Small balance ($2-$10 million) CMBS conduit borrowers no longer enjoy programs that feature fixed transaction costs for third-party reports and lender’s legal charges that are a relative bargain. Those programs, in effect prior to the 2008 CMBS conduit loan market meltdown, no longer exist. Today’s … [Read more...] about 6.30.11: Up-Front Costs Concern Small Balance Conduit Borrowers
Archives for June 2011
6.27.11: SBA Guarantee Premiums Remain Lofty
Recent SBA 7(a) guarantee sales by ValueXpress partner banks confirm tremendous demand from secondary market loan guarantee broker/dealers, even for higher guarantee amounts above the $1.5-million maximum guarantee that existed prior to September 2010. When the SBA 7(a) loan limit was increased to … [Read more...] about 6.27.11: SBA Guarantee Premiums Remain Lofty
6.20.11: ValueXpress to Exhibit at Leuva Patidar Samaj Trade Show in New Orleans, LA
Following tremendous success at the Asian American Hotel Owners (AAHOA) Trade Show in Las Vegas, NV, ValueXpress will be exhibiting at the Leuva Patidar Samaj of USA National Convention and Trade Show in New Orleans, LA at the Marriott Convention Center on Friday, July 29 and Saturday, July 30, … [Read more...] about 6.20.11: ValueXpress to Exhibit at Leuva Patidar Samaj Trade Show in New Orleans, LA
6.18.11: AAHOA Report: Debt Available for Hotel Owners
Hotel owners who attended the recent Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV were encouraged by the improvement noted in room sales in late 2010 and 2011 to date after poor business conditions resulted in revenue declines of at least 10%-30% during the … [Read more...] about 6.18.11: AAHOA Report: Debt Available for Hotel Owners
6.17.11: Subhash Shah Wins IPAD 2 Drawing at AAHOA
Hotel owner Subhash (Sam) Shah was the winner of a new 32GB IPAD 2 at the ValueXpress booth at the Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV last week. When we first contacted Mr. Shah and told him he’d won the IPAD, he responded, “No, I don’t want to buy an … [Read more...] about 6.17.11: Subhash Shah Wins IPAD 2 Drawing at AAHOA
6.10.11: Tighter Spreads Expected on Upcoming Conduit Deal
The senior spreads on a $2.1-billion CMBS offering by UBS, Deutsche Bank and Ladder Capital are shaping up to be slightly tighter than those on another multi-borrower issue that priced last week. The second offering of the year from this trio of lenders is slated soon, following another week of … [Read more...] about 6.10.11: Tighter Spreads Expected on Upcoming Conduit Deal
6.2.11: CMBS Delinquencies Drop to 9.6% in May
The U.S. commercial mortgage-backed securities (CMBS) delinquency rate fell in May to 9.6% for loans 30 or more days delinquent, in foreclosure or REO, according to Trepp LLC, New York. Despite a 5-basis-point (bp) decline, it represented the biggest rate drop for U.S. commercial real estate loans … [Read more...] about 6.2.11: CMBS Delinquencies Drop to 9.6% in May
