The Federal Emergency Management Agency (FEMA) has developed Flood Insurance Rate Maps (FIRM) for all land in the United States. FIRM are used by surveyors to determine the Flood Zone for all property secured by a CMBS loan, and the Flood Zone is required to be noted on all surveys for a CMBS … [Read more...] about 2.25.20: A PRIMER ON FLOOD INSURANCE FOR CMBS LOANS
Archives for February 2020
2.20.20: CBRE REPORTS ON CAP RATES AT YEAREND 2019
CBRE notes that capitalization rates (cap rates) were broadly stable in the second half of 2019 and relatively stable for full-year 2019 in its recently published survey for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of December 31, … [Read more...] about 2.20.20: CBRE REPORTS ON CAP RATES AT YEAREND 2019
2.17.20: OPTIMISM ABOUNDS AT MBA/CREF CONVENTION
Capital for investment in real estate debt and equity is anticipated to be plentiful in 2020, according to panelists at the MBA CREF/Multifamily Housing Convention & Expo held in San Diego this week. But the abundance of capital is creating intense competition. Bank portfolio lenders continue to … [Read more...] about 2.17.20: OPTIMISM ABOUNDS AT MBA/CREF CONVENTION
2.9.20: DON’T CALL THIS A HOSTEL!
The “youth hostel” concept is evolving and expanding in the United States. Just don’t call it a hostel. The new trend is called “shared accommodations,” and it is the latest trend in hospitality, with upscale amenities and private bathrooms, that targets millennials looking for value in chic … [Read more...] about 2.9.20: DON’T CALL THIS A HOSTEL!
2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...] about 2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
ValueXpress Obtains $4.05-Million CMBS Conduit Loan for the Purchase of a Homewood Suites Limited Service Hotel in Ridgeland (Jackson), MS
ValueXpress has arranged a $4,050,000 CMBS conduit loan for the purchase of a Homewood Suites by Hilton limited service hotel. The Homewood Suites – Jackson/Ridgeland is a 3-story, 91-room interior corridor property constructed in 1997. In 2020, a major Property Improvement Plan (PIP), expected … [Read more...] about ValueXpress Obtains $4.05-Million CMBS Conduit Loan for the Purchase of a Homewood Suites Limited Service Hotel in Ridgeland (Jackson), MS
2.3.20: INTEREST RATES TUMBLE TO UNDER 4% FOR CMBS CONDUIT LOANS ON CORONAVIRUS OUTBREAK
Interest rates for CMBS conduit loans have fallen to historic lows as the death toll from China’s coronavirus outbreak continues to rise, rattling investors worried about the financial impact on the world’s second-largest economy. In the United States, equity prices have gyrated, while Treasury … [Read more...] about 2.3.20: INTEREST RATES TUMBLE TO UNDER 4% FOR CMBS CONDUIT LOANS ON CORONAVIRUS OUTBREAK
ValueXpress Obtains $3.9-Million CMBS Conduit Loan for the Purchase of a Single-Tenant Retail Condominium Leased to 7-Eleven in Manhattan, NYC
ValueXpress has arranged a $3,900,000 CMBS conduit loan for the purchase of a retail condominium leased to 7-Eleven on a triple net basis for 15 years. The store is located on the ground floor of a residential condominium located along the east side of Bowery between East 3rd Street and East 4th … [Read more...] about ValueXpress Obtains $3.9-Million CMBS Conduit Loan for the Purchase of a Single-Tenant Retail Condominium Leased to 7-Eleven in Manhattan, NYC
