The commercial real estate market in Albuquerque, New Mexico continues to show strength, according to CBRE. Office space occupancy declined for the third consecutive year in 2018 and Class A vacant space is the lowest in market history. Demand arises from a net increase of 10,000 jobs in the … [Read more...]
7.1.19: How to Pre-Qualify a Hotel for a CMBS Conduit Loan: An Update
In November, we explained how to pre-qualify a hotel for a CMBS conduit loan. We have received many positive comments on how useful our process is. Now? We are adding an additional test to the process. The test involves a limit to the maximum loan amount for certain franchises. Step 1: Is the … [Read more...]
6.25.19: Manufactured Housing Loans with an RV Component Okay in CMBS
Manufactured Housing Community loans are extremely popular in CMBS. Manufactured Housing Communities (MHCs) are developments in which the landlord leases land “lots” to tenants who then buy or build a manufactured home on the lot. The tenant pays monthly rent to the landlord for the lot. Sometimes … [Read more...]
6.20.19: Outlet Mall Opens in Staten Island, N.Y.
Empire Outlets New York City, a 350,000-square-foot retail outlet complex in the St. George neighborhood of Staten Island opened May 15. Construction on Empire Outlets started in 2015. When the $300-million center is fully completed in August 2019, it will include 100 designer outlets. It is the … [Read more...]
6.10.19: Bridge Loan Terms Improve Significantly
Bridge loan terms have improved significantly during the past three months, attributable to the efficiency of commercial real estate Collateralized Loan Obligations (CLOs) issuance and strong investor demand for CLOs. The most competitively priced bridge loans today end up in CLOs. Pricing for … [Read more...]
6.6.19: How CamScanner Saved a Deal!
I get most of my technology upgrades from my kids. They dragged me into Uber. And now? I can’t live without it. Door Dash and Grubhub have put on a few pounds on me. But a more recent app really saved the day. My daughter isn’t big on having a lot of computer equipment taking up space in her … [Read more...]
6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
Every Monday ValueXpress publishes current CMBS conduit loan rates. You can sign up to receive our rate sheet at https://www.valuexpress.com/cmbs-conduit-loan-rate-sheet/. We also provide commentary on the latest CMBS market news along with the rate sheet exclusively for subscribers to our rate … [Read more...]
5.27.19: Are Cannabis Tenants Allowed in CMBS Loans?
In the United States, the use and possession of cannabis is illegal under federal law. At the state level, however, policies regarding medical and recreational use of cannabis vary greatly, and in many states, policies conflict significantly with federal law. The medical use of cannabis is legal … [Read more...]
5.23.19: 10-Year Treasury Yield Hits 18-Month Low
Investors abandoned risky assets after rising U.S.-China trade tensions quashed expectations of a near-term resolution, feeding concerns about economic growth and corporate earnings prospects. U.S. Treasury prices climbed amid a flight to quality, sending the yield on the benchmark 10-year note … [Read more...]
5.17.19: What Happens When a Non-Recourse Carveout Guarantor Dies?
Once in a while, an individual who provided a Guaranty for non-recourse carveouts related to a CMBS conduit loan passes away. What happens? CMBS loan documents provide for this event. The Loan Agreement says the Borrower is to give Lender notice to substitute a replacement Guarantor (“Replacement … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 78
- Next Page »