More commercial real estate bridge lenders are turning to the Commercial Loan Obligation (CLO) market to package their floating rate loans into securities, in what is shaping up to be a record-setting year. Some $14.6 billion of commercial real estate (CRE) CLO deals have priced through May 13, and … [Read more...] about 5.9.21: CLO ISSUANCE SHAPING UP TO SMASH RECORD
VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a Holiday Inn Express limited-service hotel located in Alamogordo, New Mexico. The Holiday Inn Express is a 3-story, 80-room interior corridor property constructed in 2006. The property completed a major Property … [Read more...] about VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
ValueXpress is in the business of providing loan quotes for CMBS conduit loans. To provide loan quotes requires us to do loan sizing. CMBS conduit loans are based on the amount of property cash flow. To determine the maximum loan amount that can be offered to a borrower, CMBS loan underwriters … [Read more...] about 4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
4.17.21: BMO CAPITAL STAFFS UP FOR CMBS CONDUIT LENDING PUSH
Last fall, Paul Vanderslice, a Citigroup veteran and former Cantor Commercial Real Estate executive led the formation of a new CMBS securitization platform, BMO Capital Markets. BMO, the investment banking subsidiary of Bank of Montreal, has built out a "first-rate" commercial mortgage-backed … [Read more...] about 4.17.21: BMO CAPITAL STAFFS UP FOR CMBS CONDUIT LENDING PUSH
4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
As previously reported, the COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, … [Read more...] about 4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OR
ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of a 66-site manufactured housing community (MHC) located in Eugene, Oregon. All the homes are double-wide units. The transaction provided over $2 million of cash-out proceeds to the owner. The market for housing in Eugene … [Read more...] about VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OR
3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
The COVID-19 pandemic has temporarily suppressed new CMBS loan originations, resulting in fewer CMBS securities available to investors. With CMBS bond buyers flush with new annual capital allocations for CMBS and a shortage of securities, spreads continue to tighten, benefitting CMBS loan borrowers. … [Read more...] about 3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
In the debate about the long-term viability of brick-and-mortar retail, it appears that those who wrote off physical stores based on 2020’s pandemic-driven wave of bankruptcies and store closings may have spoken too soon. Citing data from Coresight Research, CNBC reported that planned store openings … [Read more...] about 3.15.21: RETAIL STORE OPENINGS ARE PROJECTED TO OUTNUMBER CLOSINGS IN 2021
3.7.21: FREDDIE MAC SEES IMPROVING MULTIFAMILY CONDITIONS IN 2021
Despite the disruptions of 2020, Freddie Mac expects the multifamily market to see improving conditions in 2021. The year will not be easy, with unemployment remaining high and rents in the largest markets expected to remain depressed during the year. The vacancy rate is also expected to increase … [Read more...] about 3.7.21: FREDDIE MAC SEES IMPROVING MULTIFAMILY CONDITIONS IN 2021
VALUEXPRESS ARRANGES $5,000,000 COMMERCIAL LOAN FOR THE REFINANCE OF A 12,300-SQUARE-FOOT RETAIL BUILDING IN BROOKLYN, NY
ValueXpress has arranged a $5,000,000 commercial real estate loan through its relationship with a New York City-based community bank. The property is a 1-story, 12,300-square-foot retail property located at 118 Knickerbocker Avenue in the East Williamsburg neighborhood of Brooklyn, New York. The … [Read more...] about VALUEXPRESS ARRANGES $5,000,000 COMMERCIAL LOAN FOR THE REFINANCE OF A 12,300-SQUARE-FOOT RETAIL BUILDING IN BROOKLYN, NY