Monthly Archives: December 2011

12.16.11: Commercial Lending Outlook for 2012

“The amount of CMBS conduit loans should increase for ValueXpress and the industry for 2012, but not by leaps and bounds,” estimates Michael D. Sneden, Executive Vice President at ValueXpress.  “I think the market as a whole, which generated about … Continue reading

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

12.9.11: UBS and Citigroup Price CMBS Issue Amid Strong Demand

UBS and Citigroup priced a $674-million CMBS transaction on December 9 that found strong demand.  The AAA-rated super-senior bonds priced mostly in line with initial pricing guidance and at tighter spreads in most cases than comparable paper in the previous … Continue reading

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

12.5.11: Country Bank Rises to 22nd Spot on Crain’s Top SBA Lenders

Country Bank has been ranked 22nd by dollar value of SBA loans approved in 2011, according to Crain’s New York Business in its New York Area’s Top SBA Lenders list.  Country Bank approved $8.575 million of SBA 7(a) loans in … Continue reading

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

ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY

ValueXpress has arranged an SBA 504 loan transaction to refinance a conventional owner-occupied real estate loan held by its affiliate, Country Bank.  The existing $990,000 loan carries an interest rate in excess of 8% and will be refinanced with a … Continue reading

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12.1.11: Leon Elliott Joins ValueXpress

Leon Elliott, a 40-year veteran in commercial and residential real estate lending, has joined ValueXpress effective December 1.  Elliott will be based in the Boston, MA metropolitan area and will be primarily responsible for commercial loan originations in Massachusetts, Rhode … Continue reading

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

11.25.11: Country Bank Expands Its SBA Lending Footprint

Country Bank has announced that it is expanding its SBA lending footprint to include New York, New Jersey, Connecticut, Pennsylvania and Delaware.  Country Bank will consider fixed- and floating-rate loan transactions secured by owner-occupied real estate in conjunction with the … Continue reading

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

11.22.11: AAHOA Hotel Reservation Site “MyBestHotelRate.com” Now Live

After months of development, the Asian American Hotel Owners Association (AAHOA) announced that its online reservation system http://www.mybesthotelrate.com is now bookable.  Guests are now able to search online and book hotel rooms across the country, including both franchised and independent … Continue reading

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