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
Archives for 2014
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
5.30.14: 10-Year Treasury Falls Further, Confounding Experts
The yield on the benchmark 10-year Treasury note fell further this week, closing at 2.46% on Friday after closing at 2.44% on Wednesday, the lowest closing yield since July 2013. The move caught just about everyone by surprise. I sure can’t figure it out, but here is what one of our investment … [Read more...] about 5.30.14: 10-Year Treasury Falls Further, Confounding Experts
5.28.14: 9th Annual SAHOA Golf Tournament and Trade Show a Big Success
On Wednesday, May 28, 2014, ValueXpress was among the sponsors of the 9th Annual San Antonio Hotel Owners Association (SAHOA) Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, Texas. About 100 golfers took to the links under sunny skies and a delightful breeze to play in a scramble … [Read more...] about 5.28.14: 9th Annual SAHOA Golf Tournament and Trade Show a Big Success
5.21.14: Dicier CMBS Conduit Loans Result in More Subordination
In response to eroding collateral quality, rating agencies recently have been boosting credit-enhancement requirements -- with the result that subordination levels on junior triple-A CMBS have moved closer to the standard 30% threshold for super-senior AAA-rated CMBS. On May 21st, Deutsche Bank and … [Read more...] about 5.21.14: Dicier CMBS Conduit Loans Result in More Subordination
5.16.14: 10-Year Treasury Yield Hits 9-Month Low; Swaps Follow
The yield on the benchmark 10-year Treasury note fell on Thursday, May 15, 2014 to close at 2.50%, a low not seen since last October. Intraday, the note touched 2.47%. Although investors have been expecting rates to rise, the bond market is not cooperating, confounding economists. Weak economic … [Read more...] about 5.16.14: 10-Year Treasury Yield Hits 9-Month Low; Swaps Follow
5.12.14: Non-Recourse Construction Loans Are Back!
In another sign of real estate investors looking for opportunities for investment, financial services companies are beginning to offer non-recourse construction/rehabilitation loans for typical CMBS-quality assets. CMBS-quality assets are preferred as the expected exit strategy is a fixed-rate CMBS … [Read more...] about 5.12.14: Non-Recourse Construction Loans Are Back!