The COVID-19 pandemic resulted in many changes to how owners operated their properties. Rooms were cleaned only upon check-out unless requested by guests. Breakfast service was curtailed, and amenities were shut down. These changes were expected to be restored after the pandemic subsided. But … [Read more...] about 8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
Archives for 2021
7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
The 10-year swap rate and 10-year Treasury rate have dropped gradually since May. This is despite an economic rebound that would suggest higher interest rates as the world recovers from the COVID-19 pandemic. The Federal Reserve, however, indicates it will be “highly accommodative for many years” … [Read more...] about 7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the U.S. lodging industry has shifted dramatically over the past 12 months. Looking back to this time last year, the world was fiercely battling the Coronavirus, … [Read more...] about 7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
Five former officers and employees of the now-defunct Banc-Serv Partners LLC in Westfield, Indiana have been convicted by a federal jury in Indianapolis. The defendants were found guilty in a 13-year-long scheme to defraud the U.S. Small Business Administration (SBA) of $5 million. The U.S. … [Read more...] about 7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
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
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
5.31.21: 33 5-STAR REVIEWS AND COUNTING FOR VALUEXPRESS!
In March 2019, we updated our outdated and not-very-functional website. The new ValueXpress website provides a “learning center” where clients can read more about the types of commercial real estate loans we offer and see which loan product is the right fit for them. The new website allows clients … [Read more...] about 5.31.21: 33 5-STAR REVIEWS AND COUNTING FOR VALUEXPRESS!