Monthly Archives: May 2011

5.20.11: CMBS Pipeline: An Anticipated $17 Billion Through September 30, 2011

Commercial Mortgage Alert reports $17.4 billion of U.S. CMBS are in the pipeline to price by the end of September.  This figure includes two multi-borrower transactions totaling $2.9 billion that are now in the market and expected to price next … Continue reading

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

5.18.11: B-Piece Buyers Wait on Risk Retention’s Final Act

A B-piece buyer’s appetite for taking on 5% risk and the buyer’s future affiliation with special servicing will depend on a final risk-retention rule required under the Dodd-Frank Act. The comment period on the banking agencies’ risk-retention proposal ends June … Continue reading

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

5.11.11: SBA and Flood Insurance – Check Private Sources in Addition to NFIP

ValueXpress recently obtained a commitment from its partner bank, Country Bank on a hotel located in Brooklyn, NY.  A FEMA flood determination on form 81-93 required by the SBA found the property located in a Special Flood Hazard Area (SFHA).  … Continue reading

Posted in Michael D. Sneden, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

ValueXpress Obtains $1.25-Million CMBS Conduit Loan for an Advance Auto Parts Retail Store in Southeast Florida

ValueXpress obtained a $1.25-million first-mortgage loan that was utilized to refinance existing debt secured by a 6,800-square-foot net leased retail building leased to Advance Auto Parts.  The improvements are located on a 1-acre site and were constructed in 2006.  The … Continue reading

Posted in Commercial Lending, News & Recent Closings, Owner-User Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged | Leave a comment

5.3.11: Commercial Mortgage Bonds: Largest Rally Since July

Commercial mortgage bonds are experiencing the largest rally in 10 months on growing confidence that declining unemployment will boost the economy enough to stem a tide of loan defaults. Top-rated securities backed by U.S. property loans returned 1.41% in April, … Continue reading

Posted in Commercial Mortgage Bonds, Michael D. Sneden, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment

4.28.11: Killeen-Temple-Fort Hood, TX Claims Top Spot in 2010 Best Performing Cities

Killeen-Temple-Fort Hood, Texas claimed the top spot in the 2010 Best Performing Cities index, according to the Milken Institute.  The area edged up from second place in 2009.  The area is heralded for its economic performance amid severe national recession.  … Continue reading

Posted in CMBS Conduit Loans, Mike Sneden, News & Recent Closings, SBA 7(a), The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

4.25.11: Moving the 504 Refinance Program Forward: SBA Removes Another Roadblock

As some banks discovered as they tried to move new 504 refinance loans through the SBA regional approval centers, their loans were getting thwarted — not by the SBA, but by the lender that held the note the new lender … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA 504, SBA Form 2416, SBA Loan Processing | Tagged | Leave a comment