Monthly Archives: May 2012

5.18.12: CMBS Conduit Loan Rates Decline with Treasury Rally

CMBS conduit loan rates have fallen to the lowest levels since the restart of CMBS lending in 2010.  Interest rates on CMBS conduit loans are set based on a spread over the libor swap rate corresponding to the loan term.  … Continue reading

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

5.14.12: Rates on 5-Year CMBS Conduit Loans Worse Than 10-Year Deals

Rates on 5-year CMBS conduit loans are higher than loans with a 10-year term, and the difference between the two appears to be increasing. Normally in commercial lending, when the 5-year Treasury or libor swap rate is lower than the … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Mortgage Bonds, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings | Tagged , , | Leave a comment

5.7.12: Cash Management and CMBS Conduit Loans…Not Perfect Together: Part II

A recent post of ours outlined the insistence on cash management accounts for nearly all CMBS conduit loans.  In summary, cash management accounts are set up for each transaction as a bank account in the name of both the borrower … Continue reading

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

ValueXpress Obtains $4.5-Million Loan Commitment for an Independent Limited Service Hotel in Jamaica, NY

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, for the purchase of the fee interest in a 72-room interior-corridor limited service hotel originally constructed in 2006 and expanded in 2008-2009 (re-opened January 2010) … Continue reading

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

5.4.12: Mahesh (Mike) Patel Wins IPAD 2 Drawing at AAHOA Show

Hotel owner Mahesh (Mike) Patel won a new 32GB IPAD 2 at the ValueXpress booth at the Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Atlanta, GA last week. When we first called Mr. Patel and told him he’d … Continue reading

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

5.1.12: Opportunities & Challenges for Portfolio Lenders and CMBS

On May 1st CRE Finance Council sponsored a seminar on the prospects for commercial real estate lending in the near and longer term.  Panelists were a mix of CMBS conduit pros and insurance company lenders; they included Jon Martin from … Continue reading

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

4.30.12: Cash Management and CMBS Conduit Loans…Not Perfect Together

One of the more burdensome structural features of CMBS 2.0 (post-2010 CMBS conduit loans) has been the insistence of cash management accounts for nearly all CMBS conduit loans.  In summary, cash management accounts are set up for each transaction as … Continue reading

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