Competition for bridge loans among lenders is fierce, resulting in lower spreads and better structure for borrowers. The timing of the availability of bridge loans is perfect. Why? Many borrowers are working to re-stabilize property cash flows post-pandemic before locking in larger fixed-rate CMBS … [Read more...] about 5.18.21: BRIDGE LOANS READILY AVAILABLE AS COMPETITION HEATS UP
4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
ValueXpress is in the business of providing loan quotes for CMBS conduit loans. To provide loan quotes requires us to do loan sizing. CMBS conduit loans are based on the amount of property cash flow. To determine the maximum loan amount that can be offered to a borrower, CMBS loan underwriters … [Read more...] about 4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
The COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, year-over-year declines … [Read more...] about 3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
1.31.21: SBA TO PROVIDE DEBT RELIEF TO BORROWERS WITH SBA LOANS
The SBA has directed lenders to advise SBA loan borrowers that they are eligible for debt-relief assistance under the CARES Act. Borrowers in the 7(a), 504 loan or Microloan program are eligible under the following guidelines: For a 7(a) loan, 504 loan or Microloan approved on or before … [Read more...] about 1.31.21: SBA TO PROVIDE DEBT RELIEF TO BORROWERS WITH SBA LOANS
1.3.21: SBA WAIVES BORROWER GUARANTEE FEE FOR SBA 7(A) LOANS
The Economic Aid Act provides emergency enhancements to the SBA’s 7(a) loan program by offering reduced or no fees for the borrower. This includes waiving the largest borrower fee -- the SBA Guaranty fee. Prior to the Economic Aid legislation, SBA 7(a) borrowers paid an SBA Guaranty fee in the … [Read more...] about 1.3.21: SBA WAIVES BORROWER GUARANTEE FEE FOR SBA 7(A) LOANS
12.28.20: SECOND ROUND OF PPP LOANS SIGNED INTO LAW
President Trump signed into law a second round of Covid-19 relief on Sunday, December 27. While the details are being reviewed, the bill contains the following provisions regarding a second round of Payment Protection Program (PPP) loans. The new round is known as PPP 2.0 and has the following … [Read more...] about 12.28.20: SECOND ROUND OF PPP LOANS SIGNED INTO LAW
12.1.20: STEP-DOWN PREPAYMENT LOANS ARE BACK!
ValueXpress has been originating CMBS conduit loans for over 25 years. We are a leader in originating loans for newly launched CMBS programs that offer a better value proposition for our clients than existing options. When new programs are developed, we are the first to know as ValueXpress is sought … [Read more...] about 12.1.20: STEP-DOWN PREPAYMENT LOANS ARE BACK!
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
11.1.20: BRIDGE LENDERS GEAR UP FOR RESCUE LOANS
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
8.1.20: INVESTOR DEMAND STRONG FOR NEW CMBS LOANS
Two multi-borrower CMBS issues priced in July at the tightest spreads since the start of the COVID-19 pandemic. The offerings were a $1.1-billion offering led by Deutsche Bank, Citigroup, J.P. Morgan and Goldman Sachs (BMARK 2020-B18) and a $690.6-million offering led by Morgan Stanley and Barclays … [Read more...] about 8.1.20: INVESTOR DEMAND STRONG FOR NEW CMBS LOANS
