Commercial mortgage

Murphy Oil Corporation Announces Third Quarter 2023 Financial and Operating Results, Advances Capital Allocation Framework, Increases Share Repurchase Authorization, Raises Full Year 2023 Production Guidance

Retrieved on: 
Thursday, November 2, 2023
Oil, Gas, Energy, Duvernay, NCI, NYSE, Workover, Terra Nova, Tax, EDT, MP, National Oil Corporation, Paon DP, Public expenditure, EBITDA, CAPEX, Telephone, Share repurchase, News, GAAP, Acquisition, CALL, Internet, Natural gas, Commercial mortgage, Senior, Murphy Oil, Eagle Ford Group, Borrowing base, Depreciation, AECO, MUR, Oso, Calendar, Cryptocurrency, Management, Bookkeeping, Bank, Petroleum, Gulf of Mexico, Murphy

Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.

Key Points: 
  • Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.
  • During the third quarter, Murphy repurchased $75 million, or 1.7 million shares outstanding, at an average price of $44.53 per share.
  • Subsequent to the quarter, the share repurchase authorization was increased by $300 million, and Murphy now has $525 million remaining.
  • As previously disclosed, the capital allocation framework defines Murphy 1.0 as when long-term debt exceeds $1.8 billion.

BTIG Investment Banking Adds Jay Magee to Financial Institutions Group

Retrieved on: 
Friday, June 23, 2023
Banking, Professional Services, Finance, Kenya Institute for Public Policy Research and Analysis, Housing, CFA, Health, Policy, Research, Commercial mortgage, ATM, Direct Corporate Access, Initial public offering, Entrepreneurship, Investment, Roman Catholic Diocese of La Crosse, Financial services

BTIG announced today that Jay Magee has joined the firm as a Managing Director within Investment Banking’s Financial Institutions Group.

Key Points: 
  • BTIG announced today that Jay Magee has joined the firm as a Managing Director within Investment Banking’s Financial Institutions Group.
  • Prior to joining BTIG, he was a Managing Director and Co-Head of the Financial Services Group at JMP Securities, where he held several roles since 2005.
  • “We are thrilled to welcome Jay to BTIG,” said Scott Kovalik, Co-Founder and Chief Executive Officer of BTIG.
  • Jay brings a remarkable level of expertise and industry knowledge to our Financial Institutions Group, making us better positioned to provide comprehensive solutions to our global clients.

Simplifying Calculation Launches New Personal Financial Statement and NetWorth Calculator for a Comprehensive Financial Snapshot

Retrieved on: 
Monday, February 6, 2023
Personal financial management, BETA, Business, Investment, Growth, Financial management, SBA, PFS, Small business, Commercial mortgage, Software, Silicon, Bank, Surveying, Financial services

A Personal Financial Statement (PFS) is a summarized document that outlines an individual's net worth.

Key Points: 
  • A Personal Financial Statement (PFS) is a summarized document that outlines an individual's net worth.
  • Knowing one's net worth is the primary reason for preparing a Personal Financial Statement.
  • For more information on PFS/NetWorth Calculator from Simplifying Calculation, please visit Net Worth Calculator .
  • Simplifying Calculation aims to help simplify the calculation process that is a part of any financial transaction, be it for personal finance, small business, or investments.

Harmony Garden Estates Receives Multifamily Award of Excellence

Retrieved on: 
Wednesday, April 27, 2022
Other Professional Services, Commercial Building & Real Estate, Construction & Property, Finance, Professional Services, Urban Planning, Other Construction & Property, Residential Building & Real Estate, CEO, BGC, Housing, National Association, Income, Commercial mortgage, Organization, Conference, COO, PHA, Rehabilitation, RAD, LIHTC, MAP, Public housing, HUD, Magnolia, Real estate, Harmony Garden

Highland Commercial Mortgage, a Birmingham-based, nationally-ranked MAP and LEAN approved lender, announced in conjunction with BGC Advantage, an award-winning property developer, that the Harmony Garden Estates property, located in Alexandria, LA, has received the Multifamily Award of Excellence issued by the National Association of Local Housing Finance Agencies.

Key Points: 
  • Highland Commercial Mortgage, a Birmingham-based, nationally-ranked MAP and LEAN approved lender, announced in conjunction with BGC Advantage, an award-winning property developer, that the Harmony Garden Estates property, located in Alexandria, LA, has received the Multifamily Award of Excellence issued by the National Association of Local Housing Finance Agencies.
  • The Harmony Garden Estates property is a 4% LIHTC RAD conversion consisting of 172 Units.
  • The $23,385,113 in development upgrades was part of multiple RAD redevelopment projects in the community, including Harmony Gardens, Bayou, Magnolia Homes, and Royal Cambridge.
  • The award was formally presented at a ceremony held at the 2022 NALHFA Conference April 24-27 in New York.

J.P. Morgan Global Alternatives Builds Out Private Credit Team, Doubles Commercial Mortgage Loan Assets

Retrieved on: 
Tuesday, December 14, 2021
Real estate, AUM, COVID, Vassar College, BBVA USA, Growth, Banq (term), Product life-cycle theory, Banc of America Securities (1998–2008), Acquisition, University, CML, Private credit, J.P. Morgan in the United Kingdom, HUD, Transport, JPMorgan Chase, ABX, Barclays Investment Bank, Commercial mortgage, Master, BBVA, Multimedia, ABS, J. P. Morgan, Bachelor, View, Bank, Financial services, Science

Raphael Gonzalez, Senior Investment Specialist, J.P. Morgan Global Alternatives - Raphael joins from Exos Financial where he worked in structured credit, focused on lending and structuring in the commercial finance space.

