Monthly Archives: January 2011

1.27.11: Looking Under the Hood of the Goldman/CitiGroup CMBS Deal

On December 28, 2010, Goldman Sachs and Citigroup teamed up on an $876–million CMBS transaction backed by 43 commercial mortgages they had recently originated.  The deal, GS Mortgage Securities Trust, 2010-C2 was the most recent multiborrower CMBS transaction. The market … Continue reading

Posted in CMBS, CMBS Conduit Loans, CMBS Securities, Commercial Mortgage-Backed Securities, Michael D. Sneden, Non-Recourse Loans, Small Balance Loan, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

1.26.11: Small-Business Loan Amounts Rise at the Jersey Shore

Small businesses at the Shore received 177% more money from U.S. government-backed loans during the quarter that ended December 31, 2010 than the same time a year earlier, the U.S. Small Business Administration said Wednesday. Volume was aided by a … Continue reading

Posted in Certified Development Company, Owner-Occupied Loans, Owner-User Loans, SBA, SBA 504, SBA 7(a), SBA Guarantee Fee, SBA Guarantee Sales, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment

1.19.11: ValueXpress News & Recent Closings Biweekly Now on WordPress

Our ValueXpress biweekly News & Recent Closings is now available on WordPress. Subscribers can continue to receive News & Recent Closings via our biweekly email Blast; however, for those of you who have been challenged by spam filters and other … Continue reading

Posted in News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment

ValueXpress Obtains $4-Million Commitment to Refinance an Independent Limited Service Hotel in Brooklyn, NY

ValueXpress obtained a $4-million first-mortgage loan commitment from its New York banking partner, Country Bank, for an independent limited service hotel in Brooklyn, NY.  The property is a 4-story and basement 62-room limited service non-franchised hotel operating under the dba … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, Owner-Occupied Loans, Owner-User Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

1.13.10: SBA Guarantees: Should I Sell or Should I Hold

Recently one of our bank partners asked us whether it should hold SBA-guaranteed loans in portfolio for ongoing net interest income or sell the guarantee for an up-front profit.  We replied that the answer depends on a variety of factors, … Continue reading

Posted in Michael D. Sneden, SBA 7(a), SBA Guarantee Fee, SBA Guarantee Sales, The Banker's Mortgage Conduit, Valuexpress | Tagged | Leave a comment

1.7.11: CMBS Prices Rally Yet Again

The first week of 2011 saw a ferocious rally in CMBS: spreads plummeted across all classes of CMBS in new and older vintage issues.  The benchmark CMBS issue, GSMS 2007-GG10, ended the week at 210 basis points (bp) over swaps … Continue reading

Posted in CMBS, CMBS Securities, Commercial Mortgage-Backed Securities, Michael D. Sneden, Senior Investment-Grade CMBS, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for a Quality Inn located in Brooklyn, New York. The property securing the loan is a four-story, 81-room limited service hotel scheduled … Continue reading

Posted in Michael D. Sneden, Owner-Occupied Loans, Owner-User Loans, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment