Monthly Archives: January 2012

1.25.12: Fed Expected to Hold Rates Low Until 2014

On Wednesday, the Federal Reserve, citing ongoing concerns for a global economic slowdown and a stubbornly weak U.S. labor market, said it expects to keep record-low interest rates in place at least until late 2014. Fed Chairman Bernanke said the … Continue reading

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1.23.12: $11 Billion in CMBS Pipeline Through April

The CMBS deal calendar for early 2012 is taking shape. All told, 14 transactions totaling $10.8 billion are scheduled to hit the market by April, according to a preliminary tally by Commercial Mortgage Alert. The activity comprises nine multi-borrower deals … Continue reading

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1.18.12: SBA 504 Refinance Program to End in 2012

Ron Goldstein, director of Lender Relations for the N.Y. district office of the SBA, recently reminded New York SBA lenders that time is running out on the 504 Certified Development Company Loan Program for debt refinancing authorized by the Small … Continue reading

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ValueXpress Obtains an SBA 504 Loan Commitment for the Acquisition of a Country Inn & Suites Limited Service Hotel in New Jersey

ValueXpress obtained a $6,950,000 first-mortgage loan commitment from its New York banking partner, Country Bank, in conjunction with an SBA 504 second mortgage for the acquisition of a seven-story, 210-room, limited service hotel constructed in June 2003; the property is … Continue reading

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1.13.12: CMBS Prices Rise Again

According to “Commercial Mortgage Alert,” commercial mortgage-backed securities (CMBS) prices rose again this week, continuing a month-long rally.  Spreads on legacy CMBS paper tightened Wednesday, January 11 as industry professionals returned from the Commercial Real Estate Finance Council’s annual winter … Continue reading

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1.6.12: Record Month for SBA 504 First Mortgage Lien Pool (FMLP) Program

According to Secondary Market Access (SMA), a leading SBA 504 First Mortgage Lien Pool (FMLP) settlement firm, December 2011 saw record activity for FMLP settlement with a total of 24 loans settled into 10 separate pools. SMA’s Bob Judge said … Continue reading

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1.3.12: CMBS Delinquency Rates Continue to Drop — for Now

Delinquencies of 30-days-plus in commercial real estate loans in CMBS fell 26 basis points (bp) to 9.51%, according to Trepp, New York, yesterday. Only August 2011’s 36-bp drop was larger. But Trepp warned that higher delinquency rates could be on … Continue reading

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