The hotel lending market is rebounding solidly amid the receding COVID-19 pandemic. Destination hotels, extended-stay hotels and other service-oriented hotels that remained busy during the pandemic are expected to qualify for new loans as cash flows rise sharply amid pent-up demand from travelers. … [Read more...] about 6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
Archives for June 2021
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
6.20.21: CMBS SPREADS CONTINUE TO TIGHTEN ON STRONG INVESTOR DEMAND
Strong demand led to tight pricing on newly issued CMBS securities amid the marketing of $10 billion of bonds. Wells Fargo, Morgan Stanley, Bank of America and NCB priced the $1-billion conduit issue on June 14, with the super-senior, long-term AAA-rated bonds pricing at 64 basis points (bp) over … [Read more...] about 6.20.21: CMBS SPREADS CONTINUE TO TIGHTEN ON STRONG INVESTOR DEMAND
6.11.21: HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN – A REFRESHER
How is the interest rate fixed on a CMBS conduit loan? In the loan Term Sheet, under Interest Rate, the provision indicates the interest rate will be set by adding the loan “spread” (expressed in basis points; i.e., “250 basis points”) to the Swap Rate with the same term as the loan. If the loan is … [Read more...] about 6.11.21: HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN – A REFRESHER
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
