Monthly Archives: July 2012

7.26.12: CMBS Spreads Reverse Direction and Tighten

CMBS spreads reversed direction and tightened in the past two weeks after CBMS offerings from Morgan Stanley/Bank of America (BoA) and Wells Fargo/RBS priced at sequentially tighter spreads from peak levels seen in June when UBS/Barclays widened pricing of long-term … Continue reading

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

7.23.12: Tightening CMBS Spreads a Bonanza for Borrowers

CMBS spread tightening has resulted in a very favorable rate environment for CMBS conduit borrowers compared with a few weeks ago. “Benchmarking borrower rates is becoming a daily event,” commented Michael D. Sneden, Executive Vice President of ValueXpress.  “Borrowing rates … Continue reading

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7.18.12: Small Business Capital and the Mark Feathers Saga

For lenders and intermediaries involved in SBA lending, the saga of Small Business Capital (SBC) and its CEO Mark Feathers provides more drama than the TV show The Housewives of New Jersey.  SBC is a licensed SBA lender located in … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA, SBA Loan Processing, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | 2 Comments

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

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its NY banking partner, Country Bank, for the purchase of the fee interest in a 12-story, 97-room interior-corridor limited service hotel originally constructed in 1984 and operated as an independent.  The property … Continue reading

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

7.13.12: Trepp: Only 28% of Maturing 2007 CMBS Loans Paid Off in Full

According to Trepp, 2007 marked the year that commercial real estate values and the surrounding euphoria peaked.  In the five years since, investors have spent countless nights fretting about the weak underwriting, optimistic revenue forecasts and inflated values tied to … Continue reading

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

7.3.12: Fracking Boosts Hotel Business

Hydraulic fracking has positively influenced hotel performance in areas with high fracking activity.  One such area in the eastern portion of the United States is in the “Marcellus Shale” region, mostly found under the states of Pennsylvania, Ohio and West … Continue reading

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

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

ValueXpress closed 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 Lending, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment