ValueXpress has arranged a $2,915,000 CMBS conduit loan for the refinance of a 65-site manufactured housing community located in Henderson (Las Vegas), Nevada. Most of the homes are double-wide units and half of the sites are occupied by RVs. The property was unencumbered, and the entire loan … [Read more...] about ValueXpress Obtains $2,915,000 Loan for the Refinance of a 65-Site Manufactured Housing Community (MHC) in Henderson, NV
12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
Benchmark spreads on CMBS conduit securities tightened this past week despite a wave of new issues hitting the market before yearend. Bond buyers usually have reduced funds at this time of year as they typically have invested their annual allocations and often sit on the sidelines until the new … [Read more...] about 12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
12.10.19: CMBS DELINQUENCY RATES CONTINUE TO DECLINE
The Trepp CMBS delinquency rate maintained its downward trend in November, falling sharply to another post-crisis low. The November reading was 2.34%, a month-over month drop of 13 basis points (bp). The delinquency rate is down 99 bp year over year. The delinquency rate started to fall after June … [Read more...] about 12.10.19: CMBS DELINQUENCY RATES CONTINUE TO DECLINE
12.5.19: CARLSBAD, NM HOTEL MARKET POWERED BY THE DELAWARE BASIN
Carlsbad, New Mexico is located 150 miles northeast of El Paso, Texas, in the southeastern section of New Mexico. It is well known as the gateway to the vast, bat-filled caves of Carlsbad Caverns National Park. But what’s really happening in Carlsbad involves oil and gas exploration and … [Read more...] about 12.5.19: CARLSBAD, NM HOTEL MARKET POWERED BY THE DELAWARE BASIN
ValueXpress Arranges $9.2-Million Loan for the Purchase of a 20,880-Square-Foot Commercial Building Located in Brooklyn, NY for Conversion to Retail Use
ValueXpress has arranged a $9.2-million loan for the purchase of a 20,880-square-foot warehouse building that will be converted into a multi-tenant retail center. The property is in the Bushwick neighborhood of Brooklyn, New York. The single-story building will feature a new façade, architectural … [Read more...] about ValueXpress Arranges $9.2-Million Loan for the Purchase of a 20,880-Square-Foot Commercial Building Located in Brooklyn, NY for Conversion to Retail Use
12.2.19: REMEMBER: INTEREST-ONLY LOANS ARE AVAILABLE IN CMBS!
Unlike many commercial loan programs, CMBS conduit loans can provide for partial interest-only loan payments as well as full-term, interest-only loan payments for lower leverage loans. This structure provides higher cash flow after debt service to the sponsor, and it can be particularly useful in … [Read more...] about 12.2.19: REMEMBER: INTEREST-ONLY LOANS ARE AVAILABLE IN CMBS!
ValueXpress Obtains $1,775,000 CMBS Conduit Loan for the Refinance of a 33,100-Square-Foot Neighborhood Retail Center Located in Kenmore (Buffalo), NY
ValueXpress obtained a $1,775,000 CMBS conduit loan for a prominent developer in Buffalo, New York that provided approximately $375,000 in cash-out proceeds to provide equity for additional real estate projects. The loan is secured by 4 commercial retail buildings leased to 18 tenants. The property, … [Read more...] about ValueXpress Obtains $1,775,000 CMBS Conduit Loan for the Refinance of a 33,100-Square-Foot Neighborhood Retail Center Located in Kenmore (Buffalo), NY
11.22.19: HOW TO ESTIMATE DEFEASANCE COSTS FOR A CMBS CONDUIT LOAN
Most CMBS conduit loans feature defeasance as the method for loan prepayment before maturity. In layman’s terms, the lender releases the mortgage lien in exchange for securities, usually treasury bonds, that produce enough cash flow to make the remaining loan payments as they come due. If the total … [Read more...] about 11.22.19: HOW TO ESTIMATE DEFEASANCE COSTS FOR A CMBS CONDUIT LOAN
11.15.19: HOW TO USE A DEFEASANCE CALCULATOR
Most CMBS conduit loans feature defeasance as the method for loan prepayment before maturity (click here for details). Several well-qualified firms handle the defeasance process on behalf of borrowers, and each has a defeasance calculator on its website. Let’s walk through an example of how to … [Read more...] about 11.15.19: HOW TO USE A DEFEASANCE CALCULATOR
11.11.19: WHY DOES VALUEXPRESS EXCEL FOR CLIENTS: EXPERIENCE!
The key individuals on the ValueXpress team have significant years of experience in the underwriting and closing of commercial loans, particularly CMBS conduit loans. Mike Sneden has 25 years of experience, and Dennis Suh, Gary Unkel and Jim Brett each have 15 years. This talented team is focused on … [Read more...] about 11.11.19: WHY DOES VALUEXPRESS EXCEL FOR CLIENTS: EXPERIENCE!