In this election season it has become nearly impossible to pass bills that were once routine, but there may be at least one exception: related to the Small Business Administration (SBA). Last week, the Republican-led U.S. House Appropriations Committee unveiled its bill to finance the SBA and … [Read more...] about 6.19.12: SBA Appropriation May Increase by $237 Million
6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
CMBS conduit loan rates are holding relatively steady despite market turbulence surrounding the European debt crisis. Fixed income professionals are increasingly worried about whether Greece will exit the European Union and whether debt-related trouble will spread to Spain, Italy and Ireland. … [Read more...] about 6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence
6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group
Kevin Monahan, Senior Loan Originator at ValueXpress, addressed the May 2012 class of the Commercial Capital Training Group (CCTG) in Albany, NY. CCTG is a one-of-a-kind training company that provides a one-week, comprehensive commercial training and education program tailored for new and … [Read more...] about 6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group
6.5.12: Country Bank Active CMBS Buyer
Country Bank, a New York state community bank affiliated with ValueXpress, has been actively buying new issue CMBS for its investment portfolio, attracted to their high relative yield, underlying asset diversity and attractive capital risk weighting. The bank first began investing in CMBS during the … [Read more...] about 6.5.12: Country Bank Active CMBS Buyer
6.1.12: ValueXpress to Assist Marine Corps Heritage Foundation in Development of Hotel
ValueXpress is working with the Marine Corps Heritage Foundation in its efforts to develop a new hotel at the National Museum of the Marine Corps in Quantico, VA. The National Museum of the Marine Corps, a 100,000-square-foot facility located along Route 1 and Interstate 95 in Quantico/Triangle, is … [Read more...] about 6.1.12: ValueXpress to Assist Marine Corps Heritage Foundation in Development of Hotel
5.30.12: Legacy CMBS Delinquency Rates Continue to Rise
In a sign that the troublesome class of 2007 loans has not yet made the grade, the CMBS delinquency rate hit a new high in May after steadily creeping up over the last three months. New research from Trepp shows that the delinquency rate is now 10.04%, up 24 basis points (bp) from last month (9.8%) … [Read more...] about 5.30.12: Legacy CMBS Delinquency Rates Continue to Rise
5.22.12: 504 Poolers Begin to Shut Origination Window
Lenders that are originating SBA 504 loans (both in the construction/acquisition and refinance program) purely for pooling the first mortgage loan for sale in the secondary market are beginning to shut down those operations in anticipation of the expiration of the program on September 23, 2012. … [Read more...] about 5.22.12: 504 Poolers Begin to Shut Origination Window
5.18.12: CMBS Conduit Loan Rates Decline with Treasury Rally
CMBS conduit loan rates have fallen to the lowest levels since the restart of CMBS lending in 2010. Interest rates on CMBS conduit loans are set based on a spread over the libor swap rate corresponding to the loan term. Recently, libor swap rates have declined in tandem with the 10-year treasury … [Read more...] about 5.18.12: CMBS Conduit Loan Rates Decline with Treasury Rally
5.14.12: Rates on 5-Year CMBS Conduit Loans Worse Than 10-Year Deals
Rates on 5-year CMBS conduit loans are higher than loans with a 10-year term, and the difference between the two appears to be increasing. Normally in commercial lending, when the 5-year Treasury or libor swap rate is lower than the 10-year Treasury or libor swap rate, loan rates on deals with a … [Read more...] about 5.14.12: Rates on 5-Year CMBS Conduit Loans Worse Than 10-Year Deals
5.7.12: Cash Management and CMBS Conduit Loans…Not Perfect Together: Part II
A recent post of ours outlined the insistence on cash management accounts for nearly all CMBS conduit loans. In summary, cash management accounts are set up for each transaction as a bank account in the name of both the borrower and the lender, but it’s primarily under the borrower’s control. … [Read more...] about 5.7.12: Cash Management and CMBS Conduit Loans…Not Perfect Together: Part II