Secondary industrial markets are displaying demographic expansion, profitable lease rates and availability of developable land that has resulted in greater growth than primary markets, according to a recent report from Colliers International. Cincinnati, Indianapolis, St. Louis and the Lehigh Valley … [Read more...] about 7.24.18: Industrial in Secondary Markets Is Strong
Archives for 2018
Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
Special servicers of CMBS conduit loans are increasingly considering discounted pay-offs as a solution to problem CMBS conduit loans. “CMBS loan disposition and modification decisions for CMBS conduit loans have historically been in the hands of special servicers,” explained Michael Sneden, … [Read more...] about Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
SBA 7(a) Program Helping Hoteliers Refinance Limited-Service Hotel Loans
The SBA 7(a) program is helping limited-service hotel owners refinance their maturing CMBS conduit loans. “I have seen an unbelievable surge in hotel loan requests from new and existing CMBS conduit loan clients,” comments a surprised Jay Bhakta, a ValueXpress loan originator. “Their CMBS loans are … [Read more...] about SBA 7(a) Program Helping Hoteliers Refinance Limited-Service Hotel Loans
7.20.18: What Will Replace the LIBOR Index?
In April 2018, the Federal Reserve released a new U.S. benchmark rate called the Secured Overnight Financing Rate, or SOFR. The SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. Over the past 30 days, the SOFR has generally ranged between 1.90% … [Read more...] about 7.20.18: What Will Replace the LIBOR Index?
7.16.18: Industry Veterans See Stable CMBS Conduit Loan Spreads for Balance of 2018
CMBS participants foresee relatively flat prices for CMBS securities for the second half of 2018. This would be good news for CMBS borrowers as “re-trading” of CMBS loan spreads to borrowers would remain muted if CMBS prices remain stable. Re-trading occurs when spreads on CMBS securities rise … [Read more...] about 7.16.18: Industry Veterans See Stable CMBS Conduit Loan Spreads for Balance of 2018
7.10.18: Collateralized Loan Obligations Make a Comeback!
Earlier this spring, Kroll Bond Rating Agency assigned preliminary ratings to a commercial real estate “collateralized loan obligation,” or CLO, that LoanCore Capital Markets was taking to the market. The CLO was backed by $1.1 billion in first mortgages secured by a mix of 33 properties. The … [Read more...] about 7.10.18: Collateralized Loan Obligations Make a Comeback!
7.6.18: Meet with Dennis Suh and Mike Sneden at the Regional AAHOA Conference and Trade Show in Long Island, NY on August 7
On August 7, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Regional Trade Show in Long Island, New York. ValueXpress will be exhibiting at Atlantis Banquet & Events, 431 East Main Street, Riverhead, New York, 3:00 p.m.-6:00 p.m. ValueXpress will be joining AAHOA … [Read more...] about 7.6.18: Meet with Dennis Suh and Mike Sneden at the Regional AAHOA Conference and Trade Show in Long Island, NY on August 7
7.2.18: ValueXpress Revises Loan Document Checklist Required for a Loan Quote
Borrowers have two options to receive a loan proposal for a CMBS conduit loan. The first option is to request a Summary of Certain Indicative Terms, which is a one-page summary of the proposed loan terms that has not been through a complete credit review process, but has a high likelihood that the … [Read more...] about 7.2.18: ValueXpress Revises Loan Document Checklist Required for a Loan Quote
6.26.18: Flexible Office Space Firms Growing Exponentially in New York City
Flexible office space operators are expanding at a rapid pace in New York City, mirroring trends across the United States. Flexible office space is a concept that allows small companies and/or individuals to share or rent workstations or small self-contained office units. The space is often rented … [Read more...] about 6.26.18: Flexible Office Space Firms Growing Exponentially in New York City
6.22.18: ValueXpress Fixed-Fee CMBS Program Takes Off
A few months ago, ValueXpress introduced a “fixed cost” CMBS conduit loan option for loans between $1.5 million and $12 million. “We closed our first loan a few weeks ago and have another three loans in the closing process,” commented Michael Sneden, Executive Vice President at ValueXpress. “Clients … [Read more...] about 6.22.18: ValueXpress Fixed-Fee CMBS Program Takes Off