Chandan Economics

Q1 2013 Apartment Financing Trends

Apartment debt yields fell below 9.0 percent during the first quarter, as lenders vied for opportunities to originate loans against performing assets with low cash flow risk. Financing cap rate and interest rate spreads both narrowed.

Special Report on Apartment Lending and Credit Risk

Even as underwriting holds to in-place cash flow, historically low-cost financing and the competitive overlap between agency and non-agency lenders are driving exit risks for new loans. These risks are largely mispriced by conventional credit risk models.

Q4 2012 Bank Default and Lending Report

Banks' multifamily and commercial property default rates fall. Biggest jump in net lending in four years.

Measuring Agency MBS Risk

Using the same models applied to bank and life company loans, the Agency Loan Analyst report quantifies potential default and loss severity across each new issue's loan pool.

Lending Trends Data & Reports

Based on Chandan Economics' database of new multifamily and commercial real estate loans, originated across balance sheet, agency, and conduit lenders.

LATEST RESEARCH & REPORTS
May 8 | National Commercial Debt & Investment Trends (Industrial, Office, and Retail) Q1'13 Report | Summary
May 3 | National and Metro Apartment Debt & Investment Trends Q1'13 Reports
May 2 | RELA–Chandan Survey of Commercial Real Estate Lender Sentiment Q1'13

CHANDAN VIDEO

May 10 | Mortgage Observer

RELA and Chandan Report Mixed Lender Outlook in Latest Quarterly Survey

The Mortgage Observer writes: The Real Estate Lenders Association and Chandan Economics’s first-quarter 2013 Survey of Lender Sentiment is out, and the results are somewhat mixed, as lenders see more qualified borrowers but an increase in competition.

Download the May 10 Mortgage Observer Weekly.

May 10 | Mortgage Bankers Association

Debt Yields and Financing Cap Rates Leveling Off | by Michael Tucker

Q1 2013 Commercial Property Financing Trends

RELEASED MAY 2013
Selected Findings from the Q1 2013 Commercial Real Estate Financing National Trends Report
Jump to Apartment Trends Summary

Housing Has Bounced Back, but Capitol Hill Holds Key to Sustained Recovery

May 2 | CNBC: The Call

What to Expect From the April Jobs Report | Interview with Bernie Lo

May 1 | New York Observer

Keynesians Have the Upper Hand in Sovereign Debt Debate | by Sam Chandan

Sam Chandan writes for the Commercial Observer: The Austerians have lost one of their most powerful corroborations. At least for political purposes, the oft-cited and rather particular relationship between sovereign debt and growth has been sundered by a graduate student’s homework assignment. Never has so much of consequence turned on a spreadsheet error.