Archives for December 2009

“This year will likely be a turning point in the lending industry as the economic recovery takes hold,” believes Gary Unkel, a loan originator for ValueXpress. “The early part of 2010 will be led by government-sponsored lending programs, such as Fannie Mae and HUD for multifamily and the SBA 7(a) … [Read more...] about 12.26.09: Will 2010 Bring a Recovery in Lending?

CMBS prices have slowly tightened in the latter part of December 2009 as buyers continue to purchase senior investment grade CMBS that are eligible for financing under the government’s Term Asset-Backed Securities Loan Facility (TALF), which allows CMBS investors to leverage their CMBS returns. In … [Read more...] about 12.24.09: CMBS Prices Grind Tighter: 2010 Outlook

WASHINGTON -- President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through February 28, 2010 the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs … [Read more...] about President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs

WASHINGTON -- President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through February 28, 2010 the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs … [Read more...] about 12.22.09: President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs

Bridger Commercial Funding announced it will resume originating new commercial real estate loans on income-producing properties. Loans made under Bridger’s new program will be underwritten to eligibility standards for securitization under the Federal Reserve’s Term Asset-Backed Securities Loan … [Read more...] about Bridger Restarts CMBS Conduit Loan Program

Bridger Commercial Funding announced it will resume originating new commercial real estate loans on income-producing properties. Loans made under Bridger’s new program will be underwritten to eligibility standards for securitization under the Federal Reserve’s Term Asset-Backed Securities Loan … [Read more...] about 12.14.09: Bridger Restarts

ValueXpress is pleased to announce that the minimum loan size for its CMBS conduit program has been reduced to $5 million in the Northeast and South to Virginia. The program provides for 5-year fixed-rate, non-recourse loans secured by anchored shopping centers, urban/suburban office buildings and … [Read more...] about CMBS Conduit Loans: Minimum Loan Size Reduced

Three new issues of CMBS securities backed by newly originated commercial mortgages are making their way to eager investors. Commercial Mortgage Alert (CMA) reports that Goldman, Sachs & Co. priced a $400-million CMBS offering for Developers Diversified Realty (DDR), a shopping center REIT, on … [Read more...] about Three New CMBS Issues Kick-Start the CMBS Market

Three new issues of CMBS securities backed by newly originated commercial mortgages are making their way to eager investors. Commercial Mortgage Alert (CMA) reports that Goldman, Sachs & Co. priced a $400-million CMBS offering for Developers Diversified Realty (DDR), a shopping center REIT, on … [Read more...] about 12.3.09: Three New CMBS Issues Kick-Start the CMBS Market