Archives for January 2013

Ok, I have been writing this e-newsletter for a little over two years, and we all need a break now and again. Some people skydive, some go on safaris, bungy-jump, or whatever; I go ice fishing. To be specific, I have gone ice fishing with the same group of four to six guys I know from high school at … [Read more...] about 1.26.13: Ballon Ice-Meter Predicts 9 Inches of Ice

Dan Carbeck, a 35-year veteran in commercial real estate lending, joined ValueXpress effective January 15. Dan will be primarily responsible for commercial loan originations in the mid-western portion of the United States. “Dan brings an outstanding breadth of experience to the ValueXpress team from … [Read more...] about 1.25.13: Dan Carbeck Joins ValueXpress

CMBS pros are keeping a close eye on proposed regulatory reforms that could dramatically affect the future of the industry. In the wake of the financial crisis, policymakers and regulators have proposed rules and regulations aimed at banks and other financial institutions to curb excessive … [Read more...] about 1.23.13: Dodd-Frank Rules Could Stop CMBS in Its Tracks

Michael D. Sneden, Executive Vice President of ValueXpress, will be representing the firm at the Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention and Expo in San Diego, CA February 3-6, 2013. The convention is expected to attract over 2,500 commercial … [Read more...] about 1.15.13: Wanna Meet at the MBA in San Diego, CA?

The CMBS bond market began 2013 on a high note: Strong demand for the first conduit offering of the year pushed spreads to a post-crash low. The benchmark super-senior class of a $1.4-billion conduit offering by Morgan Stanley and Bank of America (BoA) priced at 72 basis points (bp) over swaps on … [Read more...] about 1.11.13: CMBS Begins 2013 with a Bang

CMBS buyers returned to the market in early 2014 to gobble up the year's first issue, a $1.4-billion offering by Deutsche Bank, Nataxis, Cantor Fitzgerald and Liberty Island. The long-term, super-senior bonds priced at 87 basis points (bp) over swaps, down 3 bp from initial price guidance and 8 bp … [Read more...] about 1.9.13: Buyers Grab CMBS from Year’s First Issue

Four Commercial Real Estate (CRE) Collateralized Debt Obligations (CDOs) totaling $1 billion were issued in the fourth quarter of 2012, suggesting that the new issue market has re-opened. These deals fill an important void in commercial real estate finance for transactions that cannot be included in … [Read more...] about 1.8.13: Commercial Real Estate CDOs Make a Comeback