Competition for bridge loans among lenders is fierce, resulting in lower spreads and better structure for borrowers. The timing of the availability of bridge loans is perfect. Why? Many borrowers are working to re-stabilize property cash flows post-pandemic before locking in larger fixed-rate CMBS … [Read more...] about 5.18.21: BRIDGE LOANS READILY AVAILABLE AS COMPETITION HEATS UP
Unlike many commercial loan programs, CMBS conduit loans can provide for partial interest-only loan payments as well as full-term, interest-only loan payments for lower leverage loans. This structure provides higher cash flow after debt service to the sponsor, and it can be particularly useful in … [Read more...] about 12.2.19: REMEMBER: INTEREST-ONLY LOANS ARE AVAILABLE IN CMBS!
Unrestricted cash-out and no personal guarantees are compelling features of CMBS conduit loans. To make CMBS conduit loans even more attractive, a “fixed cost” option is now available for loans between $2 million and $10 million. Furthermore, loan structure has been eased, creating a more … [Read more...] about 2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
We recently wrote about the benefits of bridge loans for transitional properties in which the assets can be eligible for CMBS conduit loans, but are temporarily underperforming. Typical situations are properties that may be in lease-up, perhaps in conjunction with a rehabilitation program that will … [Read more...] about 9.7.17: Small Balance Bridge Loans Now Available
ValueXpress is making a market in small-balance CMBS loans as an accommodation to new and existing customers, while most CMBS conduit lenders have minimums of $3 million and even $5 million in some instances. “With a push to close more self-storage and small-balance single-tenant loans such as drug … [Read more...] about 3.31.17: Small-Balance CMBS Loans Still Available
ValueXpress can obtain CMBS conduit loans for AAHOA members who own limited and full-service hotels in small markets. “Traditionally, CMBS conduit lenders do not like small markets and will not make hotel loans there,” notes Michael D. Sneden, Executive Vice President at ValueXpress. “But through … [Read more...] about AAHOA Alert! 4.28.14: CMBS Conduit Loans Available in Small Markets
Higher leverage CMBS conduit loans are now available for small balance (greater than $5 million) transactions utilizing a first mortgage and mezzanine loan combination that is seamless to the borrower. Leverage can be up to 75% for hospitality properties and 80% for commercial/multifamily … [Read more...] about 7.26.13: Small Balance, Higher Leverage CMBS Loans Available
Hotel owners who attended the recent Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV were encouraged by the improvement noted in room sales in late 2010 and 2011 to date after poor business conditions resulted in revenue declines of at least 10%-30% during the … [Read more...] about 6.18.11: AAHOA Report: Debt Available for Hotel Owners