Costar reported that the aggregate value of bank and CMBS real estate loans sold last year rebounded to levels not seen since 2008. Whole real estate loans, both commercial and residential, offered by the Federal Deposit Insurance Corp. (FDIC) last year sold at 84% of their book value compared with … [Read more...] about 2.28.12: Commercial Real Estate Loan Prices Regaining Pre-Recession Values
Archives for February 2012
On Tuesday, March 13 and Wednesday, March 14, ValueXpress will be exhibiting at the Regional Conference of MBAs Convention and Trade Show in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort. Stop by Booth 2 to see us at the Taj Mahal Exhibit Hall on Wednesday, March 14, noon-3:00 p.m. during … [Read more...] about 2.24.12: ValueXpress to Exhibit at 2012 Regional Conference of MBAs
Blackrock, one the world’s leading providers of investment and advisory services, announced on Wednesday, February 15, that it has launched an exchange-traded fund (ETF) that tracks investment-grade CMBS. The CMBS fund, iShares Barclays CMBS Bond Fund, is the first such fund to track the CMBS … [Read more...] about 2.20.12: CMBS for Joe Six-Pack Courtesy of Blackrock
“Commercial Mortgage Alert” reports that thanks to pent-up demand a flood of multi-borrower commercial MBS issues over the next six weeks is likely to fetch higher prices than the year’s first such transaction. A half-dozen conduit deals totaling $6.5 billion are expected by the end of next month. … [Read more...] about 2.16.12: Buyers Eager for Big Wave of CMBS
Last year at the MBA Commercial Real Estate Finance Convention (CREF) “cautious optimism” prevailed regarding CMBS conduit originations, tempered by disappointment in the size of the minimum loan balances sought by CMBS conduit originators ($20mm and up), required debt yield (13%-14%) and … [Read more...] about 2.10.12: Report from the 2012 MBA CREF Convention
Ann Hambly, founder and co-CEO of 1st Service Solutions, an advisor to commercial loan borrowers, recently outlined the resolution of defaulted CMBS loans since 2007 in an interesting article for Northeast Business Journal. Ann notes from 2007 through mid-2011, a total of $82 billion of CMBS loans … [Read more...] about 2.7.12: What’s Happening to Defaulted CMBS Loans?