The FHA 223(f) multifamily loan program is proving to be a savior for apartment owners facing loan maturities in 2010. The program is particularly suited for apartment properties that are slightly overleveraged based on today’s standards. “The 223(f) apartment loan program delivers 20% more loan … [Read more...] about 1.8.10: FHA 223(f) Loan Program a Savior for Apartment Owners
1.5.10: SBA 7(a) Loan Guarantee Prices Holding Steady at 109-110
According to a survey of its broker-dealers, ValueXpress reports SBA 7(a) guarantee prices holding steady at 109-110 for 25-year SBA 7(a) loans secured by real estate and priced at the Wall Street Prime Rate plus 2.75%, adjusted quarterly. The sale price provides a 1% servicing fee to the seller. … [Read more...] about 1.5.10: SBA 7(a) Loan Guarantee Prices Holding Steady at 109-110
12.26.09: Will 2010 Bring a Recovery in Lending?
“This year will likely be a turning point in the lending industry as the economic recovery takes hold,” believes Gary Unkel, a loan originator for ValueXpress. “The early part of 2010 will be led by government-sponsored lending programs, such as Fannie Mae and HUD for multifamily and the SBA 7(a) … [Read more...] about 12.26.09: Will 2010 Bring a Recovery in Lending?
12.24.09: CMBS Prices Grind Tighter: 2010 Outlook
CMBS prices have slowly tightened in the latter part of December 2009 as buyers continue to purchase senior investment grade CMBS that are eligible for financing under the government’s Term Asset-Backed Securities Loan Facility (TALF), which allows CMBS investors to leverage their CMBS returns. In … [Read more...] about 12.24.09: CMBS Prices Grind Tighter: 2010 Outlook
President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs
WASHINGTON -- President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through February 28, 2010 the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs … [Read more...] about President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs
12.22.09: President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs
WASHINGTON -- President Obama signed the U.S. Department of Defense (DOD) appropriations bill on Saturday, which included $125 million to continue through February 28, 2010 the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA's two largest loan programs … [Read more...] about 12.22.09: President Obama Signs Bill to Extend Higher Guarantee Level and Reduced Fees for SBA 504 and 7(a) Loan Programs
Bridger Restarts CMBS Conduit Loan Program
Bridger Commercial Funding announced it will resume originating new commercial real estate loans on income-producing properties. Loans made under Bridger’s new program will be underwritten to eligibility standards for securitization under the Federal Reserve’s Term Asset-Backed Securities Loan … [Read more...] about Bridger Restarts CMBS Conduit Loan Program
12.14.09: Bridger Restarts
Bridger Commercial Funding announced it will resume originating new commercial real estate loans on income-producing properties. Loans made under Bridger’s new program will be underwritten to eligibility standards for securitization under the Federal Reserve’s Term Asset-Backed Securities Loan … [Read more...] about 12.14.09: Bridger Restarts
CMBS Conduit Loans: Minimum Loan Size Reduced
ValueXpress is pleased to announce that the minimum loan size for its CMBS conduit program has been reduced to $5 million in the Northeast and South to Virginia. The program provides for 5-year fixed-rate, non-recourse loans secured by anchored shopping centers, urban/suburban office buildings and … [Read more...] about CMBS Conduit Loans: Minimum Loan Size Reduced
12.7.09: CMBS Conduit Loans: Minimum Loan Size Reduced
ValueXpress is pleased to announce that the minimum loan size for its CMBS conduit program has been reduced to $5 million in the Northeast and South to Virginia. The program provides for 5-year fixed-rate, non-recourse loans secured by anchored shopping centers, urban/suburban office buildings and … [Read more...] about 12.7.09: CMBS Conduit Loans: Minimum Loan Size Reduced