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...]
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...]
8.16.16: CMBS Pipeline Strong for Third and Fourth Quarters
Lower interest rates and stable markets are leading to predictions for strong CMBS conduit loan originations for the third and fourth quarters of 2016. The increasing velocity of CMBS loan closings is refreshing for CMBS professionals after poor first and second quarters in terms of low volume and … [Read more...]
3.28.15: CMBS Volume Strong in First Quarter of 2015
U.S. CMBS issuance soared 33% in the first quarter of 2015 compared with the same period in 2014, according to Commercial Mortgage Alert. Volume totaled $27 billion for the January-March quarter, up from $20.4 billion a year earlier. Volume would have been higher, but a number of CMBS transactions … [Read more...]
2.12.15: Apartment Rents Rise in 2014 Amid Strong Demand, But Is the Party Over?
Reis reports that apartment rents grew by 0.6% nationally during the fourth quarter of 2014, a bit of a slowdown from the pace observed during 2014’s second and third quarters. Nevertheless, the trend in rents is up. Annual rent growth for apartment rents was 3.5% in 2014. This the best performance … [Read more...]
12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand
UBS and Citigroup priced a $674-million CMBS transaction on December 9 that found strong demand. The AAA-rated super-senior bonds priced mostly in line with initial pricing guidance and at tighter spreads in most cases than comparable paper in the previous multi-borrower transaction -- a … [Read more...]
8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments
Investors continue to prefer investment in U.S. apartment buildings over most commercial properties, even commercial office space; total multifamily sales volume jumped nearly 80% in 2011’s second quarter from a year ago. Although still just a fraction of its mid-2007 peak, the nearly $15 billion in … [Read more...]
8.9.10: Demand Strong for Goldman’s CMBS Issue
According to Commercial Mortgage Alert, demand easily outstripped supply for the $788.5-million CMBS conduit issue from Goldman Sachs, Citigroup and Starwood Property that rolled out on August 4. The issue collateral consists of 23 mortgages secured by 40 properties. The majority of the collateral … [Read more...]