Following the maturity of approximately $375 billion of commercial loans in 2013 held by CMBS trusts, banks, insurance companies and other financial institutions, Berkadia and Trepp estimate another $350 billion is coming due in 2014 and roughly $1.4 trillion in 2014-2017. The large amount of … [Read more...] about 12.31.13: Conduit Loan Maturities in 2014 Present an Opportunity
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
This week SBA published its regular "Lending Statistics for Major Programs" as of December 6. This report provides rolling performance statistics periodically for the 7(a) and 504/CDC loan programs, broken down by the respective categories of minority participation and policy-targeted penetration. … [Read more...] about 12.6.13: Fiscal 2014 SBA Loan Volume Struggles to Gain Traction