“ValueXpress is providing a significant amount of CMBS loan quotes to borrowers,” according to Gary Unkel, a loan originator for ValueXpress. “LTVs are now routinely 70%, up from 65% just 30 days ago.” ValueXpress is providing quotes on food- and drug-anchored shopping centers, big box shopping … [Read more...] about 7.26.10: CMBS Conduit Loan Quotes Are Flowing
3.29.10: JP Morgan Closes CMBS Conduit Loan, While RBS Prepares Multi-Borrower CMBS Issue
Ramco-Gershenson Properties Trust announced that it has closed on a new $31.3-million CMBS loan with J.P. Morgan; the loan is secured by its West Oaks II shopping center in Novi, MI and its Spring Meadows Place shopping center in Holland, OH. The $31.3-million financing represents a loan-to-value of … [Read more...] about 3.29.10: JP Morgan Closes CMBS Conduit Loan, While RBS Prepares Multi-Borrower CMBS Issue
2.10.10: Commercial Mortgage Alert Reports Slow Progress in Closing CMBS Conduit Loans
Commercial Mortgage Alert reported this week that although nine CMBS conduit lenders are actively seeking CMBS conduit loans for the first multi-borrower CMBS transaction since the CMBS market stalled in 2008, progress on accumulating loans for securitization has been slow. Informal discussions with … [Read more...] about 2.10.10: Commercial Mortgage Alert Reports Slow Progress in Closing CMBS Conduit Loans
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