Wall Street apparently thinks the end is near for Sears. The stock price for Sears Holdings, owner of retail store brands Sears and Kmart, fell significantly on news that the CEO and largest shareholder Eddie Lampert will not lend the company any more money. Sears faces a key $134-million debt … [Read more...] about 10.10.18: Sears Is on the Ropes…
10.3.18: Land Leases Are Okay in CMBS
Land leases are financeable in CMBS as long as the land lease meets certain criteria. First, CMBS lenders prefer that the land lease payment be fixed or have modest escalation of the lease term. In addition, lenders prefer that the term of the ground lease be significantly longer than the term of … [Read more...] about 10.3.18: Land Leases Are Okay in CMBS
9.28.18: ValueXpress to Exhibit at the 4th Annual National Alliance of Commercial Loan Brokers Conference & Expo
ValueXpress will be exhibiting at the 4th Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo at the Trump National Doral in Miami, Florida. The conference begins on Tuesday, October 16 with an opening cocktail reception and concludes on Thursday afternoon, October 18. … [Read more...] about 9.28.18: ValueXpress to Exhibit at the 4th Annual National Alliance of Commercial Loan Brokers Conference & Expo
9.22.18: Hoteliers, Watch Your Alignment
ValueXpress has now completed over 200 CMBS conduit loans for hotels. We have financed every hotel brand in the United States! The most popular brands for refinance for us are Holiday Inn Express and Hampton Inn. Many of our hotel clients use the “cash-out” feature of CMBS conduit loans to finance … [Read more...] about 9.22.18: Hoteliers, Watch Your Alignment
9.19.18: Observation Decks Can Be Big Moneymakers!
Observation decks atop Manhattan’s World Trade Center, Rockefeller Center and the Empire State Building offer sweeping panoramas that “stretch for miles,” according to a recent article in the Wall Street Journal. The three viewing platforms attract more than 9 million visitors combined each year. … [Read more...] about 9.19.18: Observation Decks Can Be Big Moneymakers!
9.14.18: Loan Submissions Rise in September for ValueXpress
Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is over, and borrowers are back to … [Read more...] about 9.14.18: Loan Submissions Rise in September for ValueXpress
9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients
The greatest value ValueXpress brings to a deal is our 30 years of experience in negotiating the best loan terms for our clients. Having completed over 400 loan transactions, we at ValueXpress are aware of all the negotiable loan provisions, and we will ensure that the loan provisions are the most … [Read more...] about 9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients
9.7.18: CMBS Issuance Resumes After Summer Slowdown
At least three CMBS multi-borrower conduit issues totaling $3.2 billion are expected to be brought to market in the next week or so. These offerings are the first since August 10th and follow a relatively slow summer period for CMBS issuance. The largest of the new deals is a $1.4-billion offering … [Read more...] about 9.7.18: CMBS Issuance Resumes After Summer Slowdown
8.31.18: CBRE Reports on Cap Rates at Mid-Year
CBRE recently published its survey of capitalization rates (cap rates) for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of June 30, 2018. CBRE notes that cap rates were little changed in the first half of the year, with slight increases or decreases … [Read more...] about 8.31.18: CBRE Reports on Cap Rates at Mid-Year
8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
Kroll Bond Rating Agency, Inc. (Kroll) recently released a special report on an auction of real estate properties that were occupied by Toys “R” Us. The auction was conducted over a two-day period on August 13 and 14, 2018. Of the total 246 properties, 123 partially secure a $512-million loan that … [Read more...] about 8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
