Sometimes it is close to impossible to structure for all of the risks of a commercial loan. In one CMBS conduit loan, The Crossings Shopping Center located in Elkins, West Virginia, the loan defaulted due to an unanticipated event. On Thursday, June 23, 2016, several rounds of thunderstorms … [Read more...] about 8.21.18: Who Would Have Thought of That?
8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6
On September 6, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Mid-Atlantic Regional Trade Show in Cherry Hill, New Jersey. ValueXpress will be exhibiting at the Crown Plaza Cherry Hill, 2349 Marlton Pike W, Cherry Hill, New Jersey during the hours of 3:00 p.m.-6:00 … [Read more...] about 8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6
8.13.18: Unintended Consequences When Tenants “Go Dark”
Many CMBS conduit loans have a clause whereby in the event a “Significant Tenant,” often defined as a tenant that occupies more than 25% of the space at the property, vacates the property or ceases to operate, all the cash flow after expenses and debt service is held in an escrow account and the … [Read more...] about 8.13.18: Unintended Consequences When Tenants “Go Dark”
8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
Many of us have been entertained by the antics of Dave Hestor and the rest of the gang on A&E Networks reality television series “Storage Wars.” When rent is not paid for three months on a storage locker in California, the contents can be sold by an auctioneer as a single lot of items in the … [Read more...] about 8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
8.3.18: A Neat Success Story for a ValueXpress Client
Bob Napp is a champion of small business. In 1992, Bob ran 14 quick oil change stores in central Tennessee. In 2004, he wrote a book, “Starting Your Own Business.” He consulted with small business owners to help them grow. Bob is a classic visionary. But what really got Bob excited was his … [Read more...] about 8.3.18: A Neat Success Story for a ValueXpress Client
7.31.18: ValueXpress Client Successfully Fills Small Business Operational Need. . . Cont’d
So Bob studied his city -- Nashville -- and found no one catered to the small business storage segment of the market…no one. So he studied and developed prototypes in his head. The smallest units would be 10’x20’ (200 square feet; sf) with a mix of units up to around 1,000 sf. He thought of all the … [Read more...] about 7.31.18: ValueXpress Client Successfully Fills Small Business Operational Need. . . Cont’d
7.24.18: Industrial in Secondary Markets Is Strong
Secondary industrial markets are displaying demographic expansion, profitable lease rates and availability of developable land that has resulted in greater growth than primary markets, according to a recent report from Colliers International. Cincinnati, Indianapolis, St. Louis and the Lehigh Valley … [Read more...] about 7.24.18: Industrial in Secondary Markets Is Strong
Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
Special servicers of CMBS conduit loans are increasingly considering discounted pay-offs as a solution to problem CMBS conduit loans. “CMBS loan disposition and modification decisions for CMBS conduit loans have historically been in the hands of special servicers,” explained Michael Sneden, … [Read more...] about Discounted CMBS Pay-Offs Increasingly Part of Servicer Recovery Strategy
SBA 7(a) Program Helping Hoteliers Refinance Limited-Service Hotel Loans
The SBA 7(a) program is helping limited-service hotel owners refinance their maturing CMBS conduit loans. “I have seen an unbelievable surge in hotel loan requests from new and existing CMBS conduit loan clients,” comments a surprised Jay Bhakta, a ValueXpress loan originator. “Their CMBS loans are … [Read more...] about SBA 7(a) Program Helping Hoteliers Refinance Limited-Service Hotel Loans
7.20.18: What Will Replace the LIBOR Index?
In April 2018, the Federal Reserve released a new U.S. benchmark rate called the Secured Overnight Financing Rate, or SOFR. The SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. Over the past 30 days, the SOFR has generally ranged between 1.90% … [Read more...] about 7.20.18: What Will Replace the LIBOR Index?