Key Points: 
  • Raphael Gonzalez, Senior Investment Specialist, J.P. Morgan Global Alternatives - Raphael joins from Exos Financial where he worked in structured credit, focused on lending and structuring in the commercial finance space.
  • Kelly von Schmid, Vice President, J.P. Morgan Global Alternatives- Kelly joins the Commercial Mortgage Loan team as an originator, responsible for sourcing new lending opportunities on behalf of commingled funds and separate accounts managed by J.P. Morgan Asset Management.
  • About J.P. Morgan Global Alternatives & J.P. Morgan Private Capital
    J.P. Morgan Private Capital provides customized financing solutions for private companies across the capital structure and is comprised of a growth equity arm and a private debt business that spans corporate lending, distressed lending, special situations, and asset-based lending strategies.
  • J.P. Morgan Private Capital is part of J.P. Morgan Global Alternatives, the alternative investment arm of J.P. Morgan Asset Management.

The Standard Announces Leadership Team and Organizational Changes

Retrieved on: 
Friday, December 10, 2021
Insurance, Professional Services, Twitter, The Standard, LinkedIn, McMillan, Commercial mortgage, Pension, StanCorp Financial Group, Financial plan, Insurance, Investment management, Impax Asset Management Group, Fixed income, Standard Insurance Company, Beaulieu, Growth, Leadership, Multimedia, LLC, Standard, Real estate, View, Management

Standard Insurance Company (The Standard) today announced that Scott Hibbs, vice president and chief investment officer, will retire at the end of December.

Key Points: 
  • Standard Insurance Company (The Standard) today announced that Scott Hibbs, vice president and chief investment officer, will retire at the end of December.
  • The company also announced several leadership team and organizational changes that support the companys continued focus on growth and innovation.
  • View the full release here: https://www.businesswire.com/news/home/20211210005082/en/
    Scott Hibbs, vice president and chief investment officer at The Standard, will retire at the end of December.
  • (Photo: Business Wire)
    Scotts leadership has been integral to the ongoing innovation and success across our asset management businesses, said Dan McMillan, president and chief executive officer of The Standard.

KBRA Releases Research – CMBS Loan Performance Trends: July 2021

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Finance, Money, Mortgage, Structured finance, Financial services, United States housing bubble, Commercial mortgage-backed security, Loan servicing, Mortgage-backed security, Commercial mortgage, Capital Services Group, Primary servicer

Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2021 servicer reporting period.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2021 servicer reporting period.
  • This month, KBRA also analyzed the special servicing and modification activity of CMBS 2.0 loans outstanding at the start of the pandemic.
  • From April 2020 to June 2021, 1,383 (7.1%) loans transferred to special servicing, totaling $49.5 billion (11.1%).
  • Of these, 28.6% by loan count and 34.6% by balance have transferred back to the master servicer.

KBRA Assigns Preliminary Ratings to Benchmark 2021-B28

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Finance, Finance, Money, Financial markets, Mortgage-backed security, Structured finance, Fixed-income securities, Mortgage, Commercial mortgage-backed security, Commercial mortgage, KBRA, Mortgage loan, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.
  • The collateral properties are located throughout 30 MSAs, of which the three largest are New York (31.3%), Miami (5.3%), and Chicago (4.7%).
  • The pool has exposure to most major property types, with two types representing more than 15.0% of the pool balance: office (40.7%) and retail (24.3%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.8% less than third party appraisal values.

Gantry Completes $2.1 Billion of Commercial Mortgages in First Half 2021

Retrieved on: 
Tuesday, July 20, 2021
Banking, Commercial Building & Real Estate, Construction & Property, Professional services, Mortgage, Money, Finance, Banking, Economy, Loans, Commercial mortgage, Corporate finance, Mortgage loan, Subprime mortgage crisis, Super jumbo mortgage

Gantry, the largest independent commercial mortgage banking firm in the U.S., has completed in excess of $2.1 billion of new commercial placements during the first half of 2021.

Key Points: 
  • Gantry, the largest independent commercial mortgage banking firm in the U.S., has completed in excess of $2.1 billion of new commercial placements during the first half of 2021.
  • This total reflects a highly favorable lending environment for borrowers across the spectrum of commercial real estate asset classes.
  • This has motivated a broad spectrum of lenders to prioritize commercial mortgage allocations, said Michael Heagerty, CFO and Principal with Gantry.
  • The resulting climate has provided the vast majority of commercial real estate owners with a variety of attractive financing options to refinance or acquire properties.

KBRA Assigns Preliminary Ratings to MHP Commercial Mortgage Trust 2021-STOR

Retrieved on: 
Thursday, July 15, 2021
Banking, Professional services, Finance, Finance, Money, Financial services, Loans, Banking, Mortgage, Structured finance, Commercial mortgage-backed security, Commercial mortgage, Mortgage loan, Securitization, Floating interest rate

Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to nine classes of MHP Commercial Mortgage Trust 2021-STOR, a CMBS singe-borrower securitization.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) announces the preliminary assignment of ratings to nine classes of MHP Commercial Mortgage Trust 2021-STOR, a CMBS singe-borrower securitization.
  • The collateral for the transaction is a $468.0 million non-recourse, first lien mortgage loan.
  • The floating rate loan has an initial two-year term with three one-year extension options and requires monthly interest-only payments based on one-month LIBOR.
  • The portfolio properties total 4.0 million sf, inclusive of 678,097 sf of commercial and parking space, with assets ranging from 16,022 sf to 175,750 sf.