Monthly Archives: February 2011

2.23.11: What Obama’s Budget Means for the SBA

The Obama Administration seeks $818 million for small-business programs, including the 7(a) program in its 2012 budget, which will begin in October 2011.  This total is just over half of what it received for these programs in 2010, when the … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, U.S. Small Business Administration | Tagged , , | Leave a comment

2.18.11: SBA 504 Refinancing Is Official!

The SBA’s 504 refinancing program has finally been implemented. It gives owner-user commercial real estate owners with existing mortgage loans facing imminent loan maturity or balloon payments the opportunity to refinance with a government-guaranteed SBA 504 loan. Some of the … Continue reading

Posted in Owner-User Loans, SBA, SBA 504, SBA 7(a), SBA Loan Processing, SBA Loans | Leave a comment

2.17.11: Morgan Stanley and CDC Direct Team Up

CDC Direct Capital has announced an SBA 504 Secondary Market solution with the Morgan Stanley SBA 504 First Mortgage Secondary Market Program. This program enables a bank to sell the entire first mortgage on any SBA 504 loan. Morgan Stanley … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA, SBA 504, The Banker's Mortgage Conduit | Tagged , | Leave a comment

ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel

ValueXpress closed a $2,705,000 first mortgage loan in conjunction with a $1,665,000 SBA 504 second mortgage loan utilized to acquire a 72-room interior-corridor property located in northeastern Columbus, Ohio. The property is in proximity to the Honda manufacturing plant located … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, Owner-User Loans, SBA 504, SBA Loans, The Banker's Mortgage Conduit | Tagged | Leave a comment

2.10.11: CMBS Conduit Loan Origination in 2011 & Beyond: Report from the MBA CREF Convention

The prognosis for CMBS conduit loan origination in 2011 and beyond was discussed at this year’s MBA CREF convention by three of the most active originators of CMBS loans right now, Richard Schlenger of Citigroup, Roddy O’Neal of Goldman Sachs … Continue reading

Posted in CMBS, CMBS Conduit Loans, MBA CREF Convention 2011, Michael D. Sneden, The Banker's Mortgage Conduit, Valuexpress | Leave a comment

2.1.11: Trepp Reports Delinquency Rate Reaches Another Record High

On the heels of a CMBS industry conference where cautious optimism was the common theme, and a week in which several new CMBS deals were announced, a record setting delinquency rate of 9.34% for January indicates that the CMBS market … Continue reading

Posted in CMBS, Commercial Real Estate Loans, Michael D. Sneden, Valuexpress | Tagged , | Leave a comment

ValueXpress Obtains a $945,000 Commitment for the Construction of a Multi-Tenant Retail Building

ValueXpress obtained a $945,000 first-mortgage loan commitment from its Mississippi banking partner, Guaranty Bank, for the construction of an 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS.  The proposed loan amount is $945,000 and total project costs … Continue reading

Posted in Owner-Occupied Loans, Owner-User Loans, SBA 7(a) | Tagged , | Leave a comment