Ramco-Gershenson Properties Trust announced that it has closed on a new $31.3-million CMBS loan with J.P. Morgan; the loan is secured by its West Oaks II shopping center in Novi, MI and its Spring Meadows Place shopping center in Holland, OH. The $31.3-million financing represents a loan-to-value of … [Read more...] about 3.29.10: JP Morgan Closes CMBS Conduit Loan, While RBS Prepares Multi-Borrower CMBS Issue
Archives for March 2010
3.28.10: SBA 7(a) Stimulus Provisions Extended through April 30, 2010
U.S. Congress has extended breaks on U.S. Small Business Administration (SBA) loans for another month, making the loans less risky for lenders and more affordable for borrowers. Through April 30, the SBA will guarantee 90% of the amount of its flagship 7(a) loans, and reduce or eliminate fees on … [Read more...] about 3.28.10: SBA 7(a) Stimulus Provisions Extended through April 30, 2010
3.19.10: ValueXpress to Brokers: “Find HUD Loans in Pre-Review States.”
“I have been receiving an increasing number of inquiries from mortgage bankers and brokers asking how to make a living until the commercial mortgage lending markets improve to historical levels,” said Michael D. Sneden, Executive Vice President at ValueXpress. “My advice is to market a viable loan … [Read more...] about 3.19.10: ValueXpress to Brokers: “Find HUD Loans in Pre-Review States.”
3.12.10: RBS Assembling Loans for CMBS Deal
Commercial Real Estate Weekly reported that RBS is getting closer to bringing a genuine CMBS conduit transaction to market, the first in more than a year. The buzz is that the investment bank could launch a deal with some $500 million of recently originated fixed-rate mortgages, some contributed by … [Read more...] about 3.12.10: RBS Assembling Loans for CMBS Deal
3.11.10: Here We Go Again. SBA Stimulus to Expire March 28, 2010
For companies seeking a federally guaranteed Small Business Administration (SBA) loan that doesn't carry origination fees, the clock is ticking. Following the signing of a jobs bill this month, a program of providing guarantees to 90% of the loan and waiving fees is back in place -- but only until … [Read more...] about 3.11.10: Here We Go Again. SBA Stimulus to Expire March 28, 2010
3.5.10: Simon Property Group May Have to Raise Its Offer for General Growth Properties
On March 3, the bankruptcy court granted General Growth Properties a four-month extension to exclusivity, preventing suitors such as Simon Property Group from submitting bids directly to the court. After the four additional months, General Growth could apply for a second extension. We believe … [Read more...] about 3.5.10: Simon Property Group May Have to Raise Its Offer for General Growth Properties
3.4.10: FTN Financial’s Jim Vogel Predicts Moderate Rate Increases
At a client event in Short Hills, NJ, Jim Vogel, Executive Vice President of Capital Markets for FTN Financial, laid out an expected timeline for anticipated interest rate increases over the next few years. Vogel believes interest rate increases may be more moderate and more spread out than the … [Read more...] about 3.4.10: FTN Financial’s Jim Vogel Predicts Moderate Rate Increases
