Monthly Archives: November 2012

11.16.12: Low Rates Spur Surge in CMBS Loan Applications

With CMBS loan rates approaching historic lows, ValueXpress is seeing a surge in new loan applications.  Loan activity is often high as year-end approaches, and in combination with low rates, fourth-quarter loan activity is expected to be extraordinary. “We started … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings | Tagged , , , , , , , , , | 1 Comment

11.12.12: ValueXpress Teams Up with RBM Financial on Loan Diligence

With the surge of loan applications (see “Low Rates Spur Surge in CMBS Loan Applications”), ValueXpress has announced it is working with RBM Financial to ensure that loan underwriting and closing documentation required from CMBS conduit borrowers are managed in … Continue reading

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

11.7.12: CMBS Delinquency Rate Dips to 8.3%

According to Fitch Rating Services, the delinquency rate for commercial MBS loans inched down again last month, despite the addition of a big multifamily mortgage to the late-payment list. The percentage of securitized commercial mortgages that were 60 days past … 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

ValueXpress Arranges CMBS Conduit Loan on a Portfolio of 3 Limited-Service Hotels in Corpus Christi, TX

ValueXpress arranged a large CMBS conduit financing for a portfolio of 3 limited-service hotels, the Staybridge Suites – Corpus Christi, Holiday Inn Express – Corpus Christi and Comfort Suites – Corpus Christi.  The borrower was an affiliate of ZJZ Hospitality, … Continue reading

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

11.2.12: ValueXpress Up and Running Despite Sandy

With an ability to work remotely, the ValueXpress team is underwriting and closing loan transactions with its clients; closing schedule expectations remain on track.  Jay Bhakta is with clients in Houston and Corpus Christi, TX finishing up due diligence on … Continue reading

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

11.1.12: Deutsche Bank and Cantor Price CMBS Issue at Tighter Spreads

Deutsche Bankand Cantor Fitzgerald priced a $1.11-billion CMBS transaction today that found strong demand; it priced at tighter levels than the previous CMBS deal from Wells Fargo and RBS that priced on Tuesday, October 16. The AAA-rated super-senior bonds priced … Continue reading

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

10.24.12: Average Loan Coupon Declines for CMBS Loans

Weighted-average loan coupons continue to decline. The recent Deutsche Bank/Cantor Fitzgerald deal set a new post-crash low with a weighted-average coupon of 4.63%, continuing a trend over the past few months of declining average coupons.  The chart below shows the … Continue reading

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