ValueXpress has been providing loan servicing support for CMBS conduit loans to clients for many years. We have increased our capacity to help more clients with servicing submissions and are accepting a limited number of new clients for 2022. ValueXpress will prepare all servicing documentation … [Read more...] about 9.30.21: VALUEXPRESS ACCEPTING NEW CLIENTS FOR 2022 CMBS SERVICING SUPPORT
9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
SBA Administrator Guzman has announced major enhancements to the COVID Economic Injury Disaster Loan Program (EIDL) targeting hard-hit sectors such as restaurants, gyms and hotels. The program cap has been increased to $2 million, uses of funds have been expanded to include payment of past and … [Read more...] about 9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
9.10.21: SBA 7(a) FEE WAIVERS END
SBA 7(a) fee waivers from the CARES Act will end on September 30, 2021. For eligible borrowers, the CARES Act covered six months of loan payments with a cap of $9,000 a month. Guarantee fees and servicing fees were waived, and the guarantee was increased from 75% to 90% on all 7(a) loans up to $5 … [Read more...] about 9.10.21: SBA 7(a) FEE WAIVERS END
8.27.21: NAVIGATION TIPS FOR USING THE VALUEXPRESS WEBSITE
ValueXpress gets a lot of basic inquiries about the types of loans we focus on. We have primarily worked on CMBS conduit loans for more than 25 years, and this loan product continues to be our focus today. The basic criteria for CMBS conduit loans can be found at www.valuexpress.com on the tab … [Read more...] about 8.27.21: NAVIGATION TIPS FOR USING THE VALUEXPRESS WEBSITE
8.17.21: CMBS LOAN METRICS CONTINUE TO IMPROVE
Key credit indicators for securitized commercial mortgages continued to strengthen in July, led by a big improvement in hotel performance. Analysts cautioned, however, that further recovery could be impeded by a rise in coronavirus cases tied to the delta variant. The 60-day delinquency rate among … [Read more...] about 8.17.21: CMBS LOAN METRICS CONTINUE TO IMPROVE
8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
The COVID-19 pandemic resulted in many changes to how owners operated their properties. Rooms were cleaned only upon check-out unless requested by guests. Breakfast service was curtailed, and amenities were shut down. These changes were expected to be restored after the pandemic subsided. But … [Read more...] about 8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
The 10-year swap rate and 10-year Treasury rate have dropped gradually since May. This is despite an economic rebound that would suggest higher interest rates as the world recovers from the COVID-19 pandemic. The Federal Reserve, however, indicates it will be “highly accommodative for many years” … [Read more...] about 7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the U.S. lodging industry has shifted dramatically over the past 12 months. Looking back to this time last year, the world was fiercely battling the Coronavirus, … [Read more...] about 7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
Five former officers and employees of the now-defunct Banc-Serv Partners LLC in Westfield, Indiana have been convicted by a federal jury in Indianapolis. The defendants were found guilty in a 13-year-long scheme to defraud the U.S. Small Business Administration (SBA) of $5 million. The U.S. … [Read more...] about 7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
The hotel lending market is rebounding solidly amid the receding COVID-19 pandemic. Destination hotels, extended-stay hotels and other service-oriented hotels that remained busy during the pandemic are expected to qualify for new loans as cash flows rise sharply amid pent-up demand from travelers. … [Read more...] about 6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM