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 2019
11.15.19: HOW TO USE A DEFEASANCE CALCULATOR
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
11.11.19: WHY DOES VALUEXPRESS EXCEL FOR CLIENTS: EXPERIENCE!
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!
11.6.19: WHEN IS A CMBS CONDUIT LOAN PERFECT FOR YOU?
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?
11.2.19: U.S. LODGING MARKET UPDATE
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 Obtains $5.5-Million CMBS Conduit Loan for the Refinance of a 78-Room Hampton Inn & Suites in Richland, MS
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
10.28.19: FULL-YEAR CMBS LOAN VOLUME ON TRACK TO EXCEED 2018
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
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