We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is well known to have a growing … [Read more...] about 5.27.17: Furnished Apartment Deals Are Okay in CMBS
Archives for May 2017
Dennis Suh and Stan Siciliano represented ValueXpress at the International Council of Shopping Centers (ICSC) RECon convention at the Las Vegas Convention Center in Las Vegas, Nevada May 20-23. Much of the discussion at the convention centered on the fate of malls in America. Class B and C malls in … [Read more...] about 5.23.17: Report from ICSC RECon Conference
Borrower complaints regarding CMBS loan servicing are resulting in action by industry participants to improve the loan servicing experience. Industry leaders are recognizing that poor servicing experiences are driving borrowers to other loan products, depressing already relatively low CMBS loan … [Read more...] about 5.19.17: CMBS Industry Working on Improving Loan Servicing
On May 21-24, 2017, Dennis Suh and Stan Siciliano will be representing ValueXpress at the International Council of Shopping Centers (ICSC) RECon convention at the Las Vegas Convention Center in Las Vegas, Nevada. RECon is the world’s largest retail real estate convention with more than 37,000 … [Read more...] about 5.12.17: Meet ValueXpress at ICSC’s RECon in Las Vegas!
More borrowers are securing CMBS conduit loans as we progress in 2017, as evidenced by trends in the issuance of CMBS conduit securities. CMBS conduit issuance of $15.2 billion in the first quarter of 2017 fell short of the $19.2 billion for the same period in 2016. However, volume has picked up, … [Read more...] about 5.9.17: CMBS Conduit Loan Volume Increasing
One of the primary benefits of CMBS conduit loans is that they are non-recourse. As such, the borrower and guarantor (typically an individual who owns or controls the majority of the borrowing entity) are not personally liable for repayment of the loan in the event of default and foreclosure. The … [Read more...] about 5.3.17: A Lesson on Why Non-Recourse Is Important