The global threat from the coronavirus pandemic will eventually pass and hard-hit hoteliers will begin to see occupancies rise. Green shoots are sprouting for certain markets, primarily drive-to beach locations, budget hotels and smaller, limited service interstate highway properties. Hotels that … [Read more...] about 6.4.20: CERTAIN HOTEL MARKETS BEGIN TO SEE RECOVERY
5.27.20: POST-COVID-19 CMBS ISSUANCE CONTINUES WITH NEW DEAL FROM WELLS FARGO TEAM
ValueXpress is actively seeking new CMBS conduit loans as recent CMBS bond offerings are being well received by investors. We are seeking multifamily, manufactured housing community (MHC), self-storage, industrial, retail and office loans. Hotels remain on pause unless their performance was … [Read more...] about 5.27.20: POST-COVID-19 CMBS ISSUANCE CONTINUES WITH NEW DEAL FROM WELLS FARGO TEAM
5.21.20: CMBS BORROWERS TAKE NOTE: PAYMENT PROTECTION LOANS REQUIRE SERVICER APPROVAL
Many CMBS borrowers, particularly hotel borrowers, are obtaining Payment Protection Program (PPP) loans. Borrowers should be aware that PPP loans violate CMBS Loan Agreements, and PPP loans should be disclosed and approved by the loan servicer. CMBS borrowers are required at all times to be a … [Read more...] about 5.21.20: CMBS BORROWERS TAKE NOTE: PAYMENT PROTECTION LOANS REQUIRE SERVICER APPROVAL
5.14.20: WHAT WILL THE SHOPPING EXPERIENCE BE POST-COVID?
The global threat from the corona virus pandemic will eventually pass and retailers will begin to return to varying stages of normal; however, customer experiences and interactions will likely be vastly different. If the retailer is located in an enclosed mall, it is likely that consumers will be … [Read more...] about 5.14.20: WHAT WILL THE SHOPPING EXPERIENCE BE POST-COVID?
5.11.20: CMBS CONDUIT LOAN ORIGINATIONS RESUME
CMBS loan originators resumed issuing Term Sheets for new CMBS conduit loans after Goldman Sachs and Citigroup priced a CMBS offering that received strong investor demand. The success of the Goldman-Citi deal restored confidence that the CMBS market is recovering from the effects of COVID-19. “We … [Read more...] about 5.11.20: CMBS CONDUIT LOAN ORIGINATIONS RESUME
5.7.20: VALUEXPRESS CLIENTS BEGIN RECEIVING LOAN PAYMENT DEFERRAL APPROVALS
On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response was remarkable and we are pleased to have processed relief requests for over 30 clients. Master Servicers and … [Read more...] about 5.7.20: VALUEXPRESS CLIENTS BEGIN RECEIVING LOAN PAYMENT DEFERRAL APPROVALS
5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
ValueXpress has processed roughly 20 Paycheck Protection Program (PPP) loans for its clients. The loans are forgiven if the proceeds are used for eligible expenses for the 8-week period after closing of the loan. The recipient of a PPP loan will have the following portion of the loan forgiven: … [Read more...] about 5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
ValueXpress is receiving loan payment relief approvals for its CMBS conduit loan clients from Master and Special Servicers. Special Servicers are approving relief for qualifying clients as “performing loan consents.” These consents allow the Master Servicer to apply reserves to upcoming loan … [Read more...] about 4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
4.9.20 BREAKING – VALUEXPRESS ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS REACHING CAPACITY
On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response has been remarkable as we are pleased to be processing relief request for over 30 clients. However, to ensure … [Read more...] about 4.9.20 BREAKING – VALUEXPRESS ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS REACHING CAPACITY
3.30.20: BREAKING: VALUEXPRESS PREPARES TO ASSIST CLIENTS WITH SBA DISASTER LOANS AND SBA PAYCHECK PROTECTION LOANS
On March 20, ValueXpress launched advisory services to obtain loan payment deferrals for existing and new clients with CMBS loans. Click here for information regarding this program. We are working with master servicers and special servicers to assist over 30 ValueXpress clients currently. On … [Read more...] about 3.30.20: BREAKING: VALUEXPRESS PREPARES TO ASSIST CLIENTS WITH SBA DISASTER LOANS AND SBA PAYCHECK PROTECTION LOANS
