After holding relatively steady in the face of rising CMBS spreads, conduit loan rates are starting to increase; spreads on the two most recent deals from JP Morgan/CIBC and UBS/Barclays widened at pricing. Prior to these deals, CMBS spread widening was offset by decreases in the swap rate that left … [Read more...] about 6.29.12: CMBS Spreads Widen Further, Affecting Loan Rates
Archives for June 2012
6.22.12: Characteristics of Hotel Loans in CMBS 2.0
Jim Brett, senior loan underwriter, head closer, CMBS research analyst at ValueXpress and all-around good guy, recently prepared a study of the 222 hospitality loans that have been included in 35 CMBS issues since 2010. The effort discovered trends that can be utilized to advise our hospitality … [Read more...] about 6.22.12: Characteristics of Hotel Loans in CMBS 2.0
6.19.12: SBA Appropriation May Increase by $237 Million
In this election season it has become nearly impossible to pass bills that were once routine, but there may be at least one exception: related to the Small Business Administration (SBA). Last week, the Republican-led U.S. House Appropriations Committee unveiled its bill to finance the SBA and … [Read more...] about 6.19.12: SBA Appropriation May Increase by $237 Million
6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
CMBS conduit loan rates are holding relatively steady despite market turbulence surrounding the European debt crisis. Fixed income professionals are increasingly worried about whether Greece will exit the European Union and whether debt-related trouble will spread to Spain, Italy and Ireland. … [Read more...] about 6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group
Kevin Monahan, Senior Loan Originator at ValueXpress, addressed the May 2012 class of the Commercial Capital Training Group (CCTG) in Albany, NY. CCTG is a one-of-a-kind training company that provides a one-week, comprehensive commercial training and education program tailored for new and … [Read more...] about 6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group
6.5.12: Country Bank Active CMBS Buyer
Country Bank, a New York state community bank affiliated with ValueXpress, has been actively buying new issue CMBS for its investment portfolio, attracted to their high relative yield, underlying asset diversity and attractive capital risk weighting. The bank first began investing in CMBS during the … [Read more...] about 6.5.12: Country Bank Active CMBS Buyer
6.1.12: ValueXpress to Assist Marine Corps Heritage Foundation in Development of Hotel
ValueXpress is working with the Marine Corps Heritage Foundation in its efforts to develop a new hotel at the National Museum of the Marine Corps in Quantico, VA. The National Museum of the Marine Corps, a 100,000-square-foot facility located along Route 1 and Interstate 95 in Quantico/Triangle, is … [Read more...] about 6.1.12: ValueXpress to Assist Marine Corps Heritage Foundation in Development of Hotel
