commercial lending – PROGRESS in Lending

BeSmartee Enters The Commercial Market Through An Acquisition Of FlashSpread

January 12, 2022 PROGRESS In Lending acquisition, Besmartee, commercial lending, FlashSpread

BeSmartee, a fintech firm and provider of modern digital mortgage platforms for financial institutions, has acquired FlashSpread, a financial analysis as a service company, specializing in instant tax spreading for commercial lenders and fintech companies. FlashSpread’s commercial lending technology is a natural complement to BeSmartee’s digital mortgage platforms, and will accelerate BeSmartee’s growth strategy under which the brand has prioritized increased automation.

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Commercial/Multifamily Mortgage Debt Increased 1.5 Percent In Q2

September 28, 2021 PROGRESS In Lending commercial lending, debt, MBA, multifamily lending

The level of commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter of 2021, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

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Commercial And Multifamily Borrowing Declines 14 Percent In The First Quarter Of 2021

May 12, 2021 PROGRESS In Lending commercial lending, MBA, multifamily lending

Commercial and multifamily mortgage loan originations decreased 14 percent in the first quarter of 2021 compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In line with seasonality trends, originations during the first three months of the year were 37 percent lower than the fourth quarter of 2020.