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
7.9.20: SBA WAIVES PAYMENTS ON 7(A) AND 504 LOANS THROUGH SEPTEMBER 27
The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic by paying six months of loan payments for new and existing borrowers. Below is a summary of the assistance. As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest … [Read more...] about 7.9.20: SBA WAIVES PAYMENTS ON 7(A) AND 504 LOANS THROUGH SEPTEMBER 27
9.14.18: Loan Submissions Rise in September for ValueXpress
Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is over, and borrowers are back to … [Read more...] about 9.14.18: Loan Submissions Rise in September for ValueXpress
8.22.14: Big September Pipeline to Test CMBS Spreads
Super-senior AAA-rated CMBS spreads retreated from recent highs of 90 basis points (bp) seen when a $1.2-billion offering by Cantor Commercial Real Estate, Deutsche Bank, Ladder Capital and Nataxis priced on August 13. Super-senior AAA-rated CMBS are currently trading in the 85 bp area. That said, … [Read more...] about 8.22.14: Big September Pipeline to Test CMBS Spreads
9.8.11: SBA 504 Loans Hit Record-Low Interest Rates for September
The Small Business Administration's (SBA) 504 loan program is providing long-term, fixed-rate financing for commercial real estate and the purchase of long-term capital assets at the lowest interest rates since the program's inception. The debentures that funded this month's 20-year 504 loans were … [Read more...] about 9.8.11: SBA 504 Loans Hit Record-Low Interest Rates for September
5.20.11: CMBS Pipeline: An Anticipated $17 Billion Through September 30, 2011
Commercial Mortgage Alert reports $17.4 billion of U.S. CMBS are in the pipeline to price by the end of September. This figure includes two multi-borrower transactions totaling $2.9 billion that are now in the market and expected to price next week. The offerings, at approximately $1.4 billion each, … [Read more...] about 5.20.11: CMBS Pipeline: An Anticipated $17 Billion Through September 30, 2011