CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable at attractive levels for most of 2017 to date. In addition, the 10-year Swap rate, the benchmark index for setting interest rates on CMBS conduit loans, has remained in a relatively narrow range of … [Read more...] about 9.12.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
Archives for 2017
9.7.17: Small Balance Bridge Loans Now Available
We recently wrote about the benefits of bridge loans for transitional properties in which the assets can be eligible for CMBS conduit loans, but are temporarily underperforming. Typical situations are properties that may be in lease-up, perhaps in conjunction with a rehabilitation program that will … [Read more...] about 9.7.17: Small Balance Bridge Loans Now Available
9.1.17: CBRE Reports on Cap Rates at Mid-Year
CBRE recently published its survey of capitalization rates (“cap rates”) for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of June 30, 2017. CBRE notes that cap rates were little changed in the first half of the year, with slight increases or … [Read more...] about 9.1.17: CBRE Reports on Cap Rates at Mid-Year
8.29.17: Tanger Factory Outlets Stock Takes a Beating
In order to make prudent commercial loans in the sector, many lenders are trying to sort out surviving retailers that will continue to be successful in brick-and-mortar retail stores. Some results are easy to see. Class B and C malls pretty much cannot be financed on a non-recourse basis, and they … [Read more...] about 8.29.17: Tanger Factory Outlets Stock Takes a Beating
8.23.17: Airlines and Resort Development – Perfect Together?
Bloomberg recently reported that Allegiant Travel Company wants to add real estate development to its list of corporate activities. The company is embarking on an audacious plan to build a 22-acre resort compound with a hotel, condominiums, bars and restaurants on the Florida Gulf Coast in Port … [Read more...] about 8.23.17: Airlines and Resort Development – Perfect Together?
8.18.17: Dennis Suh to Represent ValueXpress at SSA Conference & Trade Show
Dennis Suh will be representing ValueXpress at the Self-Storage Association’s (SSA) 2017 Fall Conference & Trade Show. The conference, which will be held at Caesar’s Palace in Las Vegas, Nevada, begins on Tuesday, September 5 with conference and trade show registration. Concurrent education … [Read more...] about 8.18.17: Dennis Suh to Represent ValueXpress at SSA Conference & Trade Show
8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
Most borrowers are aware that hotel properties are eligible for CMBS conduit loans. However, some sponsors mistakenly believe that all hotels are eligible for CMBS conduit loans, but that is not true. In general, independent hotels that are not operated under a nationally recognized franchise brand … [Read more...] about 8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
8.9.17: Remember, ValueXpress Will Help Clients Through the Assumption Process
ValueXpress has many borrower clients who obtain CMBS conduit loans for the sole purpose of selling the property under the assumption clause. How many times have we heard “the acquisition deal fell apart because the buyer could not secure financing?” Selling the property under the loan assumption … [Read more...] about 8.9.17: Remember, ValueXpress Will Help Clients Through the Assumption Process
8.4.17: Dennis Suh Promoted to Senior Vice President at ValueXpress
ValueXpress LLC has announced the promotion of Dennis Suh to Senior Vice President, Originations. The announcement was made by Michael D. Sneden, Executive Vice President at ValueXpress. “Dennis’s passion for structuring loan transactions that provide the best terms for his clients has been evident … [Read more...] about 8.4.17: Dennis Suh Promoted to Senior Vice President at ValueXpress
7.31.17: ValueXpress Actively Pursuing Bridge Loans
One method to increase CMBS conduit loan originations is to provide bridge loans on assets that are eligible for CMBS conduit loans, but are temporarily underperforming. Typical situations are properties that may be in lease-up, perhaps in conjunction with a rehabilitation program that will make the … [Read more...] about 7.31.17: ValueXpress Actively Pursuing Bridge Loans