Archives for December 2017

Marking the sixth straight monthly decline, the Trepp CMBS delinquency rate dropped sharply in December. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.89%, down 29 basis points from the November level. That is the lowest reading since September 2016. One year ago, the … [Read more...] about 12.23.17: Trepp: CMBS Delinquency Rate Drops Sharply in October

The SBA 7(a) loan program is an excellent way for hoteliers to obtain acquisition financing for hotel properties. Since the lending market considers hotels riskier than other commercial assets, the SBA loan guarantee helps mitigate loan loss risk on defaulted loans and encourages commercial banks … [Read more...] about 12.22.17: SBA 7(a) Hotel Borrowers Scramble to Refinance into CMBS

One of the many benefits of CMBS conduit loans is the ability to get loans approved in which the owner of the property has derogatory credit history. Examples of prior credit issues that could negatively impact a loan approval decision are loan defaults and modifications, personal or property … [Read more...] about 12.18.17: Tell the Truth, Please – CMBS Conduit Loan Disclosure Tip

USA Today reported that Westfield, which owns malls stretching from Palm Desert, California, to Paramus, New Jersey, is being bought by a European shopping-center company at a time when malls are struggling to cope with intense competition from online shopping. Purchaser Unibail-Rodamco said that … [Read more...] about 12.12.17: Mall Giant Westfield to be Sold to French Real Estate Firm