Monthly Archives: February 2013

2.8.13: Report from the 2013 MBA CREF Convention

At the 2013 MBA Commercial Real Estate Finance Convention (CREF) “exuberance” replaced 2012’s “optimism.” The 2013 CMBS conduit loan machine is cranking full tilt: Declining spreads have made CMBS conduit loans competitive with insurance company offerings on commercial assets and … Continue reading

Posted in CMBS, 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

2.5.13: Spreads Tighten Further on Junior Investment-Grade CMBS

While AAA-rated senior investment-grade CMBS spreads remain flat, junior investment-grade CMBS spreads continue to tighten for recent CMBS issues as investors take on additional credit risk in search of more yields.  Long-term super-senior CMBS with an initial 9.5- to 10-year … Continue reading

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

1.26.13: Ballon Ice-Meter Predicts 9 Inches of Ice

Ok, I have been writing this e-newsletter for a little over two years, and we all need a break now and again.  Some people skydive, some go on safaris, bungy-jump, or whatever; I go ice fishing. To be specific, I … Continue reading

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

ValueXpress Arranges $3.9-Million CMBS Conduit Loan for the Refinance of a 71-Room LaQuinta Inn & Suites in Katy, TX

ValueXpress has arranged a $3.9-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2007 in Katy, TX. The property, a 4-story, 71-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites … Continue reading

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