Archives for January 2011

On December 28, 2010, Goldman Sachs and Citigroup teamed up on an $876-million CMBS transaction backed by 43 commercial mortgages they had recently originated. The deal, GS Mortgage Securities Trust, 2010-C2 was the most recent multiborrower CMBS transaction. The market awaits new CMBS issues from … [Read more...] about 1.27.11: Looking Under the Hood of the Goldman/CitiGroup CMBS Deal

Small businesses at the Shore received 177% more money from U.S. government-backed loans during the quarter that ended December 31, 2010 than the same time a year earlier, the U.S. Small Business Administration said Wednesday. Volume was aided by a program that temporarily waived fees and increased … [Read more...] about 1.26.11: Small-Business Loan Amounts Rise at the Jersey Shore

Our ValueXpress biweekly News & Recent Closings is now available on WordPress. Subscribers can continue to receive News & Recent Closings via our biweekly email Blast; however, for those of you who have been challenged by spam filters and other issues, this is your answer: Go to … [Read more...] about 1.19.11: ValueXpress News & Recent Closings Biweekly Now on WordPress

Recently one of our bank partners asked us whether it should hold SBA-guaranteed loans in portfolio for ongoing net interest income or sell the guarantee for an up-front profit. We replied that the answer depends on a variety of factors, including bank capital and deposit levels, loan portfolio … [Read more...] about 1.13.11: SBA Guarantees: Should I Sell or Should I Hold

The first week of 2011 saw a ferocious rally in CMBS: spreads plummeted across all classes of CMBS in new and older vintage issues. The benchmark CMBS issue, GSMS 2007-GG10, ended the week at 210 basis points (bp) over swaps and is poised to break 200 bp, a level not since early July 2008. Also, … [Read more...] about 1.7.11: CMBS Prices Rally Yet Again

ValueXpress is talking with a southern community bank about working together in originating government guaranteed loans [SBA 7(a), 504 and USDA B&I] in Mississippi, Louisiana, southern Alabama and the panhandle of Florida. The relationship would extend ValueXpress’ direct government guaranteed … [Read more...] about 1.3.11: ValueXpress in Discussion for New SBA Relationship