ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Las Vegas, Nevada June 16-17, 2011. ValueXpress will be located in booth 452 at the Sands Expo and Convention Center noon-6:00 p.m. on both Thursday, June 16 and Friday, June 17. “ValueXpress is an Allied … [Read more...] about 4.22.11: ValueXpress to Exhibit at AAHOA Trade Show in Las Vegas, NV
4.19.11: Underwriting on CMBS Loans Loosens as Cautious Optimism Hits
Underwriting on CMBS loans is loosening as originators compete for more business in a sector that's starting to heat up again. "The first transactions to emerge from CMBS 2.0 were very conservative in most facets, benefiting an industry emerging from a very stressful period," said Huxley Somerville, … [Read more...] about 4.19.11: Underwriting on CMBS Loans Loosens as Cautious Optimism Hits
4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
In 2009 and 2010, the SBA provided notice that it was increasing its level of supervision over certain higher risk SBA lenders that participate in the secondary market. Specifically, the notices covered all SBA lenders that seek to sell loans into the secondary market and are subject to (1) a Cease … [Read more...] about 4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
4.7.11: ValueXpress Lowers CMBS Conduit Loan Minimum to $1 Million
ValueXpress has lowered the minimum loan amount for CMBS conduit loans to $1 million, effective immediately. On CMBS conduit loans between $1 million and $5 million, 5- and 10-year loan terms are available based on 25-year amortization (30 years for multi-family and manufactured housing … [Read more...] about 4.7.11: ValueXpress Lowers CMBS Conduit Loan Minimum to $1 Million
4.1.11: CMBS Prices Recover from Disaster in Japan
CMBS prices have slowly risen since the earthquake and tsunami in Japan on March 11 and subsequent concerns about unrest in the Middle East. Prices have recovered close to levels seen before the disaster. Spreads on senior investment-grade CMBS have generally tightened 5-10 basis points weekly. … [Read more...] about 4.1.11: CMBS Prices Recover from Disaster in Japan
3.29.11: SBA Opens 504 Refinancing to More Firms
The Small Business Administration (SBA) will allow more businesses to refinance their commercial real estate mortgages through its 504 loan program. The SBA initially restricted this new refinancing option to small businesses that faced balloon payments on their mortgages before December 31, 2012. … [Read more...] about 3.29.11: SBA Opens 504 Refinancing to More Firms
3.24.11: Competition Heats Up for CMBS Conduit Loans
The successful CMBS offering by Goldman Sachs and Citigroup (see our 3.23.11 News Article) that priced on March 23rd marks the fifth multi-borrower deal completed in 2011. Combined issuance in the five deals totaled nearly $8 billion. With over 20 CMBS conduit shops having jumped into the resurgent … [Read more...] about 3.24.11: Competition Heats Up for CMBS Conduit Loans
3.23.11: Goldman Sachs/Citigroup Price CMBS Deal at Wider Spreads
Goldman Sachs and Citigroup priced a $1.4-billion CMBS transaction March 23; with the crisis in Japan and turmoil in Libya a significant widening in CMBS spreads occurred. With capital markets recovering some lost ground during the week, the transaction was able to clear the high end of price … [Read more...] about 3.23.11: Goldman Sachs/Citigroup Price CMBS Deal at Wider Spreads
3.17.11: ValueXpress Helps New Borrower Complete 7(a) Process
In February 2011, a borrower contacted ValueXpress explaining he wanted to purchase an existing retail business that operated as a home center in a 60,000-square-foot facility in Mississippi. The borrower, previously a general manager of a truck stop that comprised fuel and a convenience store, now … [Read more...] about 3.17.11: ValueXpress Helps New Borrower Complete 7(a) Process
3.9.11: Michael D. Sneden Returns to Westchester Business Council: “Learn How to Prepare a Business Loan Application”
The Business Council of Westchester County, N.Y. has announced that Michael D. Sneden, Executive Vice President at ValueXpress, will return as the keynote speaker at its Circles of Influence social networking event beginning at 4:30 p.m., March 31, at the Hilton Rye Town in Rye Brook, N.Y. Sneden’s … [Read more...] about 3.9.11: Michael D. Sneden Returns to Westchester Business Council: “Learn How to Prepare a Business Loan Application”