ValueXpress predicts strong demand for CMBS loans in 2022 based on pent-up financing needs from the pandemic, loan maturities and a return to rent growth from inflation. ValueXpress believes CMBS loans for hotels will outpace other asset classes for CMBS conduit loans. Hotels have been essentially … [Read more...] about 11.30.21: VALUEXPRESS FORECASTS STRONG DEMAND FOR CMBS LOANS IN 2022, LED BY HOTELS
10.31.21: VALUEXPRESS SEES STRONG LOAN DEMAND AS CMBS ISSUANCE SURGES IN 2021
ValueXpress continues to see strong CMBS conduit loan demand as loan originations through September are setting up 2021 to exceed the highest annual CMBS issuance volume since before the financial crisis more than ten years ago. CMBS shops floated a whopping $74.6 billion of CMBS compared with $41.6 … [Read more...] about 10.31.21: VALUEXPRESS SEES STRONG LOAN DEMAND AS CMBS ISSUANCE SURGES IN 2021
6.20.21: CMBS SPREADS CONTINUE TO TIGHTEN ON STRONG INVESTOR DEMAND
Strong demand led to tight pricing on newly issued CMBS securities amid the marketing of $10 billion of bonds. Wells Fargo, Morgan Stanley, Bank of America and NCB priced the $1-billion conduit issue on June 14, with the super-senior, long-term AAA-rated bonds pricing at 64 basis points (bp) over … [Read more...] about 6.20.21: CMBS SPREADS CONTINUE TO TIGHTEN ON STRONG INVESTOR DEMAND
4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
As previously reported, 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, … [Read more...] about 4.2.21: HOTELS IN TOURIST LOCATIONS FINDING STRONG DEMAND
3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
The COVID-19 pandemic has temporarily suppressed new CMBS loan originations, resulting in fewer CMBS securities available to investors. With CMBS bond buyers flush with new annual capital allocations for CMBS and a shortage of securities, spreads continue to tighten, benefitting CMBS loan borrowers. … [Read more...] about 3.23.21: CMBS DEMAND STRONG AS INVESTORS LOOK TO PUT MONEY TO WORK
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
12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
Benchmark spreads on CMBS conduit securities tightened this past week despite a wave of new issues hitting the market before yearend. Bond buyers usually have reduced funds at this time of year as they typically have invested their annual allocations and often sit on the sidelines until the new … [Read more...] about 12.15.19: CMBS MARKET REMAINS STRONG INTO YEAREND
7.5.19: Commercial Real Estate Market in Albuquerque, NM Is Strong
The commercial real estate market in Albuquerque, New Mexico continues to show strength, according to CBRE. Office space occupancy declined for the third consecutive year in 2018 and Class A vacant space is the lowest in market history. Demand arises from a net increase of 10,000 jobs in the … [Read more...] about 7.5.19: Commercial Real Estate Market in Albuquerque, NM Is Strong
2.1.19: First CMBS Issues for 2019 See Strong Demand
ValueXpress tracks the pricing of CMBS securities because it directly correlates to the interest rate borrowers receive for a CMBS conduit loan. Our insight into the CMBS market ensures that our borrowers receive the lowest possible interest rate on their loan. ValueXpress has been tracking CMBS … [Read more...] about 2.1.19: First CMBS Issues for 2019 See Strong Demand
7.24.18: Industrial in Secondary Markets Is Strong
Secondary industrial markets are displaying demographic expansion, profitable lease rates and availability of developable land that has resulted in greater growth than primary markets, according to a recent report from Colliers International. Cincinnati, Indianapolis, St. Louis and the Lehigh Valley … [Read more...] about 7.24.18: Industrial in Secondary Markets Is Strong
