The CMBS delinquency rate for U.S. commercial real estate loans in CMBS declined significantly in November, to 5.80%, reversing an 11-basis-point (bp) increase reported in October, according to Trepp. The November delinquency rate was the largest drop in ten months and the reading was the lowest … [Read more...] about 12.3.14: CMBS Delinquency Posts Significant Decline in November

A flood of CMBS deals slated to price before year-end may result in lower CMBS bond prices if investors do not have the appetite to buy all of the supply. Many CMBS buyers, including insurance companies, are provided annual allocations for fixed-income investments such as CMBS, and once those … [Read more...] about 11.28.14: Flood of CMBS Deals May Put Downward Pressure on Pricing

On November 23, UBS, Deutsche Bank, Jeffries, Cantor Fitzgerald, KeyBank and Pillar priced the benchmark class of a $1.275-billion multi-borrower CMBS conduit offering at significantly wider spreads than the previous offering on November 18 from Wells Fargo, RBS, Rialto Capital and other loan … [Read more...] about 11.25.14: Spreads Widen on Recent CMBS Offering

Moody’s recently reported further deterioration of CMBS conduit loan underwriting using its internal loan-to-value (LTV) metrics. The experts at Moody’s Investors Service track the principal amount of CMBS loans compared with the property’s value based on applying an appropriate capitalization rate … [Read more...] about 11.19.14: Moody’s Warns on CMBS Loan Underwriting

“Our mission at ValueXpress, particularly for first-time CMBS conduit loan borrowers, is to make a complex loan process as painless as possible,” explained Michael D. Sneden, Executive Vice President at ValueXpress. “This enables borrowers to keep up with the fast-paced underwriting and closing … [Read more...] about 11.14.14: On the Road Again … This Time to Lubbock, TX!

Freddie Mac, a government-sponsored enterprise (GSE) that buys mortgages for pooling and sale as mortgage-backed securities has announced a new small balance multifamily loan acquisition program. The program, dubbed Small Balance Loan (SBL), kicked off during Freddie Mac’s seller/servicer conference … [Read more...] about 11.11.14: Freddie Mac Announces Small Balance Multifamily Loan Program

“I have wondered many times why assisted living properties can’t seem to make it into CMBS transactions,” noted Jim Brett, head of Underwriting at ValueXpress. “It seems the risk profile is similar to hotels, so applying underwriting standards somewhat more conservative than hotels, perhaps 65% LTV … [Read more...] about 11.4.14: Limited Amount of Assisted Living Loans Found in CMBS 2.0

ValueXpress will be among the sponsors of the first National Alliance of Commercial Loan Brokers (NACLB) Annual Conference & Expo at the Red Rock Casino in Las Vegas, Nevada. ValueXpress will be sponsoring the luncheon on Monday, March 9th that will feature the conference keynote speaker. The … [Read more...] about 10.31.14: ValueXpress to be a Keynote Sponsor at the 2015 National Alliance of Commercial Loan Brokers Conference

Third-quarter 2014 commercial and multifamily mortgage loan originations were 16% higher than a year earlier and 18% higher than in the second quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. "Commercial real … [Read more...] about 10.28.14: Commercial/Multifamily Mortgage Bankers Originations Up!