The debate on the potential impact of rising interest rates on REIT stocks continues. Since a Real Estate Investment Trust (REIT) must pay out at least 90% of its taxable income as a dividend to investors, REIT stocks are relatively high-yielding investments. Investors are debating the sensitivity … [Read more...] about 5.22.15: Are REIT Stocks Impacted by Increased Interest Rates?
5.15.15: ValueXpress Sponsors 12th Annual Bhakta Open
ValueXpress was a sponsor of the 12th Annual Bhakta Open Golf Tournament that took place on Saturday, May 8, 2015 and Sunday, May 9, 2015. This year's Bhakta Open was held in Palm Springs, California at the breathtaking La Quinta Resort & Club – PGA West TPC Stadium Course and PGA WEST Nicklaus … [Read more...] about 5.15.15: ValueXpress Sponsors 12th Annual Bhakta Open
5.11.15: Mid-Year CMBS Issuance on Track
With an expected increase in CMBS issuance for the next six weeks, CMBS volume appears to be on track to hit $56 billion for the first six months of 2015, up 38% from $40.6 billion recorded in the first half of 2014. That would keep full-year volume on pace to reach the $125 billion forecast by … [Read more...] about 5.11.15: Mid-Year CMBS Issuance on Track
5.6.15: Cap Rates Continue to Compress
Going-in capitalization rates compressed nationally across all product types and classes in 2014, according to Integra Realty Resource. This national trend was strongest with respect to Class A Industrial product as well as Class A CBD Office assets. As these assets classes’ capitalization rates … [Read more...] about 5.6.15: Cap Rates Continue to Compress
5.1.15: Maturing CMBS Loan Leads Effective Tool for CCTG Grads
For more than two years now, Michael D, Sneden, Executive Vice President at ValueXpress, has been training Commercial Capital Training Group (CCTG) students how to successfully originate CMBS conduit loans. One of the most successful tools the new grads are using to close loans is leads provided by … [Read more...] about 5.1.15: Maturing CMBS Loan Leads Effective Tool for CCTG Grads
4.28.15: Who Holds the Most Commercial Loans?
The winner is commercial banks, which held $1.67 billion in commercial real estate debt at year-end 2014, according to data from the Federal Reserve Board. The amount of commercial real estate debt held by banks represents 49.5% of the $3.38 billion of total outstanding loans. CMBS is a distant … [Read more...] about 4.28.15: Who Holds the Most Commercial Loans?
4.21.15: GE Selling Most of GE Capital to Blackstone and Wells Fargo
General Electric (GE) is selling most of the real estate and other remaining assets of its GE Capital unit, the financial arm that was once the largest part of the company. The company expects to get $26.5 billion from various buyers, including Blackstone Group (BX) and Wells Fargo (WFC). But as an … [Read more...] about 4.21.15: GE Selling Most of GE Capital to Blackstone and Wells Fargo
4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
The Federal Housing Finance Agency (FHFA) has set a cap of $30 billion each in multifamily loan purchases for Fannie Mae and Freddie Mac for 2015. With both agencies off to a great start through the first quarter of 2015, the government-sponsored agencies could reach their respective caps well … [Read more...] about 4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
4.13.15: Is Credit Quality Eroding for CMBS Conduit Loans
Last March we reported on deteriorating credit quality based on data provided by the rating agency Kroll. At that time, Kroll reported gradual deterioration over the prior year in underwriting standards for the 20 largest loans in Kroll-rated transactions, particularly at the lower end of the range. … [Read more...] about 4.13.15: Is Credit Quality Eroding for CMBS Conduit Loans
4.6.15: SBA Guarantee Premiums Remain at Attractive Levels
It has been a while since we reported on the sale of SBA 7(a) loan guarantees, primarily because pricing has not moved much over the past year. After post-crash premiums peaked at 118.75 in February 2013, pricing gradually declined during the balance of 2013. Then, throughout 2014, secondary market … [Read more...] about 4.6.15: SBA Guarantee Premiums Remain at Attractive Levels
