The alphabet soup of commercial real estate lending and the capital markets includes the main product itself: CMBS, or Commercial Mortgage-Backed Securities. And more! Prior to the 2007-2008 economic crises, the preferred structure for borrowing entities in which the owner of the entity consisted of … [Read more...] about 9.24.15: DSTs Replacing TICs as “Crowd Owner” of Choice
Archives for 2015
9.18.15: Federal Reserve Leaves Rates Unchanged
The Federal Reserve left short-term interest rates unchanged after weeks of market-churning debate, putting off an historic move to end an era of ultra-cheap credit amid worries about weak growth overseas. While Central Bank officials don’t believe recent global economic and market turbulence … [Read more...] about 9.18.15: Federal Reserve Leaves Rates Unchanged
9.14.15: CMBS Prices Improve as Demand Picks Up
After a summer in which CMBS bond demand was relatively weak, resulting in widening of spreads, the first deal to price after Labor Day flew off the shelf. The deal, a $757.3-million multi-borrower offering by UBS and Bank of America, priced the benchmark class at 117 basis points (bp) over swaps, … [Read more...] about 9.14.15: CMBS Prices Improve as Demand Picks Up
9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
On Wednesday, October 28, ValueXpress will be co-sponsoring the 10th Annual San Antonio Hotel Owners Association (SAHOA) Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, Texas. About 100 golfers are expected to hit the links to play in a scramble competition, following … [Read more...] about 9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
9.4.15: Many Thanks to Our Foot Soldiers
One definition of a foot soldier is “a person who does active and difficult work for an organization or cause.” Well, ValueXpress wants to thank our “foot soldiers,” namely our CCTG graduates, who are grinding away in the field to secure deals. “I have been teaching how to originate CMBS conduit … [Read more...] about 9.4.15: Many Thanks to Our Foot Soldiers
9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
Slowly and steadily, life insurance companies are increasing their commercial real estate lending. Market participants expect the industry’s current expansion to run for at least two or three more years, signaling a further pickup in life company lending volume. “It’s a robust environment,” said … [Read more...] about 9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
8.26.15: ValueXpress to Be a Sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament
ValueXpress has committed to be a sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament, which will take place at the North Shore Country Club in Portland (Corpus Christi), Texas on Friday, November 13, 2015 and Saturday, November 14, 2015. The event is the primary fundraiser for … [Read more...] about 8.26.15: ValueXpress to Be a Sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament
8.21.15: Big Box Redevelopment Can Be Successful
ValueXpress was recently engaged by the owner of two retail properties, a retail power center in Dover, Delaware and a neighborhood shopping center in Wilmington, Delaware to obtain a CMBS conduit loan to refinance the two existing CMBS conduit loans that are … [Read more...] about 8.21.15: Big Box Redevelopment Can Be Successful
8.18.15: CMBS Prices Continue to Weaken, But Rebound Expected
CMBS spreads reached a two-year high amid high levels of issuance and volatility in world capital markets. The long-term, super senior bonds from the most recent offering, led by Wells Fargo and Societe Generale, priced at a spread of 120 basis points (bp) over swaps. This level was the same as the … [Read more...] about 8.18.15: CMBS Prices Continue to Weaken, But Rebound Expected
8.12.15: Best to Jump on Long Lead Items for a CMBS Loan
An important skill set that ValueXpress brings to CMBS conduit lending is experience. The firm has now arranged over 400 CMBS conduit loans with a principal balance in excess of $1.5 billion. Processing CMBS conduit loans efficiently to create a good experience for both the borrower and lender is a … [Read more...] about 8.12.15: Best to Jump on Long Lead Items for a CMBS Loan