CDC Direct Capital has announced an SBA 504 Secondary Market solution with the Morgan Stanley SBA 504 First Mortgage Secondary Market Program. This program enables a bank to sell the entire first mortgage on any SBA 504 loan. Morgan Stanley is offering a 100% loan purchase program pertaining to the … [Read more...] about 2.17.11: Morgan Stanley and CDC Direct Team Up
2.10.11: CMBS Conduit Loan Origination in 2011 & Beyond: Report from the MBA CREF Convention
The prognosis for CMBS conduit loan origination in 2011 and beyond was discussed at this year’s MBA CREF convention by three of the most active originators of CMBS loans right now, Richard Schlenger of Citigroup, Roddy O’Neal of Goldman Sachs and Dennis Schuh of JPMorgan. In addition, Warren DeHaan … [Read more...] about 2.10.11: CMBS Conduit Loan Origination in 2011 & Beyond: Report from the MBA CREF Convention
2.4.11: SBA Removes Warranty Period for Loans Sold at a Premium in the Secondary Market
Form 1086 has been updated to include clarifications to prevailing program rules along with additional lender certifications. In a program notice to SBA employees and SBA Lenders, the SBA updated Form 1086, Secondary Participation Guaranty Agreement (Form 1086) that is used in the 7(a) loan program … [Read more...] about 2.4.11: SBA Removes Warranty Period for Loans Sold at a Premium in the Secondary Market
2.1.11: Trepp Reports Delinquency Rate Reaches Another Record High
On the heels of a CMBS industry conference where cautious optimism was the common theme, and a week in which several new CMBS deals were announced, a record setting delinquency rate of 9.34% for January indicates that the CMBS market still has some ground to make up, according to a report from … [Read more...] about 2.1.11: Trepp Reports Delinquency Rate Reaches Another Record High
1.27.11: Looking Under the Hood of the Goldman/CitiGroup CMBS Deal
On December 28, 2010, Goldman Sachs and Citigroup teamed up on an $876-million CMBS transaction backed by 43 commercial mortgages they had recently originated. The deal, GS Mortgage Securities Trust, 2010-C2 was the most recent multiborrower CMBS transaction. The market awaits new CMBS issues from … [Read more...] about 1.27.11: Looking Under the Hood of the Goldman/CitiGroup CMBS Deal
1.26.11: Small-Business Loan Amounts Rise at the Jersey Shore
Small businesses at the Shore received 177% more money from U.S. government-backed loans during the quarter that ended December 31, 2010 than the same time a year earlier, the U.S. Small Business Administration said Wednesday. Volume was aided by a program that temporarily waived fees and increased … [Read more...] about 1.26.11: Small-Business Loan Amounts Rise at the Jersey Shore
1.19.11: ValueXpress News & Recent Closings Biweekly Now on WordPress
Our ValueXpress biweekly News & Recent Closings is now available on WordPress. Subscribers can continue to receive News & Recent Closings via our biweekly email Blast; however, for those of you who have been challenged by spam filters and other issues, this is your answer: Go to … [Read more...] about 1.19.11: ValueXpress News & Recent Closings Biweekly Now on WordPress
1.13.11: SBA Guarantees: Should I Sell or Should I Hold
Recently one of our bank partners asked us whether it should hold SBA-guaranteed loans in portfolio for ongoing net interest income or sell the guarantee for an up-front profit. We replied that the answer depends on a variety of factors, including bank capital and deposit levels, loan portfolio … [Read more...] about 1.13.11: SBA Guarantees: Should I Sell or Should I Hold
1.7.11: CMBS Prices Rally Yet Again
The first week of 2011 saw a ferocious rally in CMBS: spreads plummeted across all classes of CMBS in new and older vintage issues. The benchmark CMBS issue, GSMS 2007-GG10, ended the week at 210 basis points (bp) over swaps and is poised to break 200 bp, a level not since early July 2008. Also, … [Read more...] about 1.7.11: CMBS Prices Rally Yet Again
1.3.11: ValueXpress in Discussion for New SBA Relationship
ValueXpress is talking with a southern community bank about working together in originating government guaranteed loans [SBA 7(a), 504 and USDA B&I] in Mississippi, Louisiana, southern Alabama and the panhandle of Florida. The relationship would extend ValueXpress’ direct government guaranteed … [Read more...] about 1.3.11: ValueXpress in Discussion for New SBA Relationship
