Steve Lombardi, a 20-year veteran in commercial real estate lending, private equity and capital markets, joined ValueXpress effective November 15. Steve is primarily responsible for commercial loan originations focused on CMBS conduit loans in New England. Steve is based in Melrose, Massachusetts, … [Read more...] about 11.15.13: Steve Lombardi Joins ValueXpress
Archives for 2013
11.11.13: What’s Hot in CMBS Conduit Loan Origination
"As I look back on the CMBS conduit loans we closed in 2012 and 2013 to date a clear pattern has emerged on what motivates small balance sponsors (loans in the $3-million to $20-million range) to close CMBS conduit loans as opposed to competing commercial loan products," commented Jim Brett, head of … [Read more...] about 11.11.13: What’s Hot in CMBS Conduit Loan Origination
11.6.13: CMBS Prices See-Saw
The CMBS market is having trouble finding direction subsequent to the pricing of the CMBS offering from RBS and Wells Fargo on Monday, November 4 in which the benchmark super-senior class of the offering was priced at a spread of 93 basis points (bp) over swaps (down from 105 bp on the previous … [Read more...] about 11.6.13: CMBS Prices See-Saw
11.1.13: Mike Sneden to Present at Commercial Capital Training Group
Michael D. Sneden, Executive Vice President at ValueXpress, will be presenting CMBS conduit loan origination techniques to the November 2013 class of the Commercial Capital Training Group (CCTG) in Albany, N.Y. on Wednesday, November 20. CCTG is a one-of-a-kind training company that provides a … [Read more...] about 11.1.13: Mike Sneden to Present at Commercial Capital Training Group
10.30.13: CMBS Conduit Loan Rates Fall
New CMBS loan applications should see a 15-basis-point (bp) decrease in spread based on the results of the most recent CMBS offering from RBS and Wells Fargo that is expected to price on Friday, November 1. The benchmark super-senior class of the offering was being marketed at a spread of 95 bp over … [Read more...] about 10.30.13: CMBS Conduit Loan Rates Fall
10.23.13: ValueXpress Enters New Relationship to Originate SBA 504 Loans on Hotels
ValueXpress recently entered a relationship with a private equity fund to originate SBA 504 loans utilized for the purchase of owner-occupied real estate properties. The investor will pool the 504 first liens and issue securities in the capital markets backed by the loans. ValueXpress will primarily … [Read more...] about 10.23.13: ValueXpress Enters New Relationship to Originate SBA 504 Loans on Hotels
10.18.13: Kevin Monahan, 1960-2013
On Friday, October 11th, we lost a dear friend and colleague, Kevin Monahan, to pancreatic cancer. I met Kevin in 2005 when he worked at Business Loan Express (BLX) as a Business Development Officer (BDO). We worked together on a construction loan for a Country Inn & Suites hotel in Ithaca, N.Y. … [Read more...] about 10.18.13: Kevin Monahan, 1960-2013
10.14.13: Spreads and Rates Stable After Morgan Stanley Prices CMBS Issue
On October 10, Morgan Stanley and Bank of America (BoA) priced a $1.3-billion CMBS issue that allowed CMBS loan originators to breathe a sigh of relief as the transaction’s spreads were more in line with those of three multi-borrower CMBS offerings that priced last month compared with those of a … [Read more...] about 10.14.13: Spreads and Rates Stable After Morgan Stanley Prices CMBS Issue
10.9.13: ValueXpress Enters New Relationship for Small Balance CMBS Loans
ValueXpress recently cemented a relationship with a CMBS lender to originate CMBS loans as small as $2 million. The program features the typical terms of larger CMBS loans and is eligible for all the asset classes covered by larger loans, including multifamily, office, retail, industrial, … [Read more...] about 10.9.13: ValueXpress Enters New Relationship for Small Balance CMBS Loans
10.4.13: SBA Sidelined by Government Shutdown
It’s October 1 and through failure of Congress to enact a fiscal budget or a continuing resolution to authorize federal spending, all parts of the federal government not deemed “essential” halted operations effective midnight last night. According to Bloomberg BusinessWeek’s account regarding the … [Read more...] about 10.4.13: SBA Sidelined by Government Shutdown