ValueXpress is actively seeking new CMBS conduit loans. We are pursuing multifamily, manufactured housing community (MHC), self-storage, industrial, retail and office loans. Hotels remain on pause unless performance was unaffected by COVID-19. Interest rates are in the 4.00%-4.50% range. We are … [Read more...]
5.21.20: CMBS BORROWERS TAKE NOTE: PAYMENT PROTECTION LOANS REQUIRE SERVICER APPROVAL
Many CMBS borrowers, particularly hotel borrowers, are obtaining Payment Protection Program (PPP) loans. Borrowers should be aware that PPP loans violate CMBS Loan Agreements, and PPP loans should be disclosed and approved by the loan servicer. CMBS borrowers are required at all times to be a … [Read more...]
3.30.20: BREAKING: VALUEXPRESS PREPARES TO ASSIST CLIENTS WITH SBA DISASTER LOANS AND SBA PAYCHECK PROTECTION LOANS
On March 20, ValueXpress launched advisory services to obtain loan payment deferrals for existing and new clients with CMBS loans. Click here for information regarding this program. We are working with master servicers and special servicers to assist over 30 ValueXpress clients currently. On … [Read more...]
2.25.20: A PRIMER ON FLOOD INSURANCE FOR CMBS LOANS
The Federal Emergency Management Agency (FEMA) has developed Flood Insurance Rate Maps (FIRM) for all land in the United States. FIRM are used by surveyors to determine the Flood Zone for all property secured by a CMBS loan, and the Flood Zone is required to be noted on all surveys for a CMBS … [Read more...]
2.3.20: INTEREST RATES TUMBLE TO UNDER 4% FOR CMBS CONDUIT LOANS ON CORONAVIRUS OUTBREAK
Interest rates for CMBS conduit loans have fallen to historic lows as the death toll from China’s coronavirus outbreak continues to rise, rattling investors worried about the financial impact on the world’s second-largest economy. In the United States, equity prices have gyrated, while Treasury … [Read more...]
12.30.19: CMBS LOANS WORK FOR VALUE-ADD PROJECTS
Many commercial real estate owners have become very wealthy from purchasing underperforming income-producing real estate assets and completing a “value-add” program to increase the value of the property. Once the value-add is completed, the owner sells or refinances the property for much more than … [Read more...]
12.2.19: REMEMBER: INTEREST-ONLY LOANS ARE AVAILABLE IN CMBS!
Unlike many commercial loan programs, CMBS conduit loans can provide for partial interest-only loan payments as well as full-term, interest-only loan payments for lower leverage loans. This structure provides higher cash flow after debt service to the sponsor, and it can be particularly useful in … [Read more...]
10.15.19: 25-YEAR SBA 504 LOANS ARE A BIG HIT
In April 2018, the U.S. Small Business Administration (SBA) made available 504 loans with a 25-year maturity. The self-amortizing loan complimented the 10- and 20-year 504 loans that were available at the time. By expanding the 504 options to include a 25-year loan, SBA expected that the longer term … [Read more...]
9.4.19: CMBS Conduit Loans Filling Fannie/Freddie Gap for Multifamily
After acquiring multi-family loans at a record-breaking pace over the first seven months of the year, Fannie Mae and Freddie Mac have sharply pulled back in recent weeks, opening lending opportunities for others, including CMBS lenders, according to Commercial Mortgage Alert (CMA).CMA notes that … [Read more...]
6.25.19: Manufactured Housing Loans with an RV Component Okay in CMBS
Manufactured Housing Community loans are extremely popular in CMBS. Manufactured Housing Communities (MHCs) are developments in which the landlord leases land “lots” to tenants who then buy or build a manufactured home on the lot. The tenant pays monthly rent to the landlord for the lot. Sometimes … [Read more...]
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