The SBA 7(a) program is helping limited-service hotel owners refinance their maturing CMBS conduit loans. “I have seen an unbelievable surge in hotel loan requests from new and existing CMBS conduit loan clients,” comments a surprised Jay Bhakta, a ValueXpress loan originator. “Their CMBS loans are … [Read more...] about 1.27.10: SBA 7(a) Program Helping Hoteliers Refinance Limited-Service Hotel Loans
Archives for January 2010
1.22.10: Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
Special servicers of CMBS conduit loans are increasingly considering discounted pay-offs as a solution to problem CMBS conduit loans. “CMBS loan disposition and modification decisions for CMBS conduit loans have historically been in the hands of special servicers,” explained Michael Sneden, … [Read more...] about 1.22.10: Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
1.18.10: CMBS Conduit Loan Minimum Loan Size Reduced (Again)
ValueXpress is pleased to announce that the minimum loan size for its CMBS conduit program has been further reduced to $2 million nationwide. The program provides for 5-year fixed-rate, non-recourse loans secured by anchored shopping centers, urban/suburban office buildings and multi-tenant … [Read more...] about 1.18.10: CMBS Conduit Loan Minimum Loan Size Reduced (Again)
1.8.10: FHA 223(f) Loan Program a Savior for Apartment Owners
The FHA 223(f) multifamily loan program is proving to be a savior for apartment owners facing loan maturities in 2010. The program is particularly suited for apartment properties that are slightly overleveraged based on today’s standards. “The 223(f) apartment loan program delivers 20% more loan … [Read more...] about 1.8.10: FHA 223(f) Loan Program a Savior for Apartment Owners
1.5.10: SBA 7(a) Loan Guarantee Prices Holding Steady at 109-110
According to a survey of its broker-dealers, ValueXpress reports SBA 7(a) guarantee prices holding steady at 109-110 for 25-year SBA 7(a) loans secured by real estate and priced at the Wall Street Prime Rate plus 2.75%, adjusted quarterly. The sale price provides a 1% servicing fee to the seller. … [Read more...] about 1.5.10: SBA 7(a) Loan Guarantee Prices Holding Steady at 109-110
