Recent spread widening and market volatility are taking their toll on new CMBS loan originations. Transactions totaling only $3.1 billion are in the pipeline for the fourth quarter, down from an average of $8.6 billion in the first two quarters of 2011, according to Commercial Mortgage Alert. As … [Read more...] about 8.25.11: Spread Widening Slows CMBS Originations
Archives for August 2011
8.22.11: M.P. Patel Wins IPAD 2 Drawing at Trade Show in New Orleans, LA
Hotel owner M. P. Patel won a new 32GB IPAD 2 at the ValueXpress booth at the Leuva Patidar Samaj of USA National Convention and Trade Show in New Orleans, LA on Saturday, July 30, 2011. Over 3,000 members attended the National Convention and Trade Show. The majority of the members are hospitality … [Read more...] about 8.22.11: M.P. Patel Wins IPAD 2 Drawing at Trade Show in New Orleans, LA
8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
Investors continue to prefer investment in U.S. apartment buildings over most commercial properties, even commercial office space; total multifamily sales volume jumped nearly 80% in 2011’s second quarter from a year ago. Although still just a fraction of its mid-2007 peak, the nearly $15 billion in … [Read more...] about 8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
8.12.11: CMBS Spread Continue to Widen
Spreads on recent issue CMBS widened further on Monday, August 8, in the wake of Standard & Poor’s decision on Friday, August 5, to lower its triple-A ratings on U.S. Treasuries. Spreads recovered as the week progressed, but benchmark spreads on recent issue AAA-rated senior paper were still … [Read more...] about 8.12.11: CMBS Spread Continue to Widen
8.8.11: Markit to Introduce New Index to Hedge CMBS
Markit, a firm that provides credit default swap information and valuation services, is putting the finishing touches on a new total return swap index, dubbed TRX.2, designed to help CMBS lenders hedge their warehoused loans. With the recent volatility in CMBS spreads, securitization shops are … [Read more...] about 8.8.11: Markit to Introduce New Index to Hedge CMBS
8.4.11: SBA Aims to Avoid Shutdown as 7(a) Loans Approach Cap
With more than two months left in its fiscal year, the SBA has approved more than $16.4 billion in loans through its flagship 7(a) lending program. This record pace, however, has its downside. The 7(a) program is authorized to do only $17.5 billion in loans this fiscal year. Once that cap is … [Read more...] about 8.4.11: SBA Aims to Avoid Shutdown as 7(a) Loans Approach Cap
