The SBA is reopening and accepting First Draw Paycheck Protection (PPP) loan applications beginning January 11 through select community bank lenders. ValueXpress will be processing First Draw PPP loan applications immediately for clients through its participating community bank partner, Peoples … [Read more...] about 1.11.21: PPP FIRST DRAW LOAN APPLICATIONS REOPEN ON JANUARY 11
2.1.19: First CMBS Issues for 2019 See Strong Demand
ValueXpress tracks the pricing of CMBS securities because it directly correlates to the interest rate borrowers receive for a CMBS conduit loan. Our insight into the CMBS market ensures that our borrowers receive the lowest possible interest rate on their loan. ValueXpress has been tracking CMBS … [Read more...] about 2.1.19: First CMBS Issues for 2019 See Strong Demand
3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points (bp) from the February level, which was the lowest reading since September 2016. … [Read more...] about 3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June
12.7.16: … But a Busy CMBS Market Now Leaves a Hole for First-Quarter 2017
CMBS issuance for the beginning of 2017 looks very weak because CMBS issuers are clearing out loan inventory this month in anticipation of risk-retention rules effective December 24. According to a review by Commercial Mortgage Alert (CMA), only seven transactions totaling $6.4 billion are in the … [Read more...] about 12.7.16: … But a Busy CMBS Market Now Leaves a Hole for First-Quarter 2017
4.26.16: Commercial and Multifamily Originations Flatline in the First Quarter
The first quarter of 2016 was something of a dud for commercial and multifamily originations, according to new data from the Mortgage Bankers Association (MBA). The MBA “Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations” found originations for this sector fell 38% from the … [Read more...] about 4.26.16: Commercial and Multifamily Originations Flatline in the First Quarter
4.20.16: Retail Property Cap Rates Rise in the First Quarter
The average cap rate for retail properties nationwide moved up 11 basis points (bp) between the fourth quarter of 2015 and the first quarter 2016, to 6.59%, according to a recent report from commercial real estate services firm CBRE. Still, the figure represented a 13 bp year-over-year decrease. … [Read more...] about 4.20.16: Retail Property Cap Rates Rise in the First Quarter
4.11.16: Prime Finance Circles First CMBS B-Piece with an Eye on Risk Retention
Prime Finance has entered the CMBS b-piece market, circling its first two subordinate bond investments from CMBS deals led by Wells Fargo and Citigroup. The deals should be announced in the next few weeks. Prime is a private commercial real estate finance company that originates primarily bridge … [Read more...] about 4.11.16: Prime Finance Circles First CMBS B-Piece with an Eye on Risk Retention
3.28.15: CMBS Volume Strong in First Quarter of 2015
U.S. CMBS issuance soared 33% in the first quarter of 2015 compared with the same period in 2014, according to Commercial Mortgage Alert. Volume totaled $27 billion for the January-March quarter, up from $20.4 billion a year earlier. Volume would have been higher, but a number of CMBS transactions … [Read more...] about 3.28.15: CMBS Volume Strong in First Quarter of 2015
4.4.14: CMBS Origination Volume Slips in First Quarter
CMBS issuance in the first quarter fell 11% from a year earlier, according to Commercial Mortgage Alert. An estimated $20.4 billion of CMBS were issued in the first quarter of 2014, a decline from $22.9 billion a year ago. On an annualized basis, the pace of issuance is about $80 billion, less than … [Read more...] about 4.4.14: CMBS Origination Volume Slips in First Quarter
3.26.13: CMBS Issuance Soars in 2013’s First Quarter
From January through March 2013, $22.9 billion of commercial mortgage-backed securities were issued, up almost fourfold from a year earlier, according to Commercial Mortgage Alert. That puts volume on pace to surpass $90 billion for the year, well above the $65-billion average prediction by a panel … [Read more...] about 3.26.13: CMBS Issuance Soars in 2013’s First Quarter
