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
Archives for 2015
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
2.25.15: CMBS Lenders Beginning to Differentiate Among Oil-Related Markets
We recently closed and continue to actively work on new CMBS conduit hospitality loans in Corpus Christi, Texas. Hotel owners are puzzled by all the concern about the potential decline in room demand as owners simply are not seeing it. January and February 2015 were both up in terms of revenue over … [Read more...] about 2.25.15: CMBS Lenders Beginning to Differentiate Among Oil-Related Markets
2.20.15: Excitement Builds for National Alliance of Commercial Loan Brokers (NACLB) Annual Conference & Expo
The first National Alliance of Commercial Loan Brokers (NACLB) Annual Conference & Expo at the Red Rock Casino in Las Vegas, Nevada is rapidly approaching. Preparations are in place to make this one of the top commercial loan brokerage events of the year. The conference begins on Sunday evening, … [Read more...] about 2.20.15: Excitement Builds for National Alliance of Commercial Loan Brokers (NACLB) Annual Conference & Expo
2.16.15: CMBS Borrower Loan Rates Off Record Lows with Swap Increases
Everyone involved in the origination and underwriting of CMBS conduit loans or the creation and selling of CMBS securities backed by the loans is keenly aware of the swap market. The swap rate is integral to the interest rate charged CMBS conduit loan borrowers and a key factor in the profitability … [Read more...] about 2.16.15: CMBS Borrower Loan Rates Off Record Lows with Swap Increases
2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
Reis reports that apartment rents grew by 0.6% nationally during the fourth quarter of 2014, a bit of a slowdown from the pace observed during 2014’s second and third quarters. Nevertheless, the trend in rents is up. Annual rent growth for apartment rents was 3.5% in 2014. This the best performance … [Read more...] about 2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
2.3.15: Fixed-Fee CMBS Loan Programs Continue to Expand
“A colleague of mine for over 15 years announced the formal launch of a new fixed-fee CMBS conduit loan origination platform at the 2015 MBA Commercial Real Estate Finance Convention (CREF) held in San Diego, California,” commented Michael D. Sneden, Executive Vice President of ValueXpress. “I was … [Read more...] about 2.3.15: Fixed-Fee CMBS Loan Programs Continue to Expand