Michael D. Sneden, Executive Vice President at ValueXpress, was interviewed by Commercial Capital Training Group (CCTG) at the National Association of Commercial Loan Brokers annual convention at the Red Rock resort in Las Vegas, Nevada. Here’s what Mike has to say about CCTG and the convention: … [Read more...] about 6.22.15: Michael Sneden Discusses Commercial Capital Training Group at NACLB Convention
Archives for 2015
6.17.15: JPMorgan Preps Clients for Direction of Interest Rates
Recently, JPMorgan sent a notice to its clients that did not mince words regarding its thoughts on the direction of interest rates: As the U.S. economy continues its expansion, we believe that U.S. interest rates will begin to rise. Many important indicators have shown notable strength of late, … [Read more...] about 6.17.15: JPMorgan Preps Clients for Direction of Interest Rates
6.12.15: 10-Year Swap Rate (Swap) Index Breaks 2.5%; Borrowers Distressed
After trading in a range of 1.85%-2.25% since January 2015, the 10-year Swap Rate began a steady ascent in May that accelerated in June. The first week of June saw the 10-year Swap Rate rise from 2.23% on Monday to 2.48% on Friday, leaving borrowers shell-shocked. The market worsened the week of … [Read more...] about 6.12.15: 10-Year Swap Rate (Swap) Index Breaks 2.5%; Borrowers Distressed
6.11.15: Meanwhile, CMBS Prices Begin to Weaken, Borrower Spreads to Widen
Two CMBS conduit deals were being marketed during the week of June 8, a $1.3-billion offering by Deutsche Bank, CCRE, Ladder Capital and KeyBank, and a $1.2-billion offering by Wells Fargo, Rialto Mortgage Finance, Silverpeak Real Estate Finance, Walker & Dunlop and NCB. Price guidance on the … [Read more...] about 6.11.15: Meanwhile, CMBS Prices Begin to Weaken, Borrower Spreads to Widen
6.8.15: Two Self-Storage Titans Plan to Merge
SmartStop Self Storage Inc. has entered into a definitive merger agreement under which it will be acquired by Extra Space Storage Inc. The merger is expected to close during the latter half of 2015. SmartStop stockholders will receive $13.75 per share in cash, which represents a total purchase price … [Read more...] about 6.8.15: Two Self-Storage Titans Plan to Merge
5.29.15: New Risk Weight Rules Hurt Banks Investing in CMBS
New risk weight rules, known as Basil III, are having a significant negative impact on banks’ required capital allocation for investment in CMBS securities rated below AAA. Previous to impending Basil III capital rules, CMBS securities rated from AAA to AA- had a 20% risk weighting. When Basil III … [Read more...] about 5.29.15: New Risk Weight Rules Hurt Banks Investing in CMBS
5.26.15: CMBS Delinquencies Continue to Decline
The CMBS delinquency rate for U.S. commercial real estate loans in CMBS declined a significant 0.17% from April to 5.40% in May, according to Trepp. In the last 25 months, the delinquency rate has fallen 22 times and is now 87 basis points (bp) lower than the year-ago level. The May decrease is the … [Read more...] about 5.26.15: CMBS Delinquencies Continue to Decline
5.22.15: Are REIT Stocks Impacted by Increased Interest Rates?
The debate on the potential impact of rising interest rates on REIT stocks continues. Since a Real Estate Investment Trust (REIT) must pay out at least 90% of its taxable income as a dividend to investors, REIT stocks are relatively high-yielding investments. Investors are debating the sensitivity … [Read more...] about 5.22.15: Are REIT Stocks Impacted by Increased Interest Rates?
5.15.15: ValueXpress Sponsors 12th Annual Bhakta Open
ValueXpress was a sponsor of the 12th Annual Bhakta Open Golf Tournament that took place on Saturday, May 8, 2015 and Sunday, May 9, 2015. This year's Bhakta Open was held in Palm Springs, California at the breathtaking La Quinta Resort & Club – PGA West TPC Stadium Course and PGA WEST Nicklaus … [Read more...] about 5.15.15: ValueXpress Sponsors 12th Annual Bhakta Open
5.11.15: Mid-Year CMBS Issuance on Track
With an expected increase in CMBS issuance for the next six weeks, CMBS volume appears to be on track to hit $56 billion for the first six months of 2015, up 38% from $40.6 billion recorded in the first half of 2014. That would keep full-year volume on pace to reach the $125 billion forecast by … [Read more...] about 5.11.15: Mid-Year CMBS Issuance on Track
