Archives for December 2013

ValueXpress completed 30 CMBS conduit loan transactions in 2013 with a principal balance of over $200 million. Average loan size approximated $7 million. Hospitality loans were most prevalent, but transactions were completed for every CMBS conduit loan asset class -- multifamily, retail, office, … [Read more...] about 12.27.13: Transaction Highlights for 2013

ValueXpress advised its affiliate, Country Bank, on the purchase of $71 million of CMBS securities in 2013 that included 19 separate transactions from 18 CMBS issues. Each of the 18 issues was analyzed in detail by ValueXpress under the direction of Jim Brett, head of CMBS analytics. "At the pool … [Read more...] about 12.23.13: ValueXpress Advises on $71 Million in CMBS Purchases in 2013

In recent years, officials in many of the nation's most expensive housing markets have embraced "micro apartments" as a way to provide less-expensive housing for young renters. They are betting that the tiny apartments -- generally the size of a hotel room for about half the rent of a full-size … [Read more...] about 12.19.13: Will CMBS Conduit Loans for “Micro Apartments” Be the Next Rage?

CMBS prices are holding firm as dealers shop three CMBS deals totaling $3.22 billion, each with distinct loan underwriting characteristics and collateral quality. The three conduit offerings are a $1.1-billion deal by Deutsche Bank, Cantor Fitzgerald, KeyBank and Liberty Island (COMM 2013-CCRE13); a … [Read more...] about 12.13.13: CMBS Spreads Hold Steady Amid Flurry of Offerings

Multiple CMBS conduit loan originators have recently announced lower spreads for low leverage transactions on higher balance loan amounts, generally greater than $10 million. A typical announcement we just received from one of our partners: As an additional programmatic expansion to our lending … [Read more...] about 12.10.13: CMBS Conduit Shops Offering Tight Spreads for Low Leverage Deals