Deutsche Bank and J.P. Morgan will be the top issuers of CMBS when the final “league tables” are tallied for 2011. Deutsche and J.P. Morgan were in a dead heat for the top position as the year closed. Headed into year-end 2011, Deutsche has $6.8 billion of global CMBS credit, followed by J.P. Morgan … [Read more...] about 12.30.11: Top CMBS Issuers of 2011
Archives for December 2011
12.28.11: Sears and Kmart Closings May Affect CMBS Loans
News from Sears Holdings Corp. threatened to jolt CMBS investors on Tuesday morning: Sears announced that it would be closing up to 120 stores -- a mix of both K-Mart stores and Sears stores. The news sent Sears stock plunging 18%. According to a report by Bloomberg on Tuesday morning, this was the … [Read more...] about 12.28.11: Sears and Kmart Closings May Affect CMBS Loans
12.21.11: Mezzanine Loans Available for CMBS Originations
Mezzanine financing remains readily available to help bridge declining property values in situations where the refinancing of existing debt with a new first mortgage alone cannot pay off maturing debt. A typical 65% loan-to-value first mortgage can be increased to 75% using a mezzanine structure. … [Read more...] about 12.21.11: Mezzanine Loans Available for CMBS Originations
12.16.11: Commercial Lending Outlook for 2012
“The amount of CMBS conduit loans should increase for ValueXpress and the industry for 2012, but not by leaps and bounds,” estimates Michael D. Sneden, Executive Vice President at ValueXpress. “I think the market as a whole, which generated about $30 billion in CMBS loans in 2011, will grow to about … [Read more...] about 12.16.11: Commercial Lending Outlook for 2012
12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand
UBS and Citigroup priced a $674-million CMBS transaction on December 9 that found strong demand. The AAA-rated super-senior bonds priced mostly in line with initial pricing guidance and at tighter spreads in most cases than comparable paper in the previous multi-borrower transaction -- a … [Read more...] about 12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand
12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders
Country Bank has been ranked 22nd by dollar value of SBA loans approved in 2011, according to "Crain’s New York Business" in its New York Area’s Top SBA Lenders list. Country Bank approved $8.575 million of SBA 7(a) loans in 2011. In 2010, Country Bank was not ranked. The rankings included SBA 504 … [Read more...] about 12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders
12.1.11: Leon Elliott Joins ValueXpress
Leon Elliott, a 40-year veteran in commercial and residential real estate lending, has joined ValueXpress effective December 1. Elliott will be based in the Boston, MA metropolitan area and will be primarily responsible for commercial loan originations in Massachusetts, Rhode Island, New Hampshire, … [Read more...] about 12.1.11: Leon Elliott Joins ValueXpress
