SBA Administrator Guzman has announced major enhancements to the COVID Economic Injury Disaster Loan Program (EIDL) targeting hard-hit sectors such as restaurants, gyms and hotels. The program cap has been increased to $2 million, uses of funds have been expanded to include payment of past and … [Read more...] about 9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
11.17.20: TREPP PREDICTS MINIMUM 10% INCREASE IN CMBS LOANS FOR 2021
According to a recent report from Trepp, private-label CMBS issuance is projected to rise at least 10% in 2021 from 2020’s depressed levels. So far, $50.6 billion of conduit and single-borrower transactions have priced in 2020. Including deals slated for December, 2020 will finish with about $55-$60 … [Read more...] about 11.17.20: TREPP PREDICTS MINIMUM 10% INCREASE IN CMBS LOANS FOR 2021
3.2.18: Lenders Look to Increase Leverage on CMBS Loans
Loan-to-value (LTV) levels for CMBS conduit loans have dropped over the past two years due to a variety of factors, including the implementation of risk-retention rules and picky buyers of subordinate CMBS securities (known as b-buyers) that prefer lower leverage CMBS transactions that are perceived … [Read more...] about 3.2.18: Lenders Look to Increase Leverage on CMBS Loans
9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
Slowly and steadily, life insurance companies are increasing their commercial real estate lending. Market participants expect the industry’s current expansion to run for at least two or three more years, signaling a further pickup in life company lending volume. “It’s a robust environment,” said … [Read more...] about 9.1.15: Life Insurance Companies Increase Commercial Real Estate Lending
7.28.15: SBA 7(a) Authorization Level Increase Passed by Congress
In an unusually fast approval for Congress, the SBA 7(a) authorization level was increased to $23.5 billion effective July 28, 2015. This ended a short-lived program shut down that began on July 23, 2015. In a program release notice, Ann Marie Mehlum, Associate Administrator for Capital Access, … [Read more...] about 7.28.15: SBA 7(a) Authorization Level Increase Passed by Congress
3.11.13: Rising Property Values, Low Rates Spur Increase in Defeasance
More borrowers are using defeasance to release properties from securitized mortgages so they can take advantage of improving market conditions to sell or refinance the assets, according to Commercial Mortgage Alert. Some $5.9 billion of U.S. loans in commercial MBS collateral pools were defeased … [Read more...] about 3.11.13: Rising Property Values, Low Rates Spur Increase in Defeasance
2.26.13: CMBS Spreads Widen; Borrower Spreads Increase
Amid a flood of issuance (see the article below) long-term super-senior CMBS spreads have widened from the levels experienced in early February. Long-term super-senior CMBS with an initial 9.5- to 10-year life had seen spreads steady at 72 basis points (bp) since the beginning of 2013. However, the … [Read more...] about 2.26.13: CMBS Spreads Widen; Borrower Spreads Increase
6.19.12: SBA Appropriation May Increase by $237 Million
In this election season it has become nearly impossible to pass bills that were once routine, but there may be at least one exception: related to the Small Business Administration (SBA). Last week, the Republican-led U.S. House Appropriations Committee unveiled its bill to finance the SBA and … [Read more...] about 6.19.12: SBA Appropriation May Increase by $237 Million
