Bob Taylor, a 15-year veteran in commercial real estate lending, has joined ValueXpress effective July 1. Bob will be primarily responsible for commercial loan originations in the western portion of the United States. Bob will be based in Salt Lake City, Utah. “Bob brings an outstanding breadth of … [Read more...] about 6.30.13: Bob Taylor Joins ValueXpress
Archives for June 2013
6.26.13: Prudential’s Lillard Says Buy CMBS as Bonds Overreacted
Prudential Financial Inc.’s Michael Lillard said investors should buy commercial mortgage-backed securities and other bonds that fell on concerns the U.S. Federal Reserve will slow its pace of debt purchases. The increase in yield provided by CMBS, emerging-market debt, high-yield bonds and bank … [Read more...] about 6.26.13: Prudential’s Lillard Says Buy CMBS as Bonds Overreacted
6.24.13: CMBS Borrowers Shell Shocked over Rapid Rise in Rates
Borrowers are struggling to come to grips with what happened to CMBS loan rates over just a few days since Ben Bernanke spoke at a press conference on Wednesday, June 19. The 10-year Swap Rate (Swap) Index used to set CMBS conduit rates was at 2.37% that day, already reflecting an increase from just … [Read more...] about 6.24.13: CMBS Borrowers Shell Shocked over Rapid Rise in Rates
6.14.13: CMBS Shops Challenged to Hold Spreads in Tough Market
CMBS conduit loan interest rates, typically set at closing, are based on two numbers added together: the 10-year Swap Rate (Swap) Index and the “Spread” (an amount added to the Swap based on current CMBS bond prices and a profit margin). CMBS conduit loan borrowers are facing a double hit on … [Read more...] about 6.14.13: CMBS Shops Challenged to Hold Spreads in Tough Market
6.11.13: 8th Annual SAHOA Golf Tournament and Trade Show Big Success
On Wednesday, May 29, 2013 ValueXpress was among the sponsors for the 8th Annual San Antonio Hotel Owners Association Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, TX. 130 golfers took to the links under threatening skies (but thankfully the rain held off) to compete … [Read more...] about 6.11.13: 8th Annual SAHOA Golf Tournament and Trade Show Big Success
6.4.13: CMBS Lenders Offering Bridge Loans for Construction/Renovation/Repositioning
CMBS shops are using all their know-how in structuring fixed-rate CMBS conduit loans and applying this to bridge loans to capture attractive short-term investment yields and secure an opportunity to provide a fixed-rate CMBS conduit loan once the construction/renovation/repositioning period is … [Read more...] about 6.4.13: CMBS Lenders Offering Bridge Loans for Construction/Renovation/Repositioning
