Monthly Archives: April 2012

4.23.12: ValueXpress Exhibiting at AAHOA Trade Show in Atlanta, GA

ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Atlanta, Georgia May 3-4, 2012. ValueXpress will be located in booth 739 at the Georgia World Congress Center noon-6:00 p.m. on both Thursday, May 3 … Continue reading

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4.19.12: Lending Rebound Bolstering CMBS Pipeline

According to Commercial Mortgage Alert (CMA), commercial MBS issuance is picking up steam.  After a slow first quarter, volume is now on track to reach $20 billion by midyear. That would surpass the $17.1 billion of activity in last year’s … Continue reading

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

4.16.12: AAHOA Heads to Washington, D.C. in Support of SBA Program Extensions

Asian American Hotel Owners (AAHOA) leaders met with members of Congress to discuss two legislative priorities.  In recent months, discussions in Washington, D.C. have centered on eliminating the SBA 504 Loan Refinancing Program, which is scheduled to expire in September.  … Continue reading

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ValueXpress Obtains $12,100,000 CMBS Loan for a Hampton Inn Hotel in Linden, NJ

ValueXpress arranged financing for the Hampton Inn – Linden, a 149-room interior corridor limited service hotel constructed in 2003. Located in Linden, Union County, 3 miles east of the Garden State Parkway and 3 miles west of the New Jersey … Continue reading

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

4.6.12: After Slow Quarter, CMBS Volume Should Pick Up

CMBS issuance in the United States got off to a slow start in the first quarter, but activity is expected to step up in coming months, according to Commercial Mortgage Alert.  Only $6 billion of CMBS priced January-March, down 32% … Continue reading

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

4.3.12: What’s the Direction of Debt Yield on CMBS 2.0 Issues?

Since the restart of the CMBS market in June 2010 when JPMorgan issued $716 million of CMBS, market participants have focused on a metric called debt yield.  Debt yield is the property net cash flow (generally defined as actual income … 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

3.29.12: Chris Hurn Speaks to Congress in Support of Small Business

Chris Hurn, founder and CEO of Mercantile Capital Corporation and a leader in the SBA 504 finance industry, testified on March 29 before the Senate Committee on Small Business and Entrepreneurship to recommend extension of the SBA 504 refinance program … Continue reading

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