Most CMBS conduit loans feature defeasance as the method for loan prepayment before maturity. In layman’s terms, the lender releases the mortgage lien in exchange for securities, usually treasury bonds, that produce enough cash flow to make the remaining loan payments as they come due. If the total … [Read more...] about 11.22.19: HOW TO ESTIMATE DEFEASANCE COSTS FOR A CMBS CONDUIT LOAN
Archives for November 2019
Most CMBS conduit loans feature defeasance as the method for loan prepayment before maturity (click here for details). Several well-qualified firms handle the defeasance process on behalf of borrowers, and each has a defeasance calculator on its website. Let’s walk through an example of how to … [Read more...] about 11.15.19: HOW TO USE A DEFEASANCE CALCULATOR
The key individuals on the ValueXpress team have significant years of experience in the underwriting and closing of commercial loans, particularly CMBS conduit loans. Mike Sneden has 25 years of experience, and Dennis Suh, Gary Unkel and Jim Brett each have 15 years. This talented team is focused on … [Read more...] about 11.11.19: WHY DOES VALUEXPRESS EXCEL FOR CLIENTS: EXPERIENCE!
A CMBS conduit loan is perfect for the owner or buyer of a multi-tenant income producing property that is one of the following: multifamily, manufactured housing community, retail, industrial, office, hotel or self-storage. This borrower would be seeking to refinance or purchase one of these assets. … [Read more...] about 11.6.19: WHEN IS A CMBS CONDUIT LOAN PERFECT FOR YOU?
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the near‐term lodging outlook appears choppy as prognosticators have downgraded projected 2020 national hotel revenue per available room (RevPAR) growth. While the … [Read more...] about 11.2.19: U.S. LODGING MARKET UPDATE
ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a four-story Hampton Inn hotel constructed in 2015. The loan provided an opportunity to pay off an existing SBA 504 loan and some additional high-cost construction debt. The new loan features a lower monthly payment based … [Read more...] about ValueXpress Obtains $5.5-Million CMBS Conduit Loan for the Refinance of a 78-Room Hampton Inn & Suites in Richland, MS