Falling oil prices represent a moderate credit negative for commercial mortgage-backed securities collateral and will cause performance to deteriorate in some metros, according to Moody's Investors Service, New York. But a number of mitigating factors should limit the harm, including limited CMBS … [Read more...] about 3.28.16: Moody’s: Oil Slump a Moderate CMBS Credit Negative
Archives for 2016
3.18.16: ValueXpress Exhibiting at AAHOA Trade Show in Nashville, TN
On March 30-31, 2016, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Nashville, Tennessee. ValueXpress will be located in Booth 374 at the Gaylord Opryland Resort & Convention Center noon-6:00 p.m. on Thursday, March 30 and Friday, March 31. … [Read more...] about 3.18.16: ValueXpress Exhibiting at AAHOA Trade Show in Nashville, TN
3.16.16: CMBS Conduit Loan Spreads Rally
After an extended period of widening spreads on CMBS bonds, spreads tightened significantly this past week. The tightening provided relief to market participants that have seen CMBS conduit lenders pull back from originating new CMBS conduit loans until the market for CMBS securities improved. The … [Read more...] about 3.16.16: CMBS Conduit Loan Spreads Rally
3.9.16: Did You Know Kroll’s CMBS Reports Are Free?
Joseph Kelly, Senior Director at Kroll Bond Rating Agency (KBRA), recently spoke at the Regional Conference of Mortgage Bankers convention in Atlantic City, New Jersey. KBRA was established in 2010 in an effort to restore trust in credit ratings by creating new standards for assessing risk and by … [Read more...] about 3.9.16: Did You Know Kroll’s CMBS Reports Are Free?
3.4.16: 5-Year Fixed-Rate CMBS Loans (No B-Buyer Approval Needed!)
ValueXpress has started origination of 5-year fixed-rate CMBS conduit loans with a partner. The loans will be held on the partner’s balance sheet until volatility in the CMBS market subsides. The 5-year fixed-rate program features interest rates in the 5.5% area and is available for all typical CMBS … [Read more...] about 3.4.16: 5-Year Fixed-Rate CMBS Loans (No B-Buyer Approval Needed!)
3.2.16: Sports Authority Files for Bankruptcy
About one-third of Sports Authority stores will be shut down or sold as the company filed for bankruptcy, the company announced Wednesday morning. Sports Authority plans to close about 140 of its 463 stores over the next three months as it seeks a buyer. Distribution centers in Denver and Chicago … [Read more...] about 3.2.16: Sports Authority Files for Bankruptcy
2.25.16: MBA, Trade Groups Urge Changes to CRE Risk Retention Rule
The Mortgage Bankers Association (MBA) and other industry trade groups asked the U.S. House Financial Services Committee to approve a bill that would amend the Securities Exchange Act to modify requirements for qualified commercial real estate. The rules, as written, are expected to negatively … [Read more...] about 2.25.16: MBA, Trade Groups Urge Changes to CRE Risk Retention Rule
2.19.16: Michael D. Sneden to Speak at N.J. Regional Conference of MBAs
Michael D. Sneden, Executive Vice President at ValueXpress, will participate on a panel of commercial real estate lenders at the 33rd Annual Regional Conference of MBAs to be held March 13-17, 2016 at Harrah’s Convention Center in Atlantic City, N.J. On Tuesday, March 15th Mike will participate on … [Read more...] about 2.19.16: Michael D. Sneden to Speak at N.J. Regional Conference of MBAs
2.17.16: CMBS Prices Stabilize
The benchmark long-term super-senior AAA-rated bonds in an $875-million CMBS conduit offering led by Wells Fargo priced at 165 basis points (bp) over swaps, matching the level achieved in the previous multi-borrower CMBS issue from Bank of America and Morgan Stanley that priced on February 12. In … [Read more...] about 2.17.16: CMBS Prices Stabilize
2.10.16: A Keurig in Every Hotel Room?
In 2013, Hilton Garden Inn partnered with Green Mountain Coffee Roasters, a leader in specialty coffee and single-serve beverages with its innovative Keurig brewing technology, to upgrade its in-room coffee and beverage offering. At that time, the hotel industry was preparing for a major change in … [Read more...] about 2.10.16: A Keurig in Every Hotel Room?