The credit box for CMBS conduit loans has gradually tightened during 2016, resulting in complaints from borrowers of last-minute reductions in loan proceeds before closing, mainly on cash-out refinances. Loan adjustments can often be traced to insufficient due diligence completed by the CMBS conduit … [Read more...] about 10.28.16: Make Sure Your CMBS Term Sheet Is “Credit Approved” Before Signing
Archives for October 2016
A consortium led by developers Simon Property Group (SPG) and General Growth Properties (GGP) won an auction for the assets of Aeropostale in September. The group plans to keep open 299 of the bankrupt retailer’s stores. Aeropostale was facing liquidation if the SPG/GGP team did not step in with a … [Read more...] about 10.24.16: Simon and GGP Rescue Aeropostale; Is This the Future of Retailing?
Best Western has announced the formation of SureStay Hotel Group, a new economy and lower mid-level brand rolled out at the Lodging Conference held at the end of September at the Arizona Biltmore Resort and Spa. The brand is designed to complement the Best Western flagship brands – Best Western, … [Read more...] about 10.19.16: Best Western Announces New Brand – SureStay Hotel Group
ValueXpress experienced overwhelming mortgage broker traffic at networking events and at its booth during the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo that was recently held at the Red Rock Casino in Las Vegas. ValueXpress participated as a Platinum … [Read more...] about 10.14.16: NACLB Convention an Enormous Success for ValueXpress; Attendance More Than Doubles
ValueXpress was presented the “2016 Broker Program of the Year” award for CMBS conduit loans at the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo. The award recognizes the firm that provides a high level of broker service in origination, processing and closing … [Read more...] about 10.6.16: ValueXpress Honored with “2016 Broker Program of the Year” Award at NACLB Convention & Expo
Bob Coleman, Editor of the Coleman Report, recorded the comments of Michael D. Sneden from the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo opening general session on the State of Lending as it relates to CMBS conduit loans. Coleman said, “Today (October 5) … [Read more...] about 10.5.16: Michael D. Sneden Reports on CMBS Market During Opening General Session at NACLB Convention & Expo