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1.10.19: Sears Survives . . . for Now; Shopko Declares Bankruptcy

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Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open. Lampert’s bid, boosted from an earlier $5-billion offer, prevailed after weeks … [Read more...] about 1.10.19: Sears Survives . . . for Now; Shopko Declares Bankruptcy

1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019

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For 2019, CMBS issuance will decline to $65 billion and multi-borrower conduit loans to $30 billion, according to Kroll Bond Rating Agency (KBRA) predictions. KBRA indicates that the following factors may contribute to a decline: fewer CMBS loan maturities -- less than $10 billion of conduit loans … [Read more...] about 1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019

12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag

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Scott Evans, Senior Managing Director at Government Loan Solutions (GLS), reported at the Secondary Market Summit in Washington, D.C. that for 2018 SBA 7(a) secondary market premiums are down approximately 15% from 2017. The downward trend began in July 2018, when premiums fell to 114 from 116 the … [Read more...] about 12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag

12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?

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With recent volatility in the stock market, spreads on CMBS securities have widened. This can affect the loan spread and interest rate to borrowers closing a CMBS conduit loan. But the recent rise in loan spreads has been offset by declines in the 10-year Swap. Loan interest rates for 10-year CMBS … [Read more...] about 12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?

12.7.18: Watch Out for Mold When Applying for a CMBS Conduit Loan!

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ValueXpress recently closed an $8.2-million CMBS conduit loan for the purchase of the Hilton Garden Inn located in Killeen, Texas. The property was constructed in 2007 and is in good condition. However, the Property Condition Assessment noted evidence of mold on the stucco façade of the hotel and on … [Read more...] about 12.7.18: Watch Out for Mold When Applying for a CMBS Conduit Loan!

12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans

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Most CMBS conduit loan programs start at $5 million. A few will consider $3 million. But ValueXpress can provide CMBS conduit loans as low as $1.5 million. A few examples of recently closed small balance CMBS conduit loans can be found here and here. How is ValueXpress able to provide small balance … [Read more...] about 12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans

11.29.18: ValueXpress Finds Success at Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY

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Recently ValueXpress exhibited at the Asian American Hotel Owners (AAHOA) Northeast – Syracuse Regional Trade Show in Syracuse, New York. The event provided the ability for ValueXpress to speak one-on-one with hotel owners regarding their upcoming financing needs. Dennis Suh at the ValueXpress booth … [Read more...] about 11.29.18: ValueXpress Finds Success at Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY

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