prnewswire | October 07, 2020
LCR Capital Partners is excited to announce that Louis Frost has agreed to join LCR as a Senior Advisor focused on real estate developers, real estate transactions, and related elements of LCR's business. Lou brings a wealth of real estate and finance experience to LCR having closed over $30 billion in real estate and finance transactions over almost twenty years. Prior to joining LCR, Lou served as KPMG's National Real Estate Advisory Leader, a Senior Vice President with Macquarie Capital's Real Estate Private Equity Team, a Vice President with Goldman Sachs' Real Estate Investment Banking Team, and as an investment banking associate at Deutsche Bank.
REAL ESTATE TECHNOLOGY
Walker & Dunlop, Inc. | November 16, 2021
Walker & Dunlop, Inc. announced the launch of a new digital lending platform powered by machine learning to dramatically grow its small balance multifamily lending business.
"Multifamily investors want a faster and more transparent borrowing experience, That's why we asked our data scientists and engineers to automate loan sizing and pricing. We created a more efficient process for investors to review financing options, tailor them to their projects' needs, and monitor the loan process with dramatically more transparency – all through our custom-built technology."
- Walker & Dunlop Senior Vice President and Chief Production Officer Alison Williams.
Walker & Dunlop's small balance technology platform brings the following advantages:
Streamlined lending experience that automatically generates quotes in minutes utilizing predictive algorithms and property cash flows
Interest rate and property value calculations using proprietary data on real-time rents, expenses, and sales comparables
Greater transparency of loan terms from quote to close
Walker & Dunlop will continue to accelerate the growth of its small multifamily loan platform by automating underwriting processes, expanding its brand as the premier multifamily lender in the U.S., and combining its best-in-class people with best-in-class technology to deliver the best financing experience to our clients.
Walker & Dunlop is the top provider of capital to the U.S. multifamily market, originating $31 billion in transactions and financing over $24 billion of multifamily properties in 2020. The company is also a top-ranked Agency lender and was named the #1 Fannie Mae DUS® Lender and #4 Freddie Mac Optigo® Lender in 2020. Walker & Dunlop's dedicated team has experience with all loan types within the small multifamily loans space, including Freddie Mac Small Balance Loans and Fannie Mae Multifamily Small Loans, which provide financing for different property types, such as market-rate properties, mixed-use properties, and manufactured housing communities (MHC).
Multifamily loans under $10 million in size accounted for $80 billion in total loan volume in 2020 and 22% of all commercial mortgage originations. This fast-growing market is highly fragmented with more than 3,000 capital providers. Walker & Dunlop is using its people, brand, and technology to scale rapidly and grow market share in this exciting market.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of capital to the multifamily industry in the United States and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities — where Americans live, work, shop and play — to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees across every major U.S. market, Walker & Dunlop has consistently been named one of Fortune's Great Places to Work® and is committed to making the commercial real estate industry more inclusive and diverse while creating meaningful social, environmental, and economic change in our communities.
REAL ESTATE TECHNOLOGY
MIAX | September 16, 2021
MIAX, creator and operator of high-performance securities exchanges, products and services, will launch cash-settled futures contracts on BRIXX™ Commercial Real Estate (CRE) Indexes developed by Advanced Fundamentals. The first contract to be listed will be the BRIXX Retail Index futures contract which is expected to begin trading on October 4, 2021. Three additional BRIXX CRE Index futures are expected to be listed in the fourth quarter of 2021. Cash-settled options on the BRIXX CRE Indexes will launch on MIAX, also targeted for fourth quarter of 2021. The launch of the futures and options contracts remain subject to regulatory approval.
BRIXX futures and options will provide investors with targeted exposure to the $16 trillion commercial real estate market, including the Residential, Retail, Office and Hospitality commercial real estate sectors. BRIXX CRE Indexes measure real-time real estate returns and are priced using real-time public market data aggregating over $750 billion in property values. The design also allows the BRIXX CRE Indexes to be priced in terms that real estate professionals know and understand such as price per room key (Hospitality), or price per square foot (Residential, Office, Retail).
We are pleased to launch the new BRIXX CRE futures, which are based on Advanced Fundamentals' suite of index products that measure real estate prices without the pricing lag associated with traditional CRE indexes, These products provide professional real estate investors with an innovative tool that affords real time access and synthetic exposure to the physical real estate market
-Thomas P. Gallagher, Chairman of MGEX and Chairman & CEO of MIAX.
Cash-settled futures contracts will be listed on MGEX via the CME GLOBEX® platform and will be cleared by MGEX, a wholly owned subsidiary of MIAX's parent holding company, Miami International Holdings.
We believe real estate funds and institutional professionals will be attracted to BRIXX futures and options and that the products have the potential to provide an entirely new asset class of commercial real estate derivatives to the industry. Advanced Fundamentals has devoted significant resources to the design of the BRIXX CRE indexes, incorporating considerable feedback from the industry throughout the design process and we look forward to launching this innovative suite of derivatives for the industry.
- John Smollen, Executive Vice President and Head of Exchange Traded Products and Strategic Relations at MIAX
MIAX's parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC, MIAX PEARL, MIAX Emerald, LLC (MIAX Emerald®), the Minneapolis Grain Exchange, LLC (MGEX), and the Bermuda Stock Exchange. MIAX, MIAX Pearl and MIAX Emerald are national securities exchanges registered with the Securities and Exchange Commission (SEC) that leverage MIAX's industry-leading technology and infrastructure to provide U.S. listed options trading to their member firms. MIAX serves as the exclusive exchange venue for cash-settled options on the SPIKES® Volatility Index (Ticker: SPIKE), a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). In addition to options, MIAX Pearl facilitates the trading of cash equities through MIAX Pearl Equities™. MGEX is a registered exchange with the Commodity Futures Trading Commission (CFTC) and is a Notice Registered Securities Futures Product Exchange with the SEC. MGEX serves as the exclusive market for a variety of products, including Hard Red Spring Wheat and SPIKES Futures. In addition, MGEX is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM, DCO and cash market services in an array of asset classes. The BSX is a leading electronic international securities market regulated by the Bermuda Monetary Authority (BMA) specializing in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities. A full member of the World Federation of Exchanges and affiliate member of the International Organization of Securities Commissions, the BSX is globally recognized, including by the SEC.