Monthly Archives: October 2011

10.21.11: CMBS Conduit Partner Needs $100 Million in Loans by Year-End

Recently I took a call from one of our most active CMBS conduit relationships.  “Mike, I need $100 million in CMBS conduit loans by year-end, can you help me out?”  On one hand, I was surprised; on the other, not … Continue reading

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

10.18.11: Spread Widening Provides Investment Opportunity in 2005 Class AJ CMBS

ValueXpress, which provides CMBS investment advisory services to community banks, has recommended a select set of 2005 AJ CMBS for its bank clients to purchase, and many have made purchases in the past week at yields in excess of 6% … Continue reading

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

10.13.11: SBA Releases New 504 Refinancing Guidelines on Cash-Out

The U.S. Small Business Administration (SBA) has relaxed regulations on loan qualifications, and as a result, the 504 loan program has begun accepting applications from a greater number of small businesses to refinance existing real estate debt. The SBA received … Continue reading

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

ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX

ValueXpress closed a $2.85-million first-mortgage loan with a Texas banking partner, Herring Bank, for a 3-story, 62-room interior-corridor limited-service hotel built in 1999 on a 1.5-acre site in Killeen, Bell County, TX. The property is franchised as a Hampton Inn. … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, Non-Recourse Loans, SBA, SBA Loan Processing, SBA Loans, Valuexpress | Tagged , , , | Leave a comment

10.7.11: Uptick Seen in CMBS Conduit Multifamily Originations

Earlier this month Reis reported that U.S. apartment vacancies fell to a five-year low in the third quarter of 2011 to 5.6%, enabling landlords to increase rents even though the overall economic picture is less than rosy.  The 5.6% vacancy … Continue reading

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

10.3.11: Trepp and Fitch Report CMBS Delinquency for September

The performance of securitized commercial mortgages improved slightly last month, according to Fitch, while Trepp reports little change in delinquency for September. The 60-day delinquency rate for commercial mortgage backed securities (CMBS) loans finished September at 8.6%, according to Fitch, … Continue reading

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9.26.11: SBA Issues New Standard Operating Procedures for 7(a) and 504 Loans

The Office of Financial Assistance announced an update to the Standard Operating Procedure (SOP) 50 10 5. This update, known as SOP 50 10 5(D), will be effective on October 1, 2011. This version of the SOP will apply to … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA 7(a), Valuexpress | Tagged , , | Leave a comment