Archives for October 2010

ValueXpress is experiencing an extraordinary flow of SBA 7(a) applications that is expected to continue through yearend. The demand for 7(a) loans is a result of the combination of fee waivers, higher guarantees (90% versus 75%) and higher loan limits for borrowers ($5 million). ValueXpress received … [Read more...] about 10.29.10: SBA 7(a) Applications Brisk Until End of Year

ValueXpress and Lumbee Guaranty Bank, based in Pembroke, NC, recently teamed up to secure a $1,950,000 SBA 7(a) loan commitment secured by a 57-room Country Inn & Suites hotel located on I-95 in Lumberton, NC. The borrower is a client of both ValueXpress and Lumbee Guaranty Bank. ValueXpress … [Read more...] about 10.26.10: ValueXpress and Lumbee Guaranty Bank Obtain SBA 7(a) Approval

Multifamily property loans have been slow to return to CMBS conduit transactions, primarily due to the high leverage and low initial DSCR that has resulted in poor performance of multifamily properties in CMBS transactions. According to Trepp, 14.4% of multifamily transactions are delinquent as of … [Read more...] about 10.20.10: ValueXpress CMBS Partner Seeks Multifamily Loans

For the week ended October 15, spreads on recent vintage super senior AAA-rated CMBS tightened 8-12 basis points (bp).  The spread of 265 on the GG10’s on October 15 was the tightest closing level for that bond in 2010 to date.  The GSMS 2007-GG10 A4 bond outperformed the broader market as … [Read more...] about 10.15.10: CMBS Prices Continue to Rise

According to an SBA spokesperson, the SBA “will be ready to accept applications for loans in excess of $2 million starting the week of October 18,” despite a recent report by Randy Griffin, President of CSRA Business Lending, that suggested the increase in SBA loan amounts to $5 million will take … [Read more...] about 10.8.10: SBA to Accept Applications for Loans in Excess of $2 Million

A projected threefold increase in securitized lending next year would boost spirits among prospective borrowers but do little to help the majority of commercial real estate investors obtain financing, experts say. Issuers of CMBS continue to shun riskier secondary markets. CMBS issuance nationally … [Read more...] about 10.6.10: Resurgent CMBS Market No Cure-All for Troubled Borrowers

Commercial Real Estate News reports that JPMorgan Chase has launched a $1.1-billion CMBS transaction backed by 30 mortgages it recently originated. JPMorgan Chase Commercial Mortgage Securities Trust 2010-C2 is the second multi-borrower transaction and third CMBS deal issued by the investment bank … [Read more...] about 10.1.10: JPMorgan Launches $1.1-Billion CMBS Conduit Offering