Monthly Archives: February 2012

2.24.12: ValueXpress to Exhibit at 2012 Regional Conference of MBAs

On Tuesday, March 13 and Wednesday, March 14, ValueXpress will be exhibiting at the Regional Conference of MBAs Convention and Trade Show in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort.  Stop by Booth 2 to see us … Continue reading

Posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, SBA 7(a), The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , , , | Leave a comment

2.20.12: CMBS for Joe Six-Pack Courtesy of Blackrock

Blackrock, one the world’s leading providers of investment and advisory services, announced on Wednesday, February 15, that it has launched an exchange-traded fund (ETF) that tracks investment-grade CMBS. The CMBS fund, iShares Barclays CMBS Bond Fund, is the first such … 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

2.16.12: Buyers Eager for Big Wave of CMBS

“Commercial Mortgage Alert” reports that thanks to pent-up demand a flood of multi-borrower commercial MBS issues over the next six weeks is likely to fetch higher prices than the year’s first such transaction. A half-dozen conduit deals totaling $6.5 billion … Continue reading

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

ValueXpress Obtains a $1,400,000 SBA 7(a) Loan Commitment for a Best Western Hotel in Canton, MS

ValueXpress obtained a $1,400,000 first mortgage loan commitment from a southeastern U.S. banking partner secured by a 48-unit Best Western hotel in Canton, MS.  The loan commitment is subject to receipt of an SBA 7(a) loan guarantee. The building was … Continue reading

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

2.10.12: Report from the 2012 MBA CREF Convention

Last year at the MBA Commercial Real Estate Finance Convention (CREF) “cautious optimism” prevailed regarding CMBS conduit originations, tempered by disappointment in the size of the minimum loan balances sought by CMBS conduit originators ($20mm and up), required debt yield … Continue reading

Posted in CMBS Securities, Commercial Mortgage-Backed Securities, MBA CREF Convention 2011, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , , , , | Leave a comment

2.7.12: What’s Happening to Defaulted CMBS Loans?

Ann Hambly, founder and co-CEO of 1st Service Solutions, an advisor to commercial loan borrowers, recently outlined the resolution of defaulted CMBS loans since 2007 in an interesting article for Northeast Business Journal.  Ann notes from 2007 through mid-2011, a … Continue reading

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

1.31.12: SBA Administrator Karen Mills Elevated to Cabinet-Level Position

President Obama announced that he is elevating the head of the Small Business Administration (SBA) to a Cabinet-level position, as he urged Congress to also grant him permission to consolidate that and other federal agencies in an attempt to make … Continue reading

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