On March 28-29, 2018, ValueXpress exhibited at the annual Asian American Hotel Owners (AAHOA) Trade Show held in National Harbor, MD. The trade show was attended by more than 5,000 Asian American hoteliers ready to lock in long-term, fixed-rate hotel loans before interest rates head further … [Read more...] about 3.30.18: AAHOA Trade Show in National Harbor, MD a Huge Success
Archives for March 2018
3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
3.20.18: Rents for Apartment in NYC Poised to Decline
Beleaguered renters in New York City may begin to see some relief to rising rents as the year progresses. Market analysts are watching rents plateau and developers increasing incentives to lure tenants into all the new properties that are completed and now leasing. Market participants are … [Read more...] about 3.20.18: Rents for Apartment in NYC Poised to Decline
3.16.18: Competition Is Fierce for CMBS Conduit Loans
CMBS conduit lenders are aggressively cutting loan spreads and loosening loan structure to win business amid a shortage of good-quality CMBS conduit loans. For the better part of a year, most CMBS conduit lenders are bidding low-leverage large loans at breakeven spreads in order be able to … [Read more...] about 3.16.18: Competition Is Fierce for CMBS Conduit Loans
3.15.18: Toys “R” Us to Close Stores and Liquidate
Toys “R” Us filed a motion today in bankruptcy court to liquidate inventory and close all its stores. The retailer had filed for Chapter 11 bankruptcy in September 2017, resulting from vendors demanding cash payments in advance of merchandise shipments. At the time of the filing, the company … [Read more...] about 3.15.18: Toys “R” Us to Close Stores and Liquidate
3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from published rates … [Read more...] about 3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
ValueXpress has arranged a $4.76-million CMBS conduit loan for the refinance of a three-story Quality Inn and Suites hotel constructed in 2012 and located in Bryan, Texas. The property is situated on Highway 6 near Highway 21, just north of College Station, Texas, home of Texas A&M University. … [Read more...] about ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
ValueXpress Arranges $7.5-Million CMBS Conduit Loan for the Refinance of 83-Room Best Western Plus at Liberty International Airport, Newark, NJ
ValueXpress has arranged a $7.5-million CMBS conduit loan for the refinance of a five-story Best Western hotel located at Liberty International Airport in Newark, N.J. after overcoming a title defect that delayed the transaction for a year. The Best Western Plus Newark Airport offers a daily … [Read more...] about ValueXpress Arranges $7.5-Million CMBS Conduit Loan for the Refinance of 83-Room Best Western Plus at Liberty International Airport, Newark, NJ
3.2.18: Lenders Look to Increase Leverage on CMBS Loans
Loan-to-value (LTV) levels for CMBS conduit loans have dropped over the past two years due to a variety of factors, including the implementation of risk-retention rules and picky buyers of subordinate CMBS securities (known as b-buyers) that prefer lower leverage CMBS transactions that are perceived … [Read more...] about 3.2.18: Lenders Look to Increase Leverage on CMBS Loans
