Here are the specifics on how the interest rate is fixed on a CMBS conduit loan: In the loan Term Sheet, under Interest Rate, the provision indicates that the interest rate will be set by adding the loan “spread” (expressed in basis points; i.e., “250 basis points”) to the Swap Rate with same term … [Read more...] about 9.23.19: How and When Is the Interest Rate Set on a CMBS Conduit Loan – A Refresher
Archives for September 2019
9.19.19: How to Use the Equity in One Property to Purchase Another Property with a CMBS Loan
Most borrowers who have significant equity in their commercial real estate properties but not a lot of cash on hand struggle to efficiently purchase new properties. They assume the only method to generate the down payment for a new acquisition is to complete a cash-out refinance of existing real … [Read more...] about 9.19.19: How to Use the Equity in One Property to Purchase Another Property with a CMBS Loan
9.13.19: Country Inn & Suites Gen 4 Transition Update
Much of the excitement for owners and developers around Country Inn & Suites is tied to renovating properties and transitioning to the Generation 4 design. Since the Gen 4 prototype was launched a few years ago, 140 Country Inn & Suites hotels have completed renovations to comply with the … [Read more...] about 9.13.19: Country Inn & Suites Gen 4 Transition Update
ValueXpress Arranges $2.6-Million SBA 504 Loan for the Purchase of an 8,160 SF Commercial Building in Brooklyn, NY for Conversion to Retail
ValueXpress has arranged a $2.6-million SBA 504 loan for the purchase of an 8,160-square-foot automotive repair facility that has been converted into a vintage clothing retail store. The property is in the East Flatbush neighborhood of Brooklyn N.Y. The building features a ceiling height of 14 feet … [Read more...] about ValueXpress Arranges $2.6-Million SBA 504 Loan for the Purchase of an 8,160 SF Commercial Building in Brooklyn, NY for Conversion to Retail
9.9.19: Loan Requests Surge Amid Record Low Rates
New loan requests are surging for ValueXpress as interest rates for CMBS conduit loans have plummeted to the lowest levels in history. Recall that the interest rate on a 10-year fixed-rate CMBS conduit loan consists of the 10-year swap rate plus the loan spread. The swap rate has declined steadily … [Read more...] about 9.9.19: Loan Requests Surge Amid Record Low Rates
9.4.19: CMBS Conduit Loans Filling Fannie/Freddie Gap for Multifamily
After acquiring multi-family loans at a record-breaking pace over the first seven months of the year, Fannie Mae and Freddie Mac have sharply pulled back in recent weeks, opening lending opportunities for others, including CMBS lenders, according to Commercial Mortgage Alert (CMA).CMA notes that … [Read more...] about 9.4.19: CMBS Conduit Loans Filling Fannie/Freddie Gap for Multifamily
ValueXpress Arranges $6,500,000 CMBS Conduit Loan for the Refinance of a Comfort Suites in Tempe (Phoenix), AZ
ValueXpress has arranged a $6,500,000 CMBS conduit loan for the refinance of a Comfort Suites located in Tempe, Arizona. The Comfort Suites – Phoenix Airport is a 3-story, 92-room interior-corridor hotel constructed in 1999. The hotel is located 5 minutes from Phoenix Sky Harbor International … [Read more...] about ValueXpress Arranges $6,500,000 CMBS Conduit Loan for the Refinance of a Comfort Suites in Tempe (Phoenix), AZ
