ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of a 66-site manufactured housing community (MHC) located in Eugene, Oregon. All the homes are double-wide units. The transaction provided over $2 million of cash-out proceeds to the owner. The market for housing in Eugene … [Read more...] about VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OR
Archives for March 2021
3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
The COVID-19 pandemic has temporarily suppressed new CMBS loan originations, resulting in fewer CMBS securities available to investors. With CMBS bond buyers flush with new annual capital allocations for CMBS and a shortage of securities, spreads continue to tighten, benefitting CMBS loan borrowers. … [Read more...] about 3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
In the debate about the long-term viability of brick-and-mortar retail, it appears that those who wrote off physical stores based on 2020’s pandemic-driven wave of bankruptcies and store closings may have spoken too soon. Citing data from Coresight Research, CNBC reported that planned store openings … [Read more...] about 3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
3.7.21: FREDDIE MAC SEES IMPROVING MULTIFAMILY CONDITIONS IN 2021
Despite the disruptions of 2020, Freddie Mac expects the multifamily market to see improving conditions in 2021. The year will not be easy, with unemployment remaining high and rents in the largest markets expected to remain depressed during the year. The vacancy rate is also expected to increase … [Read more...] about 3.7.21: FREDDIE MAC SEES IMPROVING MULTIFAMILY CONDITIONS IN 2021
VALUEXPRESS ARRANGES $5,000,000 COMMERCIAL LOAN FOR THE REFINANCE OF A 12,300-SQUARE-FOOT RETAIL BUILDING IN BROOKLYN, NY
ValueXpress has arranged a $5,000,000 commercial real estate loan through its relationship with a New York City-based community bank. The property is a 1-story, 12,300-square-foot retail property located at 118 Knickerbocker Avenue in the East Williamsburg neighborhood of Brooklyn, New York. The … [Read more...] about VALUEXPRESS ARRANGES $5,000,000 COMMERCIAL LOAN FOR THE REFINANCE OF A 12,300-SQUARE-FOOT RETAIL BUILDING IN BROOKLYN, NY
3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
The COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, year-over-year declines … [Read more...] about 3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
