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...] about 5.21.20: CMBS BORROWERS TAKE NOTE: PAYMENT PROTECTION LOANS REQUIRE SERVICER APPROVAL
5.7.20: VALUEXPRESS CLIENTS BEGIN RECEIVING LOAN PAYMENT DEFERRAL APPROVALS
On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response was remarkable and we are pleased to have processed relief requests for over 30 clients. Master Servicers and … [Read more...] about 5.7.20: VALUEXPRESS CLIENTS BEGIN RECEIVING LOAN PAYMENT DEFERRAL APPROVALS
4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
ValueXpress is receiving loan payment relief approvals for its CMBS conduit loan clients from Master and Special Servicers. Special Servicers are approving relief for qualifying clients as “performing loan consents.” These consents allow the Master Servicer to apply reserves to upcoming loan … [Read more...] about 4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
4.9.20 BREAKING – VALUEXPRESS ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS REACHING CAPACITY
On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response has been remarkable as we are pleased to be processing relief request for over 30 clients. However, to ensure … [Read more...] about 4.9.20 BREAKING – VALUEXPRESS ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS REACHING CAPACITY
3.20.20: VALUEXPRESS NOW PROVIDING ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS
Effective immediately, ValueXpress is providing advisory services to obtain loan payment deferrals for existing and new clients. Borrowers seeking payment relief resulting from the effects of the COVID-19 outbreak should contact ValueXpress now for assistance with submitting a Loan Payment Deferral … [Read more...] about 3.20.20: VALUEXPRESS NOW PROVIDING ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS