The results of CW Capital’s $3.2-billion bulk sale of seriously troubled CMBS conduit loans began to filter through servicer reports, according to a research piece written by Jeffries. As of the February servicer reports, 77 loans from 12 fixed-rate CMBS conduit transactions had a current balance at … [Read more...] about 2.26.14: Takeaways from CW Capital’s $3.2-Billion Troubled Loan Auction
Archives for February 2014
ValueXpress will offer “on the spot” loan proposals to Asian American Hotel Owners Association (AAHOA) members attending the “Deal Connection” event and Trade Show at the AAHOA Annual Convention in Philadelphia on March 19-21, 2014. “Just bring your 2013 property income and expense statement and … [Read more...] about 2.21.14: AAHOA Members: Bring P&L and STAR Report to Philly
I’m a (typical?) guy who hates to shop, which is why my wife is both amazed and puzzled by my newfound shopping sprees. No, I’m not talking about buying the latest fashion like “I gotta have that new Michael Kors jacket at Macy’s,” but something different. Every day I come home from work to newly … [Read more...] about 2.18.14: More Thoughts on the Future of Retail
Jim Brett, head of CMBS analytics at ValueXpress, was recently lamenting, “Mike, I feel like the CMBS deals are more aggressive than last year. The underwriting and asset quality just doesn’t feel as good, except for a deal here and there. If I looked at the trailing credit metrics, I wonder what I … [Read more...] about 2.13.14: Wells Research Supports Weaker Underwriting Metrics in CMBS Loans
Participants at the 2014 MBA Commercial Real Estate Finance Convention (CREF) held in Orlando, Florida, agreed the CMBS conduit loan machine is cranking full tilt: Should rates remain at close to current levels, this year's CREF panelists suggested volume of $100 billion in CMBS originations should … [Read more...] about 2.7.14: Report from the 2014 MBA CREF Convention
Ladder Capital Corp announced the pricing of its initial public offering (IPO) of 13,250,000 shares of its Class A common stock at a price to the public of $17.00 per share on Wednesday, February 5. Ladder is a major contributor of loans to CMBS issues with $2.2 billion in loan contributions to CMBS … [Read more...] about 2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?