CMBS conduit securities offerings continued to flow in November despite growing global market volatility. 3650 REIT, Citigroup and Deutsche Bank priced a $918.6-million conduit deal -- the first from 3650’s new shelf -- at relatively tight spreads. The super-senior, long-term AAA-rated securities … [Read more...] about 11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
VALUEXPRESS OBTAINS $6.1-MILLION CMBS CONDUIT LOAN FOR A 9-BUILDING INDUSTRIAL PARK LOCATED IN NAPLES, FL
ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, Florida Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings … [Read more...] about VALUEXPRESS OBTAINS $6.1-MILLION CMBS CONDUIT LOAN FOR A 9-BUILDING INDUSTRIAL PARK LOCATED IN NAPLES, FL
VALUEXPRESS OBTAINS $3.5-MILLION CMBS CONDUIT LOAN FOR OMNI SELF-STORAGE IN FAYETTEVILLE, NC
ValueXpress obtained a $3.5-million CMBS conduit loan secured by Omni Self-Storage, a 430-unit self-storage facility located in Fayetteville, North Carolina. The new CMBS conduit loan refinanced $1.5 million of existing debt, providing $2 million in cash-out proceeds to the borrower. The proceeds … [Read more...] about VALUEXPRESS OBTAINS $3.5-MILLION CMBS CONDUIT LOAN FOR OMNI SELF-STORAGE IN FAYETTEVILLE, NC
VALUEXPRESS ARRANGES $4,800,000 CMBS CONDUIT LOAN FOR THE PURCHASE OF PARKLAND TOWN CENTER LOCATED IN PARKLAND, FL
ValueXpress has arranged a $4.8-million CMBS conduit loan for the purchase of a 34,930-square-foot office/retail center located in Parkland, Florida. The property was constructed in 2004 and is located 50 miles north of Miami and 15 miles west of Boca Raton in desirable Broward County. The … [Read more...] about VALUEXPRESS ARRANGES $4,800,000 CMBS CONDUIT LOAN FOR THE PURCHASE OF PARKLAND TOWN CENTER LOCATED IN PARKLAND, FL
VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
ValueXpress has arranged a $6-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the city. The purpose of the loan was to … [Read more...] about VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
VALUEXPRESS ARRANGES $3,875,000 CBMS CONDUIT LOAN FOR THE PURCHASE OF 28,330-SQUARE-FOOT NEIGHBORHOOD RETAIL CENTER IN NAPLES, FL
ValueXpress has arranged a $3,875,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...] about VALUEXPRESS ARRANGES $3,875,000 CBMS CONDUIT LOAN FOR THE PURCHASE OF 28,330-SQUARE-FOOT NEIGHBORHOOD RETAIL CENTER IN NAPLES, FL
6.11.21: HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN – A REFRESHER
How is the interest rate fixed on a CMBS conduit loan? In the loan Term Sheet, under Interest Rate, the provision indicates the interest rate will be set by adding the loan “spread” (expressed in basis points; i.e., “250 basis points”) to the Swap Rate with the same term as the loan. If the loan is … [Read more...] about 6.11.21: HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN – A REFRESHER
VALUEXPRESS OBTAINS $3.9-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF A SINGLE-TENANT RETAIL CONDOMINIUM LEASED TO 7-ELEVEN IN MANHATTAN, NYC
ValueXpress has arranged a $3,900,000 CMBS conduit loan for the purchase of a retail condominium leased to 7-Eleven on a triple net basis for 15 years. The store is located on the ground floor of a residential condominium located along the east side of Bowery, between East 3rd Street and East 4th … [Read more...] about VALUEXPRESS OBTAINS $3.9-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF A SINGLE-TENANT RETAIL CONDOMINIUM LEASED TO 7-ELEVEN IN MANHATTAN, NYC
VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a Holiday Inn Express limited-service hotel located in Alamogordo, New Mexico. The Holiday Inn Express is a 3-story, 80-room interior corridor property constructed in 2006. The property completed a major Property … [Read more...] about VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
ValueXpress is in the business of providing loan quotes for CMBS conduit loans. To provide loan quotes requires us to do loan sizing. CMBS conduit loans are based on the amount of property cash flow. To determine the maximum loan amount that can be offered to a borrower, CMBS loan underwriters … [Read more...] about 4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
