U.S. CMBS issuance soared 33% in the first quarter of 2015 compared with the same period in 2014, according to Commercial Mortgage Alert. Volume totaled $27 billion for the January-March quarter, up from $20.4 billion a year earlier. Volume would have been higher, but a number of CMBS transactions … [Read more...] about 3.28.15: CMBS Volume Strong in First Quarter of 2015
Archives for March 2015
3.20.15: Report from the National Alliance of Commercial Loan Brokers (NACLB) Annual Conference and Expo
Over 300 loan brokers and lenders gathered at the Red Rock Hotel and Casino in Las Vegas, Nevada for the first annual National Alliance of Commercial Loan Brokers (NACLB) conference on Sunday, March 8. The conference was organized by Commercial Capital Training Group (CCTG) and BoeFly. The buzz at … [Read more...] about 3.20.15: Report from the National Alliance of Commercial Loan Brokers (NACLB) Annual Conference and Expo
3.18.15: CMBS Market Update – Prices Steady
The benchmark bonds in a $1.3-billion conduit offering led by Deutsche Bank and Cantor Fitzgerald priced at 86 basis points (bp) over swaps on Wednesday, March 18, matching the second-tightest level so far this year. The spread on long-term, super-senior bonds has pretty much hovered between 86 bp … [Read more...] about 3.18.15: CMBS Market Update – Prices Steady
3.11.15: . . . and the AAHOA Trade Show in Long Beach, CA Is Next for ValueXpress
On April 23-24, 2015 ValueXpress will be exhibiting at the annual Asian American Hotel Owners Association (AAHOA) Trade Show in Long Beach, California. ValueXpress will be located in Booth 559 at the Long Beach Convention Center noon-6:00 p.m. on Thursday, April 23 and noon-5:00 p.m. on Friday, … [Read more...] about 3.11.15: . . . and the AAHOA Trade Show in Long Beach, CA Is Next for ValueXpress
3.6.15: CMBS Prepayments on the Rise
Prepayment of CMBS conduit loans, primarily through defeasance, hit $20.9 billion in 2014, driven largely by refinancing that allowed borrowers to pocket cash well in excess of the defeasance cost. The majority of CMBS conduit loans are prepayable with a penalty after an initial lock-out period, … [Read more...] about 3.6.15: CMBS Prepayments on the Rise
3.2.15: ValueXpress Establishes CMBS Conduit Relationship in Canada
“I was recently asked by one of my Commercial Capital Training Group (CCTG) students whether we provided CMBS conduit loans in Canada,” said Michael D. Sneden, Executive Vice President at ValueXpress. “I said we did prior to the market crash, but we haven’t done any since.” That conversation spurred … [Read more...] about 3.2.15: ValueXpress Establishes CMBS Conduit Relationship in Canada
