Archives for October 2011

Recently I took a call from one of our most active CMBS conduit relationships. “Mike, I need $100 million in CMBS conduit loans by year-end, can you help me out?” On one hand, I was surprised; on the other, not so much. It’s just another example of how quickly the CMBS conduit lending market can … [Read more...] about 10.21.11: CMBS Conduit Partner Needs $100M in Loans by Year-End

ValueXpress, which provides CMBS investment advisory services to community banks, has recommended a select set of 2005 AJ CMBS for its bank clients to purchase, and many have made purchases in the past week at yields in excess of 6% for CMBS with an average life of about four years. This compares … [Read more...] about 10.18.11: Spread Widening Provides Investment Opportunity in 2005 Class AJ CMBS

The U.S. Small Business Administration (SBA) has relaxed regulations on loan qualifications, and as a result, the 504 loan program has begun accepting applications from a greater number of small businesses to refinance existing real estate debt. The SBA received extensive feedback from the 504 … [Read more...] about 10.13.11: SBA Releases New 504 Refinancing Guidelines on Cash-Out

Earlier this month Reis reported that U.S. apartment vacancies fell to a five-year low in the third quarter of 2011 to 5.6%, enabling landlords to increase rents even though the overall economic picture is less than rosy. The 5.6% vacancy rate is the lowest since the third quarter of 2006 and … [Read more...] about 10.7.11: Uptick Seen in CMBS Conduit Multifamily Originations

The performance of securitized commercial mortgages improved slightly last month, according to Fitch, while Trepp reports little change in delinquency for September. The 60-day delinquency rate for commercial mortgage backed securities (CMBS) loans finished September at 8.6%, according to Fitch, … [Read more...] about 10.3.11: Trepp and Fitch Report CMBS Delinquency for September