Monthly Archives: September 2011

9.23.11: Buyers Grab Super-Senior CMBS from Recent Offerings

CMBS investors lined up for super-senior CMBS from recent transactions, hopefully signaling the end to spread widening that began in May.  On Wednesday, September 14, Morgan Stanley and Bank of America priced the bulk of a $1.5-billion multi-borrower offering at … Continue reading

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

9.19.11: FDIC Reclassification Troubling for Hoteliers

Recently, Jay Bhakta, who runs the Mississippi office for ValueXpress, and Michael Sneden, Executive Vice President of ValueXpress, traveled to Houston, TX to assist a borrower in the closing of his CMBS conduit loan secured by a hotel as well … Continue reading

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

9.13.11: Rates on Fannie Mae Loans Continue to Decline

With 10-year Treasury rates below 2%, borrowers that qualify for Fannie Mae (and Freddie Mac) multifamily loans are seeing loan quotes at levels not seen since the formation of the Fannie Mae multifamily program in the 1950s. ValueXpress is active … Continue reading

Posted in Fannie Mae, Freddie Mac, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment

ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites

ValueXpress closed on a $5-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2009 in Houston, TX.  The property is a 3-story, 81-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards in … Continue reading

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

9.8.11: SBA 504 Loans Hit Record-Low Interest Rates for September

The Small Business Administration’s (SBA) 504 loan program is providing long-term, fixed-rate financing for commercial real estate and the purchase of long-term capital assets at the lowest interest rates since the program’s inception. The debentures that funded this month’s 20-year … Continue reading

Posted in Certified Development Company, Michael D. Sneden, News & Recent Closings, SBA, SBA Loans, Valuexpress | Leave a comment

9.6.11: Freddie MAC to Step Up Multifamily Loans

Freddie Mac plans to accelerate its program to purchase loans backed by apartment buildings, increasing the availability of financing for landlords and helping bolster the multifamily real-estate market. Freddie Mac, the U.S. government-backed mortgage-finance giant, will likely fund more than … Continue reading

Posted in CMBS Securities, Commercial Mortgage Bonds, Fannie Mae, Freddie Mac, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged | Leave a comment

9.1.11: CMBS Delinquency Rate Recedes Sharply in August

After a dismal July delinquency reading, the CMBS market rebounded smartly in August, according to Trepp.  The delinquency rate for U.S. commercial real estate loans in CMBS fell 36 basis points (bp) in August to 9.52%.  This is the second-largest … Continue reading

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