I get most of my technology upgrades from my kids. They dragged me into Uber. And now? I can’t live without it. Door Dash and Grubhub have put on a few pounds on me. But a more recent app really saved the day. My daughter isn’t big on having a lot of computer equipment taking up space in her … [Read more...] about 6.6.19: How CamScanner Saved a Deal!
6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
Every Monday ValueXpress publishes current CMBS conduit loan rates. You can sign up to receive our rate sheet at https://www.valuexpress.com/cmbs-conduit-loan-rate-sheet/. We also provide commentary on the latest CMBS market news along with the rate sheet exclusively for subscribers to our rate … [Read more...] about 6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a Best Western Hotel constructed in 2002. The three-story property is located near the Galleria section of Houston, Texas. The subject property was acquired by Fountainview BW, LLC in August 2014. The property was … [Read more...] about ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
5.27.19: Are Cannabis Tenants Allowed in CMBS Loans?
In the United States, the use and possession of cannabis is illegal under federal law. At the state level, however, policies regarding medical and recreational use of cannabis vary greatly, and in many states, policies conflict significantly with federal law. The medical use of cannabis is legal … [Read more...] about 5.27.19: Are Cannabis Tenants Allowed in CMBS Loans?
5.23.19: 10-Year Treasury Yield Hits 18-Month Low
Investors abandoned risky assets after rising U.S.-China trade tensions quashed expectations of a near-term resolution, feeding concerns about economic growth and corporate earnings prospects. U.S. Treasury prices climbed amid a flight to quality, sending the yield on the benchmark 10-year note … [Read more...] about 5.23.19: 10-Year Treasury Yield Hits 18-Month Low
5.17.19: What Happens When a Non-Recourse Carveout Guarantor Dies?
Once in a while, an individual who provided a Guaranty for non-recourse carveouts related to a CMBS conduit loan passes away. What happens? CMBS loan documents provide for this event. The Loan Agreement says the Borrower is to give Lender notice to substitute a replacement Guarantor (“Replacement … [Read more...] about 5.17.19: What Happens When a Non-Recourse Carveout Guarantor Dies?
ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
5.13.19: Key CMBS Spread Hits 8-Month Low
The spread on the super-senior AAA-rated class of CMBS fell to its lowest level in almost eight months, according to Commercial Mortgage Alert. The result reflects pent-up demand due to sagging CMBS issuance so far this year. Goldman Sachs and Citigroup yesterday placed the long-term, … [Read more...] about 5.13.19: Key CMBS Spread Hits 8-Month Low
5.10.19: How Is Amazon a Solution for Failed Malls?
The teardown of Euclid Square Mall in Euclid, Ohio, at the center of a roughly 70-acre site, began a new chapter for this failed mall. The dead mall will be replaced by an Amazon fulfillment center, scheduled to open in summer 2019. Amazon paid more than $7 million for Euclid Square Mall and the … [Read more...] about 5.10.19: How Is Amazon a Solution for Failed Malls?
5.7.19: ValueXpress Refinancing SBA 7(a) Hotel Loans with CMBS Loans
The SBA 7(a) loan guarantee program allows commercial banks to make loans on owner-occupied commercial real estate that would otherwise be considered too risky. Hotels are considered particularly risky by many commercial banks. Most limited service hotels are owner-operated and qualify for SBA … [Read more...] about 5.7.19: ValueXpress Refinancing SBA 7(a) Hotel Loans with CMBS Loans