About one-third of Sports Authority stores will be shut down or sold as the company filed for bankruptcy, the company announced Wednesday morning. Sports Authority plans to close about 140 of its 463 stores over the next three months as it seeks a buyer. Distribution centers in Denver and Chicago … [Read more...] about 3.2.16: Sports Authority Files for Bankruptcy
2.25.16: MBA, Trade Groups Urge Changes to CRE Risk Retention Rule
The Mortgage Bankers Association (MBA) and other industry trade groups asked the U.S. House Financial Services Committee to approve a bill that would amend the Securities Exchange Act to modify requirements for qualified commercial real estate. The rules, as written, are expected to negatively … [Read more...] about 2.25.16: MBA, Trade Groups Urge Changes to CRE Risk Retention Rule
2.19.16: Michael D. Sneden to Speak at N.J. Regional Conference of MBAs
Michael D. Sneden, Executive Vice President at ValueXpress, will participate on a panel of commercial real estate lenders at the 33rd Annual Regional Conference of MBAs to be held March 13-17, 2016 at Harrah’s Convention Center in Atlantic City, N.J. On Tuesday, March 15th Mike will participate on … [Read more...] about 2.19.16: Michael D. Sneden to Speak at N.J. Regional Conference of MBAs
2.17.16: CMBS Prices Stabilize
The benchmark long-term super-senior AAA-rated bonds in an $875-million CMBS conduit offering led by Wells Fargo priced at 165 basis points (bp) over swaps, matching the level achieved in the previous multi-borrower CMBS issue from Bank of America and Morgan Stanley that priced on February 12. In … [Read more...] about 2.17.16: CMBS Prices Stabilize
2.10.16: A Keurig in Every Hotel Room?
In 2013, Hilton Garden Inn partnered with Green Mountain Coffee Roasters, a leader in specialty coffee and single-serve beverages with its innovative Keurig brewing technology, to upgrade its in-room coffee and beverage offering. At that time, the hotel industry was preparing for a major change in … [Read more...] about 2.10.16: A Keurig in Every Hotel Room?
2.5.16: Report from the 2016 MBA CREF Convention
What a difference a year can make. At the 2015 Commercial Real Estate Finance Convention (CREF), participants cheered as the CMBS conduit loan machine cranked at full tilt. Panelists suggested volume of $125 billion in CMBS originations could be easily achieved. Well, fast forward to the 2016 CREF … [Read more...] about 2.5.16: Report from the 2016 MBA CREF Convention
2.2.16: What Is the Opportunity in “Formula Blue?”
In April 2015, InterContinental Hotels Group formalized Formula Blue, its latest Holiday Inn Express brand design prototype. With a design that puts sleep quality, simplicity, and ease of maintenance at the center of its concept, compliance with Formula Blue is mandatory for all future … [Read more...] about 2.2.16: What Is the Opportunity in “Formula Blue?”
1.28.16: SBA 7(a) Premiums Steady Despite Market Volatility
Given the volatility in the debt markets, we thought it worthwhile to revisit loan premiums obtained on the sale of SBA 7(a) guarantees in the secondary market. After post-crash premiums peaked at 118.75 in February 2013, pricing gradually declined during the balance of 2013. Then, throughout 2014, … [Read more...] about 1.28.16: SBA 7(a) Premiums Steady Despite Market Volatility
1.22.16: CMBS Spreads Continue to Drift Wider
CMBS spreads continue to drift wider in 2016, following a pattern of wider spreads that began in the summer of 2015. Three CMBS deals in the market have released pricing guidance in the range of 155-158 basis points (bp) over swaps for the benchmark AAA-rated senior CMBS class. That level is up from … [Read more...] about 1.22.16: CMBS Spreads Continue to Drift Wider
1.18.16: ValueXpress Establishes New Nationwide Relationship for SBA 7(a) Loans
ValueXpress recently established a relationship with a nationwide SBA 7(a) lender to originate SBA 7(a) loans on owner-occupied properties throughout the United States. "We have been so active in CMBS conduit lending that our SBA 7(a) and SBA 504 platforms have fallen a bit to the wayside," … [Read more...] about 1.18.16: ValueXpress Establishes New Nationwide Relationship for SBA 7(a) Loans
