Monthly Archives: August 2011

8.25.11: Spread Widening Slows CMBS Originations

Recent spread widening and market volatility are taking their toll on new CMBS loan originations. Transactions totaling only $3.1 billion are in the pipeline for the fourth quarter, down from an average of $8.6 billion in the first two quarters … Continue reading

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

8.22.11: M.P. Patel Wins IPAD 2 Drawing at Trade Show in New Orleans, LA

Hotel owner M. P. Patel won a new 32GB IPAD 2 at the ValueXpress booth at the Leuva Patidar Samaj of USA National Convention and Trade Show in New Orleans, LA on Saturday, July 30, 2011.  Over 3,000 members attended … Continue reading

Posted in Leuva Patidar Samaj of USA, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , | Leave a comment

8.17.11: Strong Demand, Tight Supply Improve Demand for Apartments

Investors continue to prefer investment in U.S. apartment buildings over most commercial properties, even commercial office space; total multifamily sales volume jumped nearly 80% in 2011’s second quarter from a year ago.  Although still just a fraction of its mid-2007 … Continue reading

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

ValueXpress Revives SBA 7(a) Loan Secured by Dental Office

In May 2010, ValueXpress obtained a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank, based on the SBA’s approval of a 90% guarantee under the Jobs Act program, just prior to the expiration of the stimulus program on … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA 7(a), SBA Loan Processing, Valuexpress | Tagged , , , | Leave a comment

8.12.11: CMBS Spread Continue to Widen

Spreads on recent issue CMBS widened further on Monday, August 8, in the wake of Standard & Poor’s decision on Friday, August 5, to lower its triple-A ratings on U.S. Treasuries.  Spreads recovered as the week progressed, but benchmark spreads … Continue reading

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

8.8.11: Markit to Introduce New Index to Hedge CMBS

Markit, a firm that provides credit default swap information and valuation services, is putting the finishing touches on a new total return swap index, dubbed TRX.2, designed to help CMBS lenders hedge their warehoused loans.  With the recent volatility in … Continue reading

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

ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in LA

ValueXpress obtained a $4.9-million CMBS conduit loan secured by a residential apartment complex located in Lake Charles, LA.  The two-story garden apartment complex, built in 1978, consists of 112 rental apartments in 14 separate buildings.  Significant renovation of the property … Continue reading

Posted in CMBS Conduit Loans, Michael D. Sneden, Owner-User Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment