Monthly Archives: September 2012

9.21.12: Fed Move Spurs Pickup in CMBS Rally

CMBS spreads fell to post-crash lows after the long-term, super-senior bonds from a $1.3-billion multi-borrower offering by Wells Fargo, Ladder Capital and RBS priced at 85 basis points (bp) over swaps on Wednesday, September 19, 2012, according to Commercial Mortgage … Continue reading

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9.19.12: Tightening CMBS Spreads a Bonanza for Borrowers – Part II

In July I wrote that CMBS spread tightening has resulted in a very favorable rate environment for CMBS conduit borrowers compared with just a few months earlier. Well, based on the recent CMBS issues, borrowing rates are poised to drop … Continue reading

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

9.12.12: Small Business Capital and the Mark Feathers Saga…Cont’d

It appears that I was off base when I suggested the Securities Exchange Commission (SEC) might not understand the business model for Small Business Capital.  In July, I wrote, “If you understand the structure of SBA loans, the two SBC … Continue reading

Posted in Michael D. Sneden, News & Recent Closings, SBA, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | 1 Comment

ValueXpress Arranges $4.3-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Suites in Panama City Beach, FL

ValueXpress arranged a $4.3-million CMBS conduit loan for the refinance of a Comfort Suites constructed in 2005 in Panama City Beach, FL.  The property is a 3-story, 74-room interior-corridor hotel constructed by the sponsors to Comfort Suites brand standards. The … Continue reading

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9.7.12: ValueXpress Welcomes Ken Stevenson

Ken Stevenson, a 20-year veteran in commercial real estate lending, has joined ValueXpress, effective September 1.  Stevenson will be primarily responsible for commercial loan originations in the western United States. “Ken brings an outstanding breadth of experience to the ValueXpress … 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

9.2.12: Delinquency Rate Falls 21 BP in August – Largest Decline Since November 2011

The long-anticipated leveling off of the U.S. CMBS delinquency rate became a reality in August. Over the last few months, we predicted that the Trepp CMBS Delinquency Rate would hit a high in early to mid-summer then decelerate in the … Continue reading

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8.29.12: Brokers: How to Get an MBA in CLO

Since May, ValueXpress has been participating in the education and training of professionals in commercial loan origination (CLO) as part of Commercial Capital Training Group’s (CCTG) education program. The ValueXpress CMBS presentation, which includes a review of the company’s specialty … Continue reading

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