A current rally has pushed the long-term super-senior AAA-rated CMBS bonds near the lowest levels that prevailed before the financial crisis in 2008-2009. On Friday, Morgan Stanley, Bank of America and Wells Fargo priced the super-senior CMBS from a $944-million offering at 76 basis points (bp) over … [Read more...] about 10.27.17: Great Rates for Borrowers as CMBS Spreads Approach Post-Crash Low
Archives for October 2017
10.24.17: ValueXpress Helps Clients with CMBS Insurance Claims
The destructive natural disasters, including hurricanes, wildfires and tornados, that have occurred this year are resulting in a spike in insurance claims for CMBS borrowers. Many of our clients are reaching out to ValueXpress for assistance with coordinating approvals of insurance claims on their … [Read more...] about 10.24.17: ValueXpress Helps Clients with CMBS Insurance Claims
10.20.17: Office Trends — Flexibility and Work/Life Balance
In order to attract and retain talented workers, corporate property managers need to accommodate “flexible working,” according to Regus, a leading provider of small office workspaces with 3,000 locations in 120 countries. More than 50% of workers now work outside the main office two to three days … [Read more...] about 10.20.17: Office Trends — Flexibility and Work/Life Balance
10.12.17: CMBS Conduit Loan Originations Up 5%
Through the first three quarters of 2017 CMBS conduit loan originations are up 5%, as measured by CMBS securities issuance. According to Commercial Mortgage Alert, CMBS conduit issuance as of September 30, 2017 totaled $33.8 billion compared with $32.2 billion a year earlier. However, overall CMBS … [Read more...] about 10.12.17: CMBS Conduit Loan Originations Up 5%
10.9.17: Discussion Under Way to Improve CMBS Servicing
Industry professionals are recognizing that the long-term appeal of CMBS for commercial real estate finance may be diminished if the borrower experience with loan servicing is poor. Recently, Stacey Berger, an Executive Vice President, and Bob Wright, a Senior Vice President, of Midland Loan … [Read more...] about 10.9.17: Discussion Under Way to Improve CMBS Servicing
10.4.17: Cash-Out SBA 7(a) Loans Now Available
ValueXpress has partnered with a non-bank SBLC licensed SBA 7(a) lender to originate SBA 7(a) loans nationwide that allow for cash-out proceeds to the borrower for a refinance. The firm has a Preferred Lenders Program (PLP) designation, and therefore, the SBA has delegated credit decisions and … [Read more...] about 10.4.17: Cash-Out SBA 7(a) Loans Now Available