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Seattle & Northwest  + Finance  | 

Competition in Seattle’s MF Lending Market Intensifies

Lending on multifamily properties in the Puget Sound region is on track for a banner year, according to a new report by Kidder Mathews. Multifamily lending is up 16% in the first seven months of 2019 from the same period in 2018.

The study authored by debt finance specialist Alex Mundy shows banks remain the largest multifamily lenders by volume with a 35% market share, despite a 13% decline in loan volume versus 2018. Rising loan volumes were driven by new investment from Fannie Mae and Freddie Mac (up 24%), life insurance companies (up 43%), and CMBS conduits (up 164%).

Seattle’s diverse pool of national lenders reflects its persisting importance as a key investment center, while rising loan volumes are the result of the region’s growing supply of apartments and the increasing income of multifamily assets.

In 2018, Wells Fargo was the top multifamily originator in the region out of 168 active lenders. Other top lenders by volume include CBRE for agency, PGIM for life companies, Citibank for CMBS, and Pyatt Broadmark for debt funds.

Connect Seattle is set for this week at Coterie Worklounge. Plan to join us on November 7th for the afternoon of CRE conversations and networking. You can find out more information and register on this link.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Kidder Mathews, PGIM
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Inside The Story

Read more at Kidder Mathews Multifamily Lending Market UpdateConnect With Kidder Mathews’ Mundy

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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