Monthly Archives: March 2011

3.24.11: Competition Heats Up for CMBS Conduit Loans

The successful CMBS offering by Goldman Sachs and Citigroup (see our 3.23.11 News Article) that priced on March 23rd marks the fifth multi-borrower deal completed in 2011.  Combined issuance in the five deals totaled nearly $8 billion.  With over 20 CMBS conduit … Continue reading

Posted in CMBS, CMBS Conduit Loans, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged | Leave a comment

3.23.11: Goldman Sachs/Citigroup Price CMBS Deal at Wider Spreads

Goldman Sachs and Citigroup priced a $1.4-billion CMBS transaction March 23; with the crisis in Japan and turmoil in Libya a significant widening in CMBS spreads occurred.  With capital markets recovering some lost ground during the week, the transaction was … Continue reading

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3.17.11: ValueXpress Helps New Borrower Complete 7(a) Process

In February 2011, a borrower contacted ValueXpress explaining he wanted to purchase an existing retail business that operated as a home center in a 60,000-square-foot facility in Mississippi.  The borrower, previously a general manager of a truck stop that comprised … Continue reading

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ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore

ValueXpress obtained a $2,500,000 first-mortgage loan commitment from a CMBS conduit lender to refinance a construction loan that was utilized to construct a CVS drugstore in Tulsa, OK.  The property is a newly-built prototype building with 13,225 square feet.  The … Continue reading

Posted in CMBS Conduit Loans, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings | Tagged | Leave a comment

3.9.11: Michael D. Sneden Returns to Westchester Business Council: “Learn How to Prepare a Business Loan Application”

The Business Council of Westchester County, N.Y. has announced that Michael D. Sneden, Executive Vice President at ValueXpress, will return as the keynote speaker at its Circles of Influence social networking event beginning at 4:30 p.m., March 31, at the … Continue reading

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

3.4.11: Trepp: CMBS Buyers’ Faith Rewarded as U.S. Delinquency Numbers Level Off

The faith that investors have shown in the legacy U.S. CMBS market over the last few months was validated on Wednesday when the Trepp Delinquency Report reported that the core delinquency rate for February had one of its smallest increases … Continue reading

Posted in CMBS, CMBS Securities, Commercial Mortgage-Backed Securities, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , | Leave a comment

2.29.11: S&P: Larger CMBS Deals to Market after Period of Stagnation

Larger commercial mortgage-backed securities deals are starting to come back to the market just 15 months after a few smaller transactions priced following a period of dormancy, according to an S&P research note this week. The return of the market, … Continue reading

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