In addition to new borrowers, ValueXpress will be assisting existing CMBS borrowers to refinance loans set to mature in 2019. Approximately 175 performing CMBS conduit loans were closed after 2010 that provided for 5- and 7-year loan terms that will be maturing in 2019. ValueXpress searched its CMBS … [Read more...] about 11.20.18: 175 Performing Post-Crisis CMBS Conduit Loans Set to Mature in 2019

It has been reported that Amazon has signed a letter of intent to occupy 1.0 million square feet in the 1.4-million-square-foot One Court Square office building in Long Island City, Queens. The lease would provide a sigh of relief for CMBS investors and perhaps a bonanza in terms of increased … [Read more...] about 11.14.18: Proposed Amazon Long Island City HQ Potential Bonanza for One Court Square Owners

One of the primary benefits of CMBS conduit loans is that they are non-recourse. As such, the borrower and guarantor (typically an individual who owns or controls the majority of the borrowing entity) are not personally liable for repayment of the loan in the event of default and foreclosure. The … [Read more...] about 11.9.18: Why Is Non-Recourse Important?

While all CMBS loans are non-recourse, there is a caveat. Nearly all non-recourse commercial real estate loans have provisions whereby if the individual(s) who own the property (known as the “sponsors”) commit what is referred to in the lending industry as “bad person acts,” then the loan can be … [Read more...] about 11.6.18: What Are Non-Recourse Carve-outs?

ValueXpress is working on a CMBS conduit loan transaction secured by a multi-tenant industrial park in suburban Denver, Colorado. As with all our loan transactions, ValueXpress surveys the local market for the real estate asset class that is being financed to build a case for tenant demand for the … [Read more...] about 10.30.18: Denver Industrial Market Is Very Strong

With the closing of the Speedee Mart and Rounder’s Neighborhood Grill CMBS conduit loan transaction, ValueXpress has closed its 500th transaction for a little over $2.2 billion in loan proceeds. “Our average loan size is around $4.4 million, so you can see that ValueXpress is the ‘go-to’ source for … [Read more...] about 10.26.18: ValueXpress Completes Its 500th Loan Closing

ValueXpress has been buying, selling and managing a CMBS securities portfolio since 2008 for Country Bank, its affiliated company. Country Bank is a $700-million-asset commercial bank headquartered in Manhattan, New York in shared office space with ValueXpress. Country Bank focuses on $1-million to … [Read more...] about 10.17.18: ValueXpress Manages a CMBS Portfolio. Why Is This Important?

On October 30, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Northeast – Syracuse Regional Trade Show in Syracuse, New York. The Trade Show at the Embassy Suites Syracuse Destiny, 311 Hiawatha Blvd W, Syracuse, New York, will be during the hours of 3:00-6:00 p.m. … [Read more...] about 10.12.18: Meet with Dennis Suh and Mike Sneden at the Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY on October 30