The CMBS delinquency rate for U.S. commercial real estate loans in CMBS declined a fraction in July, to 6.04%, barely extending a 14-month month-over-month decline, according to Trepp. Loan resolutions totaled just over $600 million, one of the lowest monthly totals in recent years. Removing these … [Read more...] about 8.15.14: CMBS Delinquency Posts Small Decline in July
AAHOA Alert! 4.28.14: CMBS Conduit Loans Available in Small Markets
ValueXpress can obtain CMBS conduit loans for AAHOA members who own limited and full-service hotels in small markets. “Traditionally, CMBS conduit lenders do not like small markets and will not make hotel loans there,” notes Michael D. Sneden, Executive Vice President at ValueXpress. “But through … [Read more...] about AAHOA Alert! 4.28.14: CMBS Conduit Loans Available in Small Markets
7.26.13: Small Balance, Higher Leverage CMBS Loans Available
Higher leverage CMBS conduit loans are now available for small balance (greater than $5 million) transactions utilizing a first mortgage and mezzanine loan combination that is seamless to the borrower. Leverage can be up to 75% for hospitality properties and 80% for commercial/multifamily … [Read more...] about 7.26.13: Small Balance, Higher Leverage CMBS Loans Available
9.12.12: Small Business Capital and the Mark Feathers Saga…Cont’d
It appears that I was off base when I suggested the Securities Exchange Commission (SEC) might not understand the business model for Small Business Capital. In July, I wrote, “If you understand the structure of SBA loans, the two SBC funds conceptually make sense. The SEC alleges the returns on the … [Read more...] about 9.12.12: Small Business Capital and the Mark Feathers Saga…Cont’d
7.18.12: Small Business Capital and the Mark Feathers Saga
For lenders and intermediaries involved in SBA lending, the saga of Small Business Capital (SBC) and its CEO Mark Feathers provides more drama than the TV show "The Housewives of New Jersey." SBC is a licensed SBA lender located in Los Altos, CA. The firm holds 1 of 14 non-bank SBA 7(a) licenses … [Read more...] about 7.18.12: Small Business Capital and the Mark Feathers Saga
3.29.12: Chris Hurn Speaks to Congress in Support of Small Business
Chris Hurn, founder and CEO of Mercantile Capital Corporation and a leader in the SBA 504 finance industry, testified on March 29 before the Senate Committee on Small Business and Entrepreneurship to recommend extension of the SBA 504 refinance program and the SBA 504 First Mortgage Loan Pooling … [Read more...] about 3.29.12: Chris Hurn Speaks to Congress in Support of Small Business
6.30.11: Up-Front Costs Concern Small Balance Conduit Borrowers
Small balance ($2-$10 million) CMBS conduit borrowers no longer enjoy programs that feature fixed transaction costs for third-party reports and lender’s legal charges that are a relative bargain. Those programs, in effect prior to the 2008 CMBS conduit loan market meltdown, no longer exist. Today’s … [Read more...] about 6.30.11: Up-Front Costs Concern Small Balance Conduit Borrowers
9.17.10: U.S. Senate Passes Small Business Bill
The U.S. Senate approved legislation to cut taxes and ease credit for small businesses in a long-delayed victory for Democrats eager to show voters they are working to create jobs. If the U.S. House passes the bill as expected as early as next Wednesday, it would head to President Barack Obama to … [Read more...] about 9.17.10: U.S. Senate Passes Small Business Bill
8.11.10: SBA 504 Loan Interest Rate Drops Below 5% for Small Business Borrowers*
The Small Business Administration’s (SBA) 504 loan program is providing long-term, fixed-rate financing for the purchase of commercial real estate at one of the lowest interest rates since the program's inception. The SBA's lending partners, Certified Development Companies (CDCs), are busy working … [Read more...] about 8.11.10: SBA 504 Loan Interest Rate Drops Below 5% for Small Business Borrowers*
7.23.10: U.S. Senate Votes $30 Billion in Small-Business Aid
The U.S. Senate voted last Thursday to include a proposed $30-billion lending program in a package of aid for small businesses; two Republicans joined Democrats to support the amendment. The vote was 60 to 39, with Senators George LeMieux (R, FL) and George V. Voinovich (R, OH) delivering crucial … [Read more...] about 7.23.10: U.S. Senate Votes $30 Billion in Small-Business Aid