Commercial and multifamily mortgage bankers closed a record $573.9 billion of loans in 2018, according to MBA's 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Solid fundamentals, growing property values, low interest rates and strong appetites from both … [Read more...] about 4.4.19: Commercial and Multifamily Mortgage Bankers Close a Record $573.9 Billion of Loans in 2018!
Archives for 2019
ValueXpress Arranges $4,500,000 CMBS Conduit Loan for the Refinance of a Hampton Inn Hotel in Santa Rosa, NM
ValueXpress has arranged a $4,500,000 CMBS conduit loan for the refinance of a 64-room Hampton Inn hotel located in Santa Rosa, New Mexico. The three-story hotel was constructed in 2008. The purpose for the loan was to convert an existing floating-rate SBA loan into a 10-year fixed rate loan at a … [Read more...] about ValueXpress Arranges $4,500,000 CMBS Conduit Loan for the Refinance of a Hampton Inn Hotel in Santa Rosa, NM
4.1.19: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in San Diego, CA – Booth 1844
On April 25-26, 2019, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in San Diego, CA. ValueXpress will be located in Booth 1844 at the San Diego Convention Center 11:00 a.m.-5:00 p.m. on Thursday, April 25 and 11:00 a.m.-5:00 p.m. on Friday, April … [Read more...] about 4.1.19: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in San Diego, CA – Booth 1844
3.26.19: Interest Rates Fall Substantially for CMBS Conduit Loans
Interest rates on CMBS conduit loans have decreased significantly in the last 30 days. Low leverage CMBS conduit loans (50%-60% LTV) are being quoted in the 4.25%-4.50% range, while full leverage (70%-75% LTV) loans are available at rates under 5.0%. Rates this low have not been available for a … [Read more...] about 3.26.19: Interest Rates Fall Substantially for CMBS Conduit Loans
3.20.19: Reminder: Indicative CMBS Conduit Loan Rates Are Posted on Our Website
Want to keep abreast of interest rates for CMBS conduit loans? Then visit our website each Monday for the latest rates. The rate sheet can be found on the homepage for valuexpress.com. Every Monday by noon we post a rate sheet with current interest rates for CMBS conduit loans. The rate sheet … [Read more...] about 3.20.19: Reminder: Indicative CMBS Conduit Loan Rates Are Posted on Our Website
ValueXpress Arranges $3,250,000 CMBS Conduit Loan for the Refinance of a Best Western Plus Hotel in Crawfordsville, IN
ValueXpress has arranged a $3,250,000 CMBS conduit loan for the refinance of an 81-room Best Western Plus hotel. The sponsors purchased the hotel in September 2015 from the bank in an all-cash transaction. The property was originally constructed in 2011 and operated as a Candlewood Suites until … [Read more...] about ValueXpress Arranges $3,250,000 CMBS Conduit Loan for the Refinance of a Best Western Plus Hotel in Crawfordsville, IN
3.15.19: An Experienced CMBS Closing Attorney Can Save You Money
Legal fees to close commercial real estate loans can be expensive. The borrower pays for the lender’s attorney fees and the fees charged by the borrower’s attorney. Legal fees for CMBS conduit loans can be expensive since all CMBS conduit loans are non-recourse, and the loan documents are more … [Read more...] about 3.15.19: An Experienced CMBS Closing Attorney Can Save You Money
3.10.19: CMBS Delinquency Rates Continue to Decline
The Trepp CMBS delinquency rate broke through the 3% threshold in February 2019 as the reading continues its steady decline. The February reading fell 15 basis points (bp) to 2.87% from 3.02% registered in January. The February result is another post-crisis low. The delinquency rate is 164 bp lower … [Read more...] about 3.10.19: CMBS Delinquency Rates Continue to Decline
3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...] about 3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL
ValueXpress has arranged a $3,875,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...] about ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL