Amid a flood of issuance (see the article below) long-term super-senior CMBS spreads have widened from the levels experienced in early February. Long-term super-senior CMBS with an initial 9.5- to 10-year life had seen spreads steady at 72 basis points (bp) since the beginning of 2013. However, the … [Read more...] about 2.26.13: CMBS Spreads Widen; Borrower Spreads Increase
Archives for February 2013
2.22.13: SBA Develops 10-Tab Submission Tool for 7(a) Loans
As part of its continuing effort to provide excellent customer service, the 7(a) Loan Guaranty Processing Center (LGPC) has developed a 10-Tab Submission tool to streamline the submission of all loan applications processed at the LGPC. Historically, the LGPC has accepted loan application packages … [Read more...] about 2.22.13: SBA Develops 10-Tab Submission Tool for 7(a) Loans
2.20.13: CMBS Volume Surging
The commercial MBS pipeline hasn't looked like this since 2007, according to Commercial Mortgage Alert. Scheduled to hit the U.S. market by the end of next month are 17 transactions totaling $12.5 billion; this is on top of the $13.5 billion of offerings that have already priced since the beginning … [Read more...] about 2.20.13: CMBS Volume Surging
2.8.13: Report from the 2013 MBA CREF Convention
At the 2013 MBA Commercial Real Estate Finance Convention (CREF) “exuberance” replaced 2012’s “optimism.” The 2013 CMBS conduit loan machine is cranking full tilt: Declining spreads have made CMBS conduit loans competitive with insurance company offerings on commercial assets and within striking … [Read more...] about 2.8.13: Report from the 2013 MBA CREF Convention
2.5.13: Spreads Tighten Further on Junior Investment-Grade CMBS
While AAA-rated senior investment-grade CMBS spreads remain flat, junior investment-grade CMBS spreads continue to tighten for recent CMBS issues as investors take on additional credit risk in search of more yields. Long-term super-senior CMBS with an initial 9.5- to 10-year life have seen spreads … [Read more...] about 2.5.13: Spreads Tighten Further on Junior Investment-Grade CMBS
