing Tightened, But Not Stopped
- February 1, 2017
- JV Secures $325M in Financing to Revive Potala Tower Hotel, Apartment Project in Seattle
- February 1, 2017
- Real Estate Loan Production Associate (Los Angeles)
- January 23, 2017
- Newmark Completes More Than $2.4 Billion of Commercial Mortgages in 2016
- January 19, 2017
- Newmark Turns 10 in Seattle; $421MM Pacific Northwest Production in 2016
- December 16, 2016
- Newmark Turns 25, Reaches $30 Billion in Commercial Mortgages
Newmark Completes $2.5 Billion of Commercial Mortgages During 2017
January 25, 2018
Newmark Closes 4Q2017 with $600 Million in Total Loan Production; Phoenix, San Francisco and Los Angeles Regions Chart Highest 2017 Volumes; Retail Assets Notably Active in 2017 Production Totals
SAN FRANCISCO, CA – Newmark™, the largest independent commercial mortgage banking firm in the western U.S., completed $2.5 billion of commercial mortgages during 2017 across 318 unique transactions, including $600 million of commercial mortgages during 4Q2017. This marks the company’s sixth consecutive year exceeding $2 billion in total annual loan production.
The active property types financed by Newmark during 2017, in order from highest descending, included multifamily, office, industrial and retail assets; with the company’s Phoenix, San Francisco and Los Angeles production offices showing the highest transaction volumes during 2017.
“2017 was an active year for commercial mortgage lending, with many lenders increasing their allocations throughout the year as the market continued to offer competitive returns in comparison,” said Michael Heagerty, principal and CFO with Newmark. “We anticipate production to remain consistent heading into 2018, and will be adding personnel and growing our team in 1Q2018 in response. Notably, the ability for quality retail projects to identify capital sources in the face of tumultuous market trends provided a unique bright spot in 2017, a trend we will watch as we head into 2018.”
Heagerty pointed to the following trends as worthy of consideration at the close of 2017:
-2018 – Without dramatic and currently unforeseen changes to existing economic trends, Newmark’s 2018 production volumes should be consistent with previous years in terms of lender allocations, capital availability and overall production totals.
-2018 Interest Rates – Interest rates are expected to climb in 2018, but spreads compression could compensate to keep commercial mortgage finance rates at historic lows.
-2017 Volume – Commercial mortgage finance demand performed as expected in 2017, with overall rates remaining at historic lows. Production was consistent for Newmark throughout 2017, with the company exceeding $2 billion in total production for a sixth straight year.
-Regions – Strong demand for financed assets in 2017 were for properties located in Southern California, Northern California, Arizona, and Northwest submarkets. These markets remain popular with lenders due to their strong fundamentals and long-term performance potential.
-Retail – While the retail sector faces dramatic and tumultuous operational shifts in the modern economy, the ability to finance the highest quality retail properties at the best available rates offered owners in this property category welcomed relief in 2017, a trend to watch in 2018.
-Capital Sources – Newmark placed a significant majority of commercial mortgages with life insurer and pension lenders in 2017, and expects allocations to be consistent in 2018. Bank sources followed in a distant second, along with CMBS, bridge lenders and alternative sources. CMBS took a step back in 2017, but with additional lenders allowing Newmark to be a primary servicer, Newmark looks to an improvement in 2018.
Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform valued in excess of $10 billion represents more than 1,300 loans located in 40 states. Newmark is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation. For more information please visit www.newmarkrealtycapital.com.
NEWMARK is a trademark of Newmark Realty Capital, Inc. NEWMARK & Design and NEWMARK REALTY CAPITAL are registered trademarks of Newmark Realty Capital, Inc.