Monthly Archives: June 2012

6.15.12: CMBS Conduit Loan Rates Steady Despite Capital Market Turbulence

CMBS conduit loan rates are holding relatively steady despite market turbulence surrounding the European debt crisis.  Fixed income professionals are increasingly worried about whether Greece will exit the European Union and whether debt-related trouble will spread to Spain, Italy and … Continue reading

Posted in 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

6.7.12: Kevin Monahan to Return as Instructor for Commercial Capital Training Group

Kevin Monahan, Senior Loan Originator at ValueXpress, addressed the May 2012 class of the Commercial Capital Training Group (CCTG) in Albany, NY. CCTG is a one-of-a-kind training company that provides a one-week, comprehensive commercial training and education program tailored for … Continue reading

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

6.5.12: Country Bank Active CMBS Buyer

Country Bank, a New York state community bank affiliated with ValueXpress, has been actively buying new issue CMBS for its investment portfolio, attracted to their high relative yield, underlying asset diversity and attractive capital risk weighting. The bank first began … 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

ValueXpress Obtains $4,000,000 Fannie Mae Loan Approval

ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC.  The property is located … Continue reading

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

6.1.12: ValueXpress to Assist Marine Corps Heritage Foundation in Development of Hotel

ValueXpress is working with the Marine Corps Heritage Foundation in its efforts to develop a new hotel at the National Museum of the Marine Corps in Quantico, VA.  The National Museum of the Marine Corps, a 100,000-square-foot facility located along … Continue reading

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

5.30.12: Legacy CMBS Delinquency Rates Continue to Rise

In a sign that the troublesome class of 2007 loans has not yet made the grade, the CMBS delinquency rate hit a new high in May after steadily creeping up over the last three months. New research from Trepp shows … Continue reading

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

5.22.12: 504 Poolers Begin to Shut Origination Window

Lenders that are originating SBA 504 loans (both in the construction/acquisition and refinance program) purely for pooling the first mortgage loan for sale in the secondary market are beginning to shut down those operations in anticipation of the expiration of … Continue reading

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