Unlike many commercial loan programs, CMBS conduit loans can provide for partial interest-only loan payments as well as full-term, interest-only loan payments for lower leverage loans. This structure provides for higher cash flow after debt service to the sponsor, and it can be particularly useful … [Read more...] about 10.7.15: Interest-Only Periods Can Be Helpful in CMBS Conduit Loans
10.2.15: Keep Those Old Surveys Handy
All CMBS conduit loans require ALTA/ACSM Land Title Surveys, the standards of which are created by the American Land Title Association and National Society of Professional Surveyors. These standards, which provide for the minimum details that must be included on survey drawings for a property to be … [Read more...] about 10.2.15: Keep Those Old Surveys Handy
9.30.15: CMBS Issuance Slows a Bit
Commercial Mortgage Alert surveyed 14 market pros, and those pros projected that CMBS issuance in the United States would soar 32% to $124 billion in 2015. That lofty goal may not be within reach based on results through the third quarter of 2015. Some $23.1 billion of U.S. transactions priced from … [Read more...] about 9.30.15: CMBS Issuance Slows a Bit
9.24.15: DSTs Replacing TICs as “Crowd Owner” of Choice
The alphabet soup of commercial real estate lending and the capital markets includes the main product itself: CMBS, or Commercial Mortgage-Backed Securities. And more! Prior to the 2007-2008 economic crises, the preferred structure for borrowing entities in which the owner of the entity consisted of … [Read more...] about 9.24.15: DSTs Replacing TICs as “Crowd Owner” of Choice
9.18.15: Federal Reserve Leaves Rates Unchanged
The Federal Reserve left short-term interest rates unchanged after weeks of market-churning debate, putting off an historic move to end an era of ultra-cheap credit amid worries about weak growth overseas. While Central Bank officials don’t believe recent global economic and market turbulence … [Read more...] about 9.18.15: Federal Reserve Leaves Rates Unchanged
9.14.15: CMBS Prices Improve as Demand Picks Up
After a summer in which CMBS bond demand was relatively weak, resulting in widening of spreads, the first deal to price after Labor Day flew off the shelf. The deal, a $757.3-million multi-borrower offering by UBS and Bank of America, priced the benchmark class at 117 basis points (bp) over swaps, … [Read more...] about 9.14.15: CMBS Prices Improve as Demand Picks Up
9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
On Wednesday, October 28, ValueXpress will be co-sponsoring the 10th Annual San Antonio Hotel Owners Association (SAHOA) Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, Texas. About 100 golfers are expected to hit the links to play in a scramble competition, following … [Read more...] about 9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
9.4.15: Many Thanks to Our Foot Soldiers
One definition of a foot soldier is “a person who does active and difficult work for an organization or cause.” Well, ValueXpress wants to thank our “foot soldiers,” namely our CCTG graduates, who are grinding away in the field to secure deals. “I have been teaching how to originate CMBS conduit … [Read more...] about 9.4.15: Many Thanks to Our Foot Soldiers
9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
Slowly and steadily, life insurance companies are increasing their commercial real estate lending. Market participants expect the industry’s current expansion to run for at least two or three more years, signaling a further pickup in life company lending volume. “It’s a robust environment,” said … [Read more...] about 9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
8.26.15: ValueXpress to Be a Sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament
ValueXpress has committed to be a sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament, which will take place at the North Shore Country Club in Portland (Corpus Christi), Texas on Friday, November 13, 2015 and Saturday, November 14, 2015. The event is the primary fundraiser for … [Read more...] about 8.26.15: ValueXpress to Be a Sponsor of the 10th Annual Vishal Bhagat Memorial Golf Tournament
