ValueXpress was recently engaged by the owner of two retail properties, a retail power center in Dover, Delaware and a neighborhood shopping center in Wilmington, Delaware to obtain a CMBS conduit loan to refinance the two existing CMBS conduit loans that are … [Read more...] about 8.21.15: Big Box Redevelopment Can Be Successful
8.18.15: CMBS Prices Continue to Weaken, But Rebound Expected
CMBS spreads reached a two-year high amid high levels of issuance and volatility in world capital markets. The long-term, super senior bonds from the most recent offering, led by Wells Fargo and Societe Generale, priced at a spread of 120 basis points (bp) over swaps. This level was the same as the … [Read more...] about 8.18.15: CMBS Prices Continue to Weaken, But Rebound Expected
8.12.15: Best to Jump on Long Lead Items for a CMBS Loan
An important skill set that ValueXpress brings to CMBS conduit lending is experience. The firm has now arranged over 400 CMBS conduit loans with a principal balance in excess of $1.5 billion. Processing CMBS conduit loans efficiently to create a good experience for both the borrower and lender is a … [Read more...] about 8.12.15: Best to Jump on Long Lead Items for a CMBS Loan
8.7.15: ValueXpress Help Extends Past Closing
Many mortgage brokers pretty much disappear after loan closing, moving on to the next closing. However, post-closing, CMBS conduit loans generally require more servicing documentation than other types of commercial loans on a quarterly basis. This data, mainly financial reporting, can overwhelm … [Read more...] about 8.7.15: ValueXpress Help Extends Past Closing
8.4.15: Risk Retention Rules for CMBS Not Far Away
On October 22, 2014, the federal regulatory agencies responsible for implementing regulations under Dodd-Frank risk-retention rules for CMBS transactions finalized the rules. In a nutshell, the rules will effectively apply to the riskiest 5% of each CMBS issue. With CMBS issues averaging roughly $1 … [Read more...] about 8.4.15: Risk Retention Rules for CMBS Not Far Away
7.28.15: SBA 7(a) Authorization Level Increase Passed by Congress
In an unusually fast approval for Congress, the SBA 7(a) authorization level was increased to $23.5 billion effective July 28, 2015. This ended a short-lived program shut down that began on July 23, 2015. In a program release notice, Ann Marie Mehlum, Associate Administrator for Capital Access, … [Read more...] about 7.28.15: SBA 7(a) Authorization Level Increase Passed by Congress
7.24.15: SBA 7(a) Program Shuts Down
The SBA 7(a) loan program has reached its authorized ceiling of $18.75 billion for the fiscal year ending September 30, 2015 and therefore has shut down until the new fiscal year begins on October 1, 2015 or until Congress increases the authorization level. Even though the 7(a) program operates … [Read more...] about 7.24.15: SBA 7(a) Program Shuts Down
7.20.15: PKF Hospitality Research Issues U.S. Lodging Forecast
The outlook for the U.S. lodging industry continues to be extremely strong, according to the recently released June 2015 edition of PKF Hospitality Research’s (PKF-HR, a CBRE company) Hotel Horizons®. The report forecasts that U.S. hotels will continue to enjoy revenue per available room (RevPAR) … [Read more...] about 7.20.15: PKF Hospitality Research Issues U.S. Lodging Forecast
7.15.15: Apartment Construction Is Booming
When Jess Eymann moved to Denver fresh out of college she considered buying a condo, but ultimately decided to rent an apartment instead. "There's just not a lot out there to buy. Properties that I looked at weren't really what I was looking for," she said. Eymann's decision to rent instead of buy … [Read more...] about 7.15.15: Apartment Construction Is Booming
7.10.15: ValueXpress-Sponsored Team Wins Cricket Tournament
PanAm “A” defeated Corpus Christi “A” in the 2015 Bhakta Invitational Cricket Tournament held in Dallas, Texas on July 2-6. ValueXpress sponsored PanAm “A” as well as was a tournament sponsor. Over 600 participants and guests attended the event. Matches were played at two locations: McKinney and … [Read more...] about 7.10.15: ValueXpress-Sponsored Team Wins Cricket Tournament
