Manufactured Housing Community loans are extremely popular in CMBS. Manufactured Housing Communities (MHCs) are developments in which the landlord leases land “lots” to tenants who then buy or build a manufactured home on the lot. The tenant pays monthly rent to the landlord for the lot. Sometimes … [Read more...] about 6.25.19: Manufactured Housing Loans with an RV Component Okay in CMBS
Archives for 2019
6.20.19: Outlet Mall Opens in Staten Island, N.Y.
Empire Outlets New York City, a 350,000-square-foot retail outlet complex in the St. George neighborhood of Staten Island opened May 15. Construction on Empire Outlets started in 2015. When the $300-million center is fully completed in August 2019, it will include 100 designer outlets. It is the … [Read more...] about 6.20.19: Outlet Mall Opens in Staten Island, N.Y.
6.10.19: Bridge Loan Terms Improve Significantly
Bridge loan terms have improved significantly during the past three months, attributable to the efficiency of commercial real estate Collateralized Loan Obligations (CLOs) issuance and strong investor demand for CLOs. The most competitively priced bridge loans today end up in CLOs. Pricing for … [Read more...] about 6.10.19: Bridge Loan Terms Improve Significantly
6.6.19: How CamScanner Saved a Deal!
I get most of my technology upgrades from my kids. They dragged me into Uber. And now? I can’t live without it. Door Dash and Grubhub have put on a few pounds on me. But a more recent app really saved the day. My daughter isn’t big on having a lot of computer equipment taking up space in her … [Read more...] about 6.6.19: How CamScanner Saved a Deal!
6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
Every Monday ValueXpress publishes current CMBS conduit loan rates. You can sign up to receive our rate sheet at https://www.valuexpress.com/cmbs-conduit-loan-rate-sheet/. We also provide commentary on the latest CMBS market news along with the rate sheet exclusively for subscribers to our rate … [Read more...] about 6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a Best Western Hotel constructed in 2002. The three-story property is located near the Galleria section of Houston, Texas. The subject property was acquired by Fountainview BW, LLC in August 2014. The property was … [Read more...] about ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
5.27.19: Are Cannabis Tenants Allowed in CMBS Loans?
In the United States, the use and possession of cannabis is illegal under federal law. At the state level, however, policies regarding medical and recreational use of cannabis vary greatly, and in many states, policies conflict significantly with federal law. The medical use of cannabis is legal … [Read more...] about 5.27.19: Are Cannabis Tenants Allowed in CMBS Loans?
5.23.19: 10-Year Treasury Yield Hits 18-Month Low
Investors abandoned risky assets after rising U.S.-China trade tensions quashed expectations of a near-term resolution, feeding concerns about economic growth and corporate earnings prospects. U.S. Treasury prices climbed amid a flight to quality, sending the yield on the benchmark 10-year note … [Read more...] about 5.23.19: 10-Year Treasury Yield Hits 18-Month Low
5.17.19: What Happens When a Non-Recourse Carveout Guarantor Dies?
Once in a while, an individual who provided a Guaranty for non-recourse carveouts related to a CMBS conduit loan passes away. What happens? CMBS loan documents provide for this event. The Loan Agreement says the Borrower is to give Lender notice to substitute a replacement Guarantor (“Replacement … [Read more...] about 5.17.19: What Happens When a Non-Recourse Carveout Guarantor Dies?
ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad