Killeen-Temple-Fort Hood, Texas claimed the top spot in the 2010 Best Performing Cities index, according to the Milken Institute. The area edged up from second place in 2009. The area is heralded for its economic performance amid severe national recession. The metro area’s job growth ranked in the … [Read more...] about 4.28.11: Killeen-Temple-Fort Hood, TX Claims Top Spot in 2010 Best Performing Cities
Archives for April 2011
4.25.11: Moving the 504 Refinance Program Forward: SBA Removes Another Roadblock
As some banks discovered as they tried to move new 504 refinance loans through the SBA regional approval centers, their loans were getting thwarted -- not by the SBA, but by the lender that held the note the new lender was trying to refinance. SBA Form 2416 was modified effective April 14, 2011, so … [Read more...] about 4.25.11: Moving the 504 Refinance Program Forward: SBA Removes Another Roadblock
4.22.11: ValueXpress to Exhibit at AAHOA Trade Show in Las Vegas, NV
ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Las Vegas, Nevada June 16-17, 2011. ValueXpress will be located in booth 452 at the Sands Expo and Convention Center noon-6:00 p.m. on both Thursday, June 16 and Friday, June 17. “ValueXpress is an Allied … [Read more...] about 4.22.11: ValueXpress to Exhibit at AAHOA Trade Show in Las Vegas, NV
4.19.11: Underwriting on CMBS Loans Loosens as Cautious Optimism Hits
Underwriting on CMBS loans is loosening as originators compete for more business in a sector that's starting to heat up again. "The first transactions to emerge from CMBS 2.0 were very conservative in most facets, benefiting an industry emerging from a very stressful period," said Huxley Somerville, … [Read more...] about 4.19.11: Underwriting on CMBS Loans Loosens as Cautious Optimism Hits
4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
In 2009 and 2010, the SBA provided notice that it was increasing its level of supervision over certain higher risk SBA lenders that participate in the secondary market. Specifically, the notices covered all SBA lenders that seek to sell loans into the secondary market and are subject to (1) a Cease … [Read more...] about 4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
4.7.11: ValueXpress Lowers CMBS Conduit Loan Minimum to $1 Million
ValueXpress has lowered the minimum loan amount for CMBS conduit loans to $1 million, effective immediately. On CMBS conduit loans between $1 million and $5 million, 5- and 10-year loan terms are available based on 25-year amortization (30 years for multi-family and manufactured housing … [Read more...] about 4.7.11: ValueXpress Lowers CMBS Conduit Loan Minimum to $1 Million
4.1.11: CMBS Prices Recover from Disaster in Japan
CMBS prices have slowly risen since the earthquake and tsunami in Japan on March 11 and subsequent concerns about unrest in the Middle East. Prices have recovered close to levels seen before the disaster. Spreads on senior investment-grade CMBS have generally tightened 5-10 basis points weekly. … [Read more...] about 4.1.11: CMBS Prices Recover from Disaster in Japan
