Strong CMBS issuance and lower interest rates heading into the fourth quarter have put CMBS volume on track to exceed last year’s total. As of September 30, a total of $57.8 billion of U.S. CMBS transactions has priced, approximately $375 million below last year. However, about $20 billion in deals … [Read more...] about 10.28.19: FULL-YEAR CMBS LOAN VOLUME ON TRACK TO EXCEED 2018
Archives for October 2019
10.22.19: VALUEXPRESS CELEBRATES SEVEN-YEAR ANNIVERSARY TEACHING AT CCTG
ValueXpress recently passed the seven-year milestone teaching CMBS conduit loan origination at Commercial Capital Training Group (CCTG) in Albany, New York. CCTG is a one-of-a-kind training company that provides a one-week, comprehensive commercial training and education program tailored for new and … [Read more...] about 10.22.19: VALUEXPRESS CELEBRATES SEVEN-YEAR ANNIVERSARY TEACHING AT CCTG
10.15.19: 25-YEAR SBA 504 LOANS ARE A BIG HIT
In April 2018, the U.S. Small Business Administration (SBA) made available 504 loans with a 25-year maturity. The self-amortizing loan complimented the 10- and 20-year 504 loans that were available at the time. By expanding the 504 options to include a 25-year loan, SBA expected that the longer term … [Read more...] about 10.15.19: 25-YEAR SBA 504 LOANS ARE A BIG HIT
ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, Florida Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings … [Read more...] about ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
10.10.19: CMBS CONDUIT LOAN RATES REMAIN AT HISTORIC LOWS
Interest rates for CMBS conduit loans remain at historic lows. After the 10-year swap rate hit a recent low of 1.33% on September 3, the rate began to move upward, creating a concern that the window for record-low CMBS conduit loan rates may quickly close. The 10-year swap rose to 1.79% on September … [Read more...] about 10.10.19: CMBS CONDUIT LOAN RATES REMAIN AT HISTORIC LOWS
10.7.19: NACLB CONVENTION AN ENORMOUS SUCCESS FOR VALUEXPRESS; ATTENDANCE HITS ALL-TIME HIGH
ValueXpress experienced overwhelming mortgage broker traffic at networking events and at its booth during the 5th Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo that was recently held at the Westin Lake Las Vegas Resort & Spa. Over 800 attendees participated in … [Read more...] about 10.7.19: NACLB CONVENTION AN ENORMOUS SUCCESS FOR VALUEXPRESS; ATTENDANCE HITS ALL-TIME HIGH
10.2.19: FOREVER 21 FILES FOR BANKRUPCY
Forever 21 has filed for bankruptcy and will soon cease operations in 40 countries and close up to 350 stores globally. At its peak, the company made $4.4 billion in revenue and made its founders, South Korean immigrants Jin Sook and Do Won "Don" Chang, billionaires. The company's key to success … [Read more...] about 10.2.19: FOREVER 21 FILES FOR BANKRUPCY
ValueXpress Arranges $3.85-Million CMBS Conduit Loan for the Refinance of a 69-Room Comfort Inn Located in Camden, AR
ValueXpress has arranged a $3.85-million CMBS conduit loan for the refinance of a three-story Comfort Inn hotel constructed in 2000. The hotel is located in Camden, Arkansas. The subject hotel was purchased in October 2014 and had not been significantly upgraded since that time. It was … [Read more...] about ValueXpress Arranges $3.85-Million CMBS Conduit Loan for the Refinance of a 69-Room Comfort Inn Located in Camden, AR
