On January 28, the SBA announced modifications to 7(a) Loan Program Guaranty percentages to increase the guaranty to 90%. Effective December 27, 2020, and through September 30, 2021, SBA participation (i.e., the guaranty percentage provided by the SBA) is increased to 90%. (See 2. below on Guaranty … [Read more...] about 1.25.21: THE SBA INCREASES LENDER GUARANY TO 90% FROM 75% THROUGH SEPTEMBER 30, 2021
7.10.19: CMBS Delinquency Rate Increases Modestly in June
The Trepp CMBS delinquency rate in June increased 18 basis points (bp) to 2.84%. The spike represents only the fourth monthly increase over the last two years. However, the increase is skewed by a hotel portfolio loan, the Innskeeper Portfolio, totaling $754 million that will show up as current next … [Read more...] about 7.10.19: CMBS Delinquency Rate Increases Modestly in June
2.16.15: CMBS Borrower Loan Rates Off Record Lows with Swap Increases
Everyone involved in the origination and underwriting of CMBS conduit loans or the creation and selling of CMBS securities backed by the loans is keenly aware of the swap market. The swap rate is integral to the interest rate charged CMBS conduit loan borrowers and a key factor in the profitability … [Read more...] about 2.16.15: CMBS Borrower Loan Rates Off Record Lows with Swap Increases
3.4.10: FTN Financial’s Jim Vogel Predicts Moderate Rate Increases
At a client event in Short Hills, NJ, Jim Vogel, Executive Vice President of Capital Markets for FTN Financial, laid out an expected timeline for anticipated interest rate increases over the next few years. Vogel believes interest rate increases may be more moderate and more spread out than the … [Read more...] about 3.4.10: FTN Financial’s Jim Vogel Predicts Moderate Rate Increases