Banks are beginning to increase pressure on borrowers with non-performing loans to pay or find financing elsewhere. Borrowers with low-leverage loans pre-COVID that simply need time to restabilize are turning to the bridge loan market for alternatives. The situation is particularly acute in the … [Read more...] about 11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
2.15.19: Lenders Roll Out “CMBS-Like” Loan Programs
ValueXpress has been originating CMBS conduit loans for over 25 years. In that time, we have been a leader in originating loans for newly launched CMBS programs that offer a better value proposition for our clients than existing options. Whenever new programs are developed, we are typically the … [Read more...] about 2.15.19: Lenders Roll Out “CMBS-Like” Loan Programs
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
5.27.16: CMBS Lenders Test Risk-Retention Structures
Effective December 24, 2016, CMBS issuers -- or B-piece buyers in their stead -- will be required to retain 5% of transactions for at least five years. CMBS issuers can retain a “vertical strip” encompassing 5% of every tranche, a “horizontal” 5% strip at the bottom of the capital stack, or an … [Read more...] about 5.27.16: CMBS Lenders Test Risk-Retention Structures
2.25.15: CMBS Lenders Beginning to Differentiate Among Oil-Related Markets
We recently closed and continue to actively work on new CMBS conduit hospitality loans in Corpus Christi, Texas. Hotel owners are puzzled by all the concern about the potential decline in room demand as owners simply are not seeing it. January and February 2015 were both up in terms of revenue over … [Read more...] about 2.25.15: CMBS Lenders Beginning to Differentiate Among Oil-Related Markets
6.4.13: CMBS Lenders Offering Bridge Loans for Construction/Renovation/Repositioning
CMBS shops are using all their know-how in structuring fixed-rate CMBS conduit loans and applying this to bridge loans to capture attractive short-term investment yields and secure an opportunity to provide a fixed-rate CMBS conduit loan once the construction/renovation/repositioning period is … [Read more...] about 6.4.13: CMBS Lenders Offering Bridge Loans for Construction/Renovation/Repositioning
5.1.12: Opportunities & Challenges for Portfolio Lenders and CMBS
On May 1st CRE Finance Council sponsored a seminar on the prospects for commercial real estate lending in the near and longer term. Panelists were a mix of CMBS conduit pros and insurance company lenders; they included Jon Martin from Wells Fargo, representing both a portfolio bank lender and CMBS … [Read more...] about 5.1.12: Opportunities & Challenges for Portfolio Lenders and CMBS
12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders
Country Bank has been ranked 22nd by dollar value of SBA loans approved in 2011, according to "Crain’s New York Business" in its New York Area’s Top SBA Lenders list. Country Bank approved $8.575 million of SBA 7(a) loans in 2011. In 2010, Country Bank was not ranked. The rankings included SBA 504 … [Read more...] about 12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders
4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
In 2009 and 2010, the SBA provided notice that it was increasing its level of supervision over certain higher risk SBA lenders that participate in the secondary market. Specifically, the notices covered all SBA lenders that seek to sell loans into the secondary market and are subject to (1) a Cease … [Read more...] about 4.15.11: SBA Requiring Reserves for Certain Lenders Selling Loans in the Secondary Market
5.12.10: SBA 504 Lenders Now Able to Sell Participation Interests
Secondary Market Access (SMA) -- a consortium of CDCs and financial companies -- has begun operations to purchase SBA-504 first mortgages for sale into the secondary market. SBA-504 first mortgage lenders are now able to sell 85% participation interests of individual loans to pool originators … [Read more...] about 5.12.10: SBA 504 Lenders Now Able to Sell Participation Interests
