President Trump signed into law a second round of Covid-19 relief on Sunday, December 27. While the details are being reviewed, the bill contains the following provisions regarding a second round of Payment Protection Program (PPP) loans. The new round is known as PPP 2.0 and has the following … [Read more...] about 12.28.20: SECOND ROUND OF PPP LOANS SIGNED INTO LAW
Archives for 2020
12.15.20: THE MODERN GROUND LEASE FROM SAFEHOLD
In 2017, commercial real estate finance veteran Jay Sugarman launched Safehold, a publicly traded REIT managed by iStar Financial, of which Sugarman is chairman and CEO. The mission of New York City-based Safehold, according to its website, is “to revolutionize real estate ownership by providing a … [Read more...] about 12.15.20: THE MODERN GROUND LEASE FROM SAFEHOLD
12.9.20: MBA/CREF CONVENTION VIRTUAL FOR 2021
The 21st MBA CREF/Multifamily Housing Convention and Expo, traditionally held in San Diego, California in the beginning of February, will be virtual in 2021 due to the pandemic. The conference typically attracts over 3,000 commercial and multifamily professionals who network with industry leaders … [Read more...] about 12.9.20: MBA/CREF CONVENTION VIRTUAL FOR 2021
VALUEXPRESS ARRANGES $4,150,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF THE MURCHISON BUILDING LOCATED IN WILMINGTON, NC
ValueXpress has arranged a $4,150,000 CMBS conduit loan for the refinance of a 55,200-square-foot office building located at 201 N. Front Street in Wilmington, North Carolina. The Murchison Building is an 11-story brick and marble structure at the corner of Front and Chestnut Streets. Sitting on … [Read more...] about VALUEXPRESS ARRANGES $4,150,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF THE MURCHISON BUILDING LOCATED IN WILMINGTON, NC
12.1.20: STEP-DOWN PREPAYMENT LOANS ARE BACK!
ValueXpress has been originating CMBS conduit loans for over 25 years. We are a leader in originating loans for newly launched CMBS programs that offer a better value proposition for our clients than existing options. When new programs are developed, we are the first to know as ValueXpress is sought … [Read more...] about 12.1.20: STEP-DOWN PREPAYMENT LOANS ARE BACK!
VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
ValueXpress has arranged a $6-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the city. The purpose of the loan was to … [Read more...] about VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
11.17.20: TREPP PREDICTS MINIMUM 10% INCREASE IN CMBS LOANS FOR 2021
According to a recent report from Trepp, private-label CMBS issuance is projected to rise at least 10% in 2021 from 2020’s depressed levels. So far, $50.6 billion of conduit and single-borrower transactions have priced in 2020. Including deals slated for December, 2020 will finish with about $55-$60 … [Read more...] about 11.17.20: TREPP PREDICTS MINIMUM 10% INCREASE IN CMBS LOANS FOR 2021
11.9.20: KIMCO’S ROSS COOPER PROVIDES RETAIL INSIGHTS
In a recent interview, Kimco Realty President and CIO Ross Cooper discussed retail trends and strategies amid the pandemic and highlighted the potential for shopping centers in 2021. Ross notes that the retail store is the most cost-effective distribution model when coupled with curbside and … [Read more...] about 11.9.20: KIMCO’S ROSS COOPER PROVIDES RETAIL INSIGHTS
VALUEXPRESS ARRANGES $2.6-MILLION SBA 504 LOAN FOR THE PURCHASE OF AN 8,160 SF COMMERCIAL BUILDING IN BROOKLYN, NY FOR CONVERSION TO RETAIL
ValueXpress has arranged a $2.6-million SBA 504 loan for the purchase of an 8,160-square-foot automotive repair facility that has been converted into a vintage clothing retail store. The property is in the East Flatbush neighborhood of Brooklyn, New York. The building features a ceiling height of 14 … [Read more...] about VALUEXPRESS ARRANGES $2.6-MILLION SBA 504 LOAN FOR THE PURCHASE OF AN 8,160 SF COMMERCIAL BUILDING IN BROOKLYN, NY FOR CONVERSION TO RETAIL
11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
Banks are beginning to increase pressure on borrowers with non-performing loans to pay or find financing elsewhere. Borrowers with low-leverage loans pre-COVID that simply need time to restabilize are turning to the bridge loan market for alternatives. The situation is particularly acute in the … [Read more...] about 11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
