Chris Hurn, founder and CEO of Mercantile Capital Corporation and a leader in the SBA 504 finance industry, testified on March 29 before the Senate Committee on Small Business and Entrepreneurship to recommend extension of the SBA 504 refinance program and the SBA 504 First Mortgage Loan Pooling … [Read more...] about 3.29.12: Chris Hurn Speaks to Congress in Support of Small Business
Archives for March 2012
3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
CMBS conduit loans rates are declining in concert with the powerful rally in the CMBS market that began in January. Strong demand for CMBS continues based on the results of a $925-million conduit offering led by Wells Fargo and RBS that priced on Friday, March 22. All but one of the investment-grade … [Read more...] about 3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
3.22.12: Increased CMBS Loss Severities
While new CMBS issues are the rage with investors, legacy CMBS is still a challenge for subordinate bondholders that continue to take it on the chin. On Thursday, March 22, Moody’s reported that the weighted-average loss severity for commercial mortgage-backed security loans liquidated in the fourth … [Read more...] about 3.22.12: Increased CMBS Loss Severities
3.14.12: Mike Delafraz Wins NOOK Tablet at Regional Conference of MBAs Convention and Trade Show
Mortgage banker Mike Delafraz won a new NOOK Tablet e-reader at the ValueXpress booth at the Regional Conference of MBAs Convention and Trade Show held recently in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort. Mike was excited to win the e-reader, as he was just about to purchase one. … [Read more...] about 3.14.12: Mike Delafraz Wins NOOK Tablet at Regional Conference of MBAs Convention and Trade Show
3.6.12: CMBS Spreads Tighten Across the Board in February
Trepp reported that the powerful rally in the CMBS market that started at the beginning of 2012 extended for a second month, giving investors a lot to cheer about in February: The market has tightened in four of the last five months. After a miserable stretch from June through mid-September 2011, … [Read more...] about 3.6.12: CMBS Spreads Tighten Across the Board in February
3.1.12: SBA Announces Updated Lender Website
The Office of Communications and Public Liaison (OCPL) worked with SBA stakeholders to solicit feedback on improving the current Lender website located at http://www.sba.gov/for-lenders. As a result of feedback from local SBA offices, the Office of Capital Access (OCA), select lenders and SBA Loan … [Read more...] about 3.1.12: SBA Announces Updated Lender Website