On March 28-29, 2018, ValueXpress exhibited at the annual Asian American Hotel Owners (AAHOA) Trade Show held in National Harbor, MD. The trade show was attended by more than 5,000 Asian American hoteliers ready to lock in long-term, fixed-rate hotel loans before interest rates head further … [Read more...] about 3.30.18: AAHOA Trade Show in National Harbor, MD a Huge Success
3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
3.20.18: Rents for Apartment in NYC Poised to Decline
Beleaguered renters in New York City may begin to see some relief to rising rents as the year progresses. Market analysts are watching rents plateau and developers increasing incentives to lure tenants into all the new properties that are completed and now leasing. Market participants are … [Read more...] about 3.20.18: Rents for Apartment in NYC Poised to Decline
3.16.18: Competition Is Fierce for CMBS Conduit Loans
CMBS conduit lenders are aggressively cutting loan spreads and loosening loan structure to win business amid a shortage of good-quality CMBS conduit loans. For the better part of a year, most CMBS conduit lenders are bidding low-leverage large loans at breakeven spreads in order be able to … [Read more...] about 3.16.18: Competition Is Fierce for CMBS Conduit Loans
3.15.18: Toys “R” Us to Close Stores and Liquidate
Toys “R” Us filed a motion today in bankruptcy court to liquidate inventory and close all its stores. The retailer had filed for Chapter 11 bankruptcy in September 2017, resulting from vendors demanding cash payments in advance of merchandise shipments. At the time of the filing, the company … [Read more...] about 3.15.18: Toys “R” Us to Close Stores and Liquidate
3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from published rates … [Read more...] about 3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
3.2.18: Lenders Look to Increase Leverage on CMBS Loans
Loan-to-value (LTV) levels for CMBS conduit loans have dropped over the past two years due to a variety of factors, including the implementation of risk-retention rules and picky buyers of subordinate CMBS securities (known as b-buyers) that prefer lower leverage CMBS transactions that are perceived … [Read more...] about 3.2.18: Lenders Look to Increase Leverage on CMBS Loans
2.27.18: SBA 504 Program Works Well for Hotel Purchases
We at ValueXpress have a niche business in the SBA 504 program. We assist our clients in the purchase of generally mid-scale hotels such as Hampton Inn and Holiday Inn Express brands using the SBA 504 program. Why use the SBA 504 program over CMBS, our bread and butter, for a mid-scale hotel … [Read more...] about 2.27.18: SBA 504 Program Works Well for Hotel Purchases
2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
Even food stores thought to be immune from the threat of Amazon are at risk. N.Y. supermarket chain Tops Markets filed for bankruptcy citing an unsustainable debt load, falling food prices and stiff competition from Amazon.com and other low-cost rivals forcing the supermarket chain to reorganize. … [Read more...] about 2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
2.16.18: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in National Harbor, MD – Booth #727
On March 28-29, 2018, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in National Harbor, Maryland. ValueXpress will be located in Booth 727 at the Gaylord National Resort & Convention Center 11:00 a.m.-5:00 p.m. on Wednesday, March 28 and 11:00 … [Read more...] about 2.16.18: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in National Harbor, MD – Booth #727
