In an unusually fast approval for Congress, the SBA 7(a) authorization level was increased to $23.5 billion effective July 28, 2015. This ended a short-lived program shut down that began on July 23, 2015. In a program release notice, Ann Marie Mehlum, Associate Administrator for Capital Access, … [Read more...] about 7.28.15: SBA 7(a) Authorization Level Increase Passed by Congress
Archives for July 2015
7.24.15: SBA 7(a) Program Shuts Down
The SBA 7(a) loan program has reached its authorized ceiling of $18.75 billion for the fiscal year ending September 30, 2015 and therefore has shut down until the new fiscal year begins on October 1, 2015 or until Congress increases the authorization level. Even though the 7(a) program operates … [Read more...] about 7.24.15: SBA 7(a) Program Shuts Down
7.20.15: PKF Hospitality Research Issues U.S. Lodging Forecast
The outlook for the U.S. lodging industry continues to be extremely strong, according to the recently released June 2015 edition of PKF Hospitality Research’s (PKF-HR, a CBRE company) Hotel Horizons®. The report forecasts that U.S. hotels will continue to enjoy revenue per available room (RevPAR) … [Read more...] about 7.20.15: PKF Hospitality Research Issues U.S. Lodging Forecast
7.15.15: Apartment Construction Is Booming
When Jess Eymann moved to Denver fresh out of college she considered buying a condo, but ultimately decided to rent an apartment instead. "There's just not a lot out there to buy. Properties that I looked at weren't really what I was looking for," she said. Eymann's decision to rent instead of buy … [Read more...] about 7.15.15: Apartment Construction Is Booming
7.10.15: ValueXpress-Sponsored Team Wins Cricket Tournament
PanAm “A” defeated Corpus Christi “A” in the 2015 Bhakta Invitational Cricket Tournament held in Dallas, Texas on July 2-6. ValueXpress sponsored PanAm “A” as well as was a tournament sponsor. Over 600 participants and guests attended the event. Matches were played at two locations: McKinney and … [Read more...] about 7.10.15: ValueXpress-Sponsored Team Wins Cricket Tournament
7.7.15: Anil Vasani Joins ValueXpress
Anil Vasani, a 20-year veteran in commercial real estate lending, joined ValueXpress effective July 1. Anil is primarily responsible for commercial loan originations focused on CMBS conduit loans in the Mid-Atlantic States, including New York, New Jersey, Pennsylvania and states south to Georgia. … [Read more...] about 7.7.15: Anil Vasani Joins ValueXpress
7.1.15: Current Loan Applications Require “A Conversation with the Borrower”
The loan spread in many CMBS conduit loan term sheets executed by borrowers in the past few weeks is not at levels that can be closed profitably, leaving lenders and mortgage brokers in a quandary as to what to do. Loan spreads have moved out anywhere from 10-20 basis points (bp) as the pricing … [Read more...] about 7.1.15: Current Loan Applications Require “A Conversation with the Borrower”
