According to Trepp, JPMorgan’s $716.3-million CMBS issue, the second conduit package to go on the market this year, closed on June 24. The $416-million Class A1, representing 58% of the issue with an average expected life of 4.5 years, carried a coupon of 3.85%. The $131-million Class A2, … [Read more...] about 6.28.10: JP Morgan Closes CMBS Issue
Archives for June 2010
6.24.10: New Loan Poolers Will Help Jump Start Secondary Market for 504 Loans
The U.S. Small Business Administration (SBA) announced the first nine loan pool originators authorized by the agency to assemble and sell pools of 504 program first mortgage loans, a major step to jump starting a secondary market that should make fixed-asset financing more widely available for small … [Read more...] about 6.24.10: New Loan Poolers Will Help Jump Start Secondary Market for 504 Loans
6.22.10: An Extender Bill for SBA Fee Funding Might Not Pass Anytime Soon
The “Extender” bill (HR 4213) that passed the House a couple of weeks ago and is now in the Senate for consideration might not pass anytime soon, if at all, according to Chris Crawford, President and CEO of NADCO. This huge and controversial bill, which includes funding to continue the offset for … [Read more...] about 6.22.10: An Extender Bill for SBA Fee Funding Might Not Pass Anytime Soon
6.10.10: JPMorgan’s Upcoming CMBS Issue Gets High Marks from Rating Agencies
JPMorgan Chase’s upcoming $716.3-million CMBS issue, the second conduit package to go on the market this year, is getting high marks from ratings agencies despite risks attached to some of the underlying loans. There will be more such conduit deals as 2010 progresses, according to the CRE Finance … [Read more...] about 6.10.10: JPMorgan’s Upcoming CMBS Issue Gets High Marks from Rating Agencies
6.8.10: U.S. House Could Vote on Small-Business Package This Week
The U.S. House of Representatives could vote as early as this week (week of June 7) to approve legislation that would create a $30-billion fund aimed at spurring small-business lending. The bill embodies a plan first floated by President Barack Obama in his State of the Union address in January. But … [Read more...] about 6.8.10: U.S. House Could Vote on Small-Business Package This Week
6.4.10: Risk-Retention Provision of Financial Reform Bill May Impact CMBS
On May 20, the Senate approved far-reaching new financial rules aimed at preventing the risky behavior and regulatory failures that brought the economy to the brink of collapse two years ago and cost millions of Americans their jobs and savings. As the broad legislation heads to a U.S. House-U.S. … [Read more...] about 6.4.10: Risk-Retention Provision of Financial Reform Bill May Impact CMBS
