According to Commercial Mortgage Alert (CMA), commercial MBS issuance is picking up steam. After a slow first quarter, volume is now on track to reach $20 billion by midyear. That would surpass the $17.1 billion of activity in last year’s first half and put the sector on pace to exceed the … [Read more...] about 4.19.12: Lending Rebound Bolstering CMBS Pipeline
4.16.12: AAHOA Heads to Washington, D.C. in Support of SBA Program Extensions
Asian American Hotel Owners (AAHOA) leaders met with members of Congress to discuss two legislative priorities. In recent months, discussions in Washington, D.C. have centered on eliminating the SBA 504 Loan Refinancing Program, which is scheduled to expire in September. AAHOA has asked Congress to … [Read more...] about 4.16.12: AAHOA Heads to Washington, D.C. in Support of SBA Program Extensions
4.6.12: After Slow Quarter, CMBS Volume Should Pick Up
CMBS issuance in the United States got off to a slow start in the first quarter, but activity is expected to step up in coming months, according to Commercial Mortgage Alert. Only $6 billion of CMBS priced January-March, down 32% from a year earlier and virtually flat with fourth-quarter 2011. The … [Read more...] about 4.6.12: After Slow Quarter, CMBS Volume Should Pick Up
4.3.12: What’s the Direction of Debt Yield on CMBS 2.0 Issues?
Since the restart of the CMBS market in June 2010 when JPMorgan issued $716 million of CMBS, market participants have focused on a metric called debt yield. Debt yield is the property net cash flow (generally defined as actual income and expenses including management fees less capital reserves … [Read more...] about 4.3.12: What’s the Direction of Debt Yield on CMBS 2.0 Issues?
3.29.12: Chris Hurn Speaks to Congress in Support of Small Business
Chris Hurn, founder and CEO of Mercantile Capital Corporation and a leader in the SBA 504 finance industry, testified on March 29 before the Senate Committee on Small Business and Entrepreneurship to recommend extension of the SBA 504 refinance program and the SBA 504 First Mortgage Loan Pooling … [Read more...] about 3.29.12: Chris Hurn Speaks to Congress in Support of Small Business
3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
CMBS conduit loans rates are declining in concert with the powerful rally in the CMBS market that began in January. Strong demand for CMBS continues based on the results of a $925-million conduit offering led by Wells Fargo and RBS that priced on Friday, March 22. All but one of the investment-grade … [Read more...] about 3.26.12: CMBS Conduit Loan Rates Decline with CMBS Spreads
3.22.12: Increased CMBS Loss Severities
While new CMBS issues are the rage with investors, legacy CMBS is still a challenge for subordinate bondholders that continue to take it on the chin. On Thursday, March 22, Moody’s reported that the weighted-average loss severity for commercial mortgage-backed security loans liquidated in the fourth … [Read more...] about 3.22.12: Increased CMBS Loss Severities
3.14.12: Mike Delafraz Wins NOOK Tablet at Regional Conference of MBAs Convention and Trade Show
Mortgage banker Mike Delafraz won a new NOOK Tablet e-reader at the ValueXpress booth at the Regional Conference of MBAs Convention and Trade Show held recently in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort. Mike was excited to win the e-reader, as he was just about to purchase one. … [Read more...] about 3.14.12: Mike Delafraz Wins NOOK Tablet at Regional Conference of MBAs Convention and Trade Show
3.6.12: CMBS Spreads Tighten Across the Board in February
Trepp reported that the powerful rally in the CMBS market that started at the beginning of 2012 extended for a second month, giving investors a lot to cheer about in February: The market has tightened in four of the last five months. After a miserable stretch from June through mid-September 2011, … [Read more...] about 3.6.12: CMBS Spreads Tighten Across the Board in February
3.1.12: SBA Announces Updated Lender Website
The Office of Communications and Public Liaison (OCPL) worked with SBA stakeholders to solicit feedback on improving the current Lender website located at http://www.sba.gov/for-lenders. As a result of feedback from local SBA offices, the Office of Capital Access (OCA), select lenders and SBA Loan … [Read more...] about 3.1.12: SBA Announces Updated Lender Website
