CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable 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 roughly 2.30%-2.60%. … [Read more...] about 4.25.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady
Archives for 2017
4.19.17: National Alliance of Commercial Loan Brokers (NACLB) Announces 3rd Annual Conference & Expo to be Held in Orlando, FL
The Gaylord Palms Resort and Convention Center in Orlando, Florida is the site of the NACLB’s 3rd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo. The conference begins on Tuesday, October 17 with an opening cocktail reception and concludes on Thursday afternoon, … [Read more...] about 4.19.17: National Alliance of Commercial Loan Brokers (NACLB) Announces 3rd Annual Conference & Expo to be Held in Orlando, FL
4.13.17: AAHOA Trade Show in San Antonio, TX a Huge Success
On April 12-13, 2017, ValueXpress exhibited at the annual Asian American Hotel Owners (AAHOA) Trade Show held in San Antonio, Texas. The sold-out trade show was attended by a record crowd of more than 6,500 Asian American hoteliers ready to lock in long-term, fixed-rate hotel loans before interest … [Read more...] about 4.13.17: AAHOA Trade Show in San Antonio, TX a Huge Success
4.10.17: Hoteliers Should Use CMBS Loans to Finance PIPs
Competition among hotel franchises is fierce. Franchisors are continually updating the interior and exterior designs for new hotels that become part of their franchise. This updating is often referred to as the latest “prototype” or “brand standard.” Properties that were franchised 10-15 years ago … [Read more...] about 4.10.17: Hoteliers Should Use CMBS Loans to Finance PIPs
4.5.17: Class B Malls Struggle to Refinance
With Sears, Macy’s and JC Penney closing hundreds of stores, mostly in older malls in less-desirable locations, the divide between good malls and bad malls is widening. The best malls, often owned by Simon Property Group, Taubman Centers, Inc. and Westfield LLC, have lenders knocking down their … [Read more...] about 4.5.17: Class B Malls Struggle to Refinance
3.31.17: Small-Balance CMBS Loans Still Available
ValueXpress is making a market in small-balance CMBS loans as an accommodation to new and existing customers, while most CMBS conduit lenders have minimums of $3 million and even $5 million in some instances. “With a push to close more self-storage and small-balance single-tenant loans such as drug … [Read more...] about 3.31.17: Small-Balance CMBS Loans Still Available
3.28.17: Underlying Co-op Loans Fit in CMBS
Underlying co-op loans tend to be lower leverage and are highly desired in CMBS. The loans are a niche product mainly because not many residential properties are under a cooperative form of ownership outside the New York metropolitan area. A residential cooperative, or co-op, is a legal entity, … [Read more...] about 3.28.17: Underlying Co-op Loans Fit in CMBS
3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance
In 2007, $228 billion of CMBS conduit loans were pooled and sold as CMBS securities in the United States, the largest amount in history. Most of the loans provided for a 10-year term, creating a potential refinancing bonanza for 2017. As it turns out, the majority of the loans were closed in the … [Read more...] about 3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance
3.17.17: Stan Siciliano Joins ValueXpress
Stan Siciliano, a 20-year veteran in commercial real estate lending and marketing, joined ValueXpress effective March 20. Stan is primarily responsible for marketing CMBS conduit loans to new ValueXpress clients nationwide. Stan will be working closely with Dennis Suh, Vice President of Originations … [Read more...] about 3.17.17: Stan Siciliano Joins ValueXpress
3.13.17: ValueXpress Exhibiting at AAHOA Annual Convention and Trade Show in San Antonio, TX
On April 12-13, 2017, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in San Antonio, Texas. ValueXpress will be located in Booth 1141 at the Henry B. Gonzalez Convention Center noon-6:00 p.m. on Wednesday, April 12 and noon-5:00 p.m. on Thursday, April … [Read more...] about 3.13.17: ValueXpress Exhibiting at AAHOA Annual Convention and Trade Show in San Antonio, TX