Monthly Archives: August 2012

8.10.12: ValueXpress Looking for Loan Originators

Last November, I put out a call for loan originators to join our team; at that time Kevin Monahan and Leon Elliott came aboard.  Kevin has approximately 10 deals committed and Leon has well over $60 million in loans approved, … Continue reading

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

8.7.12: July Payoff Report: Percentage of Loans Paying Off Hits New 12-Month Low

The percentage of loans paying off on their balloon date hit a 12-month low last month, according to the just-released Trepp July 2012 Payoff Report. With only 26.3% of loans reaching their balloon date paid off, the July total was … Continue reading

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

8.1.12: Second-Quarter Commercial/Multifamily Mortgage Originations Up 25% from a Year Ago

Washington, DC (July 31, 2012) – Commercial/multifamily mortgage origination volumes during the second quarter of 2012 were up 25% from second-quarter 2011 levels and up 39% from the first quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly … Continue reading

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

ValueXpress Closes $1.8-Million SBA 7(a) Loan, Saves Borrower’s “Life”

K.K. Patel was moved to tears as he explained that Jay Bhakta and ValueXpress “saved his life,” by negotiating a discounted payoff (DPO) and arranging an SBA 7(a) loan to finance the DPO.  “I have my life savings invested in … Continue reading

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