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

1.3.11: ValueXpress in Discussion for New SBA Relationship

ValueXpress is talking with a southern community bank about working together in originating government guaranteed loans [SBA 7(a), 504 and USDA B&I] in Mississippi, Louisiana, southern Alabama and the panhandle of Florida.  The relationship would extend ValueXpress’ direct government guaranteed … Continue reading

Posted in Michael D. Sneden, SBA, SBA 504, SBA 7(a), SBA Loan Processing, SBA Partnership, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment

12.31.10: 2010 Highlights in Commercial Lending

“I think 2010 will be noted as the turning point for commercial lending after the financial market collapse that began in fall 2007 and resulted in little commercial lending for the most part of two years,” according to Michael D. … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, Mike Sneden, SBA 504, SBA 7(a), SBA Loans, Small Business Jobs Act, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , | Leave a comment

ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS

ValueXpress closed on a $5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, on a 90% guaranteed SBA 7(a) loan for a beverage distribution company located in Batesville, MS. The property securing the loan is … Continue reading

Posted in SBA 7(a), SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment