On June 19, Deutsche Bank and Cantor Fitzgerald priced the benchmark class of a $996.3-million multi-borrower CMBS conduit offering at the tightest spread in more than a year. The benchmark class of the Deutsche-Cantor deal priced at 78 basis points (bp) over swaps. That was 1 bp tighter than the … [Read more...] about 6.27.14: Super-Senior CMBS Spreads Continue to Decline
Archives for June 2014
6.24.14: ValuXpress Finishes CMBS Marketing Material for CCTG Grads
ValuXpress has completed a new CMBS marketing flier for Commercial Capital Training Group (CCTG) graduates to use in conjunction with marketing materials developed for other lending programs. The flyer can be utilized as a “click-to” on grads’ websites. For example, if a grad’s home page lists five … [Read more...] about 6.24.14: ValuXpress Finishes CMBS Marketing Material for CCTG Grads
6.17.14: A Look at Empty Office Space in Northern/Central New Jersey
The Star-Ledger, New Jersey’s largest newspaper, recently published an article that examines the direction of office demand in Northern and Central New Jersey. It provides some takeaways for office demand trends in other suburban markets. Since office properties are a large component of CMBS loans, … [Read more...] about 6.17.14: A Look at Empty Office Space in Northern/Central New Jersey
6.13.14: ValueXpress to Offer Fixed-Fee CMBS Program
ValueXpress is putting the final touches on a fixed-fee CMBS conduit loan program for small-balance CMBS conduit loans with a banking partner. Applications are being accepted now and transactions are expected to close within 60 days. The program caps transaction costs at $25,000 and is available for … [Read more...] about 6.13.14: ValueXpress to Offer Fixed-Fee CMBS Program
6.12.14: Super-Senior CMBS Spreads Decline to 16-Month Low
The super-senior benchmark AAA-rated class of a multi-borrower CMBS conduit offering led by J.P. Morgan priced on June 12 at the tightest level since February 2013. The benchmark class priced at 79 basis points (bp) over swaps. The last time the CMBS market achieved that level was on February 5, … [Read more...] about 6.12.14: Super-Senior CMBS Spreads Decline to 16-Month Low
6.4.14: Relaxed CMBS Conduit Underwriting Benefits Borrowers
Lower underwriting standards and competition for CMBS conduit loan are helping borrowers in many ways to lower transaction costs. Here are some interesting trends. - Fixed-fee CMBS conduit loan programs (see our 6.13.14 news comment "ValueXpress to Offer Fixed-Fee CMBS Program") feature streamlined … [Read more...] about 6.4.14: Relaxed CMBS Conduit Underwriting Benefits Borrowers
