What a difference a year can make. At the 2015 Commercial Real Estate Finance Convention (CREF), participants cheered as the CMBS conduit loan machine cranked at full tilt. Panelists suggested volume of $125 billion in CMBS originations could be easily achieved. Well, fast forward to the 2016 CREF … [Read more...] about 2.5.16: Report from the 2016 MBA CREF Convention
Archives for 2016
2.2.16: What Is the Opportunity in “Formula Blue?”
In April 2015, InterContinental Hotels Group formalized Formula Blue, its latest Holiday Inn Express brand design prototype. With a design that puts sleep quality, simplicity, and ease of maintenance at the center of its concept, compliance with Formula Blue is mandatory for all future … [Read more...] about 2.2.16: What Is the Opportunity in “Formula Blue?”
1.28.16: SBA 7(a) Premiums Steady Despite Market Volatility
Given the volatility in the debt markets, we thought it worthwhile to revisit loan premiums obtained on the sale of SBA 7(a) guarantees in the secondary market. After post-crash premiums peaked at 118.75 in February 2013, pricing gradually declined during the balance of 2013. Then, throughout 2014, … [Read more...] about 1.28.16: SBA 7(a) Premiums Steady Despite Market Volatility
1.22.16: CMBS Spreads Continue to Drift Wider
CMBS spreads continue to drift wider in 2016, following a pattern of wider spreads that began in the summer of 2015. Three CMBS deals in the market have released pricing guidance in the range of 155-158 basis points (bp) over swaps for the benchmark AAA-rated senior CMBS class. That level is up from … [Read more...] about 1.22.16: CMBS Spreads Continue to Drift Wider
1.18.16: ValueXpress Establishes New Nationwide Relationship for SBA 7(a) Loans
ValueXpress recently established a relationship with a nationwide SBA 7(a) lender to originate SBA 7(a) loans on owner-occupied properties throughout the United States. "We have been so active in CMBS conduit lending that our SBA 7(a) and SBA 504 platforms have fallen a bit to the wayside," … [Read more...] about 1.18.16: ValueXpress Establishes New Nationwide Relationship for SBA 7(a) Loans
1.15.16: Wal-Mart Stores Inc. Abandons Small Store Format
Wal-Mart Stores Inc., the behemoth of suburban retail stores, has ended its growth experiment to open smaller versions of its large superstore concept in rural and suburban infill locations. The retailer will close all 102 of its Walmart Express outlets, the smaller of its two small format stores, … [Read more...] about 1.15.16: Wal-Mart Stores Inc. Abandons Small Store Format
1.8.16: 2015 CMBS Issuance Tops $100 Billion; Lenders Cautiously Optimistic for 2016
According to Commercial Mortgage Alert, CMBS issuance reached a milestone in 2015 – eclipsing the $100-billion barrier for the first time since 2007 – but only barely, finishing at $101 billion. This compares with $94.1 billion of CMBS issued in 2014, up 7%, but is far less than the $124 billion … [Read more...] about 1.8.16: 2015 CMBS Issuance Tops $100 Billion; Lenders Cautiously Optimistic for 2016
1.5.16: CCTG Grad Lawler Rogers Talks About His Experience with ValueXpress
Recently, Lawler Rogers, a graduate of CCTG and a student of Michael D. Sneden, Executive Vice President at ValueXpress, was interviewed about his experience with his first deal with ValueXpress. Watch his interview below: … [Read more...] about 1.5.16: CCTG Grad Lawler Rogers Talks About His Experience with ValueXpress