Monthly Archives: December 2012

12.28.12: CMBS Prognosis for 2013

CMBS bond spreads (and hence spreads to borrowers on their loans) and the Swap rate (the index used to set CMBS conduit loan rates) both fell as 2012 progressed; by year-end, the combination resulted in the lowest CMBS conduit loan … Continue reading

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

12.24.12: Creating Efficiency in the CMBS Loan Diligence Process

ValueXpress has been arranging CMBS conduit loans for its clients for over 15 years.  The typical client is a small balance borrower ($5-$10 million), and many do not have much or any experience in the diligence process (read: lots and … Continue reading

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12.18.12: Insurance Companies Grab Large Blocks of Subordinate CMBS

In support of the strong demand for CMBS securities, it was reported that insurance companies were active buyers of AAA-rated senior CMBS with 30% subordination (generally classes A1-A3 and A-SB), and were big buyers of subordinate CMBS (classes AS, B … Continue reading

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ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL

ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, FL Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings were … Continue reading

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ValueXpress Arranges $4.2-Million CMBS Conduit Loan for the Refinance of a 80-Room Candlewood Suites in Houston, TX

ValueXpress has arranged a $4.2-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2008. Located in the Houston Medical Center section of Houston, TX, the property is a 4-story, 80-room extended-stay interior-corridor hotel constructed by the … Continue reading

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12.14.12: CMBS Issuance Poised to Surge in First Quarter of 2013

Commercial Mortgage Alert reports that a big fourth quarter has lifted U.S. commercial MBS volume for 2012 above $48 billion — and strong issuance will continue in the first quarter. CMBS activity has soared almost 50% in 2012 from $32.7 … Continue reading

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12.10.12: B-Piece Buyers Forcing Issuers to Pay Up for Hotel Loans

Many CMBS borrowers are asking why CMBS conduit loan spreads are relatively high for 65%-70% LTV hospitality loans.  Part of the answer can be found in the way the buyers of subordinate CMBS (often referred to as b-piece buyers) look … Continue reading

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