Last fall, Paul Vanderslice, a Citigroup veteran and former Cantor Commercial Real Estate executive led the formation of a new CMBS securitization platform, BMO Capital Markets. BMO, the investment banking subsidiary of Bank of Montreal, has built out a "first-rate" commercial mortgage-backed … [Read more...] about 4.17.21: BMO CAPITAL STAFFS UP FOR CMBS CONDUIT LENDING PUSH
2.20.21: ACORE Launches $1-Billion Hotel Rescue Capital Initiative
ACORE Capital has formed an investment strategy backed by a group of institutions targeting rescue capital for North American hotel operators to navigate the ongoing health crisis and subsequent debilitating blow to the hospitality industry. The initiative culminated on Tuesday with the company … [Read more...] about 2.20.21: ACORE Launches $1-Billion Hotel Rescue Capital Initiative
4.28.17: Raising Real Estate Capital in the Digital Age
In the past, raising outside equity for small- and mid-sized real estate operators to purchase commercial real estate was dominated by investment advisors who would pitch deals to their clients. The minimum investment amounts were fairly low, in the $25,000-$100,000 area, and investment advisors … [Read more...] about 4.28.17: Raising Real Estate Capital in the Digital Age
7.22.16: See Mike Sneden Discuss Commercial Capital Training Group
Michael D. Sneden, Executive Vice President of ValueXpress, was interviewed by Commercial Capital Training Group (CCTG). Click below to listen to what Mike has to say about CCTG: … [Read more...] about 7.22.16: See Mike Sneden Discuss Commercial Capital Training Group
6.22.15: Michael Sneden Discusses Commercial Capital Training Group at NACLB Convention
Michael D. Sneden, Executive Vice President at ValueXpress, was interviewed by Commercial Capital Training Group (CCTG) at the National Association of Commercial Loan Brokers annual convention at the Red Rock resort in Las Vegas, Nevada. Here’s what Mike has to say about CCTG and the convention: … [Read more...] about 6.22.15: Michael Sneden Discusses Commercial Capital Training Group at NACLB Convention
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
2.26.14: Takeaways from CW Capital’s $3.2-Billion Troubled Loan Auction
The results of CW Capital’s $3.2-billion bulk sale of seriously troubled CMBS conduit loans began to filter through servicer reports, according to a research piece written by Jeffries. As of the February servicer reports, 77 loans from 12 fixed-rate CMBS conduit transactions had a current balance at … [Read more...] about 2.26.14: Takeaways from CW Capital’s $3.2-Billion Troubled Loan Auction
2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?
Ladder Capital Corp announced the pricing of its initial public offering (IPO) of 13,250,000 shares of its Class A common stock at a price to the public of $17.00 per share on Wednesday, February 5. Ladder is a major contributor of loans to CMBS issues with $2.2 billion in loan contributions to CMBS … [Read more...] about 2.5.14: Ladder Capital Goes Public – Cantor Commercial Real Estate Next?
9.12.12: Small Business Capital and the Mark Feathers Saga…Cont’d
It appears that I was off base when I suggested the Securities Exchange Commission (SEC) might not understand the business model for Small Business Capital. In July, I wrote, “If you understand the structure of SBA loans, the two SBC funds conceptually make sense. The SEC alleges the returns on the … [Read more...] about 9.12.12: Small Business Capital and the Mark Feathers Saga…Cont’d
7.18.12: Small Business Capital and the Mark Feathers Saga
For lenders and intermediaries involved in SBA lending, the saga of Small Business Capital (SBC) and its CEO Mark Feathers provides more drama than the TV show "The Housewives of New Jersey." SBC is a licensed SBA lender located in Los Altos, CA. The firm holds 1 of 14 non-bank SBA 7(a) licenses … [Read more...] about 7.18.12: Small Business Capital and the Mark Feathers Saga