Monthly Archives: November 2011

11.17.11: ValueXpress Looking for Loan Originators

“We’re looking for individuals who are seeking a flexible, entrepreneurial and financially rewarding career path,” commented Michael D. Sneden, Executive Vice President of ValueXpress. “If you are a mortgage banking professional with specific experience in the origination of CMBS conduit … Continue reading

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11.15.11: Country Bank Applies to Become 504 First Lien Pooler

ValueXpress is assisting Country Bank, an affiliate, in its application to become an SBA 504 First Lien Pooler.  The SBA created a secondary market for first lien positions of SBA 504 loans as part the Jobs Act.  The program allows … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA 504, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment

11.7.11: SBA 7(a) Premiums Strengthening for Larger Guarantee Amounts

I am pleased to report that the gap between small (less than $1.5 million) SBA 7(a) guarantee bids and large (more than $3 million) guarantee bids has shrunk dramatically. You may remember that back in June I wrote: Initially, secondary … Continue reading

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

ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL

ValueXpress closed a $6.5-million CMBS conduit first-mortgage loan on a 19-building, 2-story apartment complex constructed in 1972 and renovated in 2010 located in Jacksonville, FL.  The transaction was a cash-out refinance of an existing loan that has been utilized to … Continue reading

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

11.2.11: CMBS Conduit Deals Close Lightning Fast

ValueXpress recently originated a $6.5-million multifamily loan located in Jacksonville, FL. The transaction closed 32 days from the date the loan Term Sheet was signed. Another recent transaction closed in 48 days.  The loans closed quickly due to a combination … Continue reading

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

11.1.11: RBS and Wells Fargo Price Successful CMBS Issue

RBS and Wells Fargo priced a $1.1-billion CMBS transaction on November 1 that found strong demand. With the crisis in Greece appearing to settle down and the capital markets recovering some lost ground during the week, the transaction found strong … 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

11.1.11: Trepp and Fitch Report October CMBS Delinquency

The delinquency rate for securitized commercial mortgages has dropped for three months in a row, reaching its lowest level of the year in October, according to Fitch, but increased 21 basis points (bp) to 9.77%, according to Trepp.  The percentage … 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