Monthly Archives: March 2013

3.22.13: I Can’t Believe It’s Been 10 Years!

Posted on March 25, 2013 by valuexpressllc

ValueXpress was very active in CMBS originations in 2003; after the shock of the events of September 11, 2001 began to lift from the commercial real estate markets 2002 and 2003 began a strong period of growth in CMBS originations:  … Continue reading →

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

3.14.13: Dave Wood of Residential Home Funding Wins Nook Tablet at Regional Conference of MBAs Convention & Trade Show

Posted on March 25, 2013 by valuexpressllc

Mortgage Banker Dave Wood won a new Nook HD 8 GM Tablet e-reader at the ValueXpress booth at the Regional Conference of MBAs Convention & Trade Show. Held March 10-14 at the Trump Taj Mahal Casino Resort in Atlantic City, … Continue reading →

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

3.11.13: Rising Property Values, Low Rates Spur Increase in Defeasance

Posted on March 25, 2013 by valuexpressllc

More borrowers are using defeasance to release properties from securitized mortgages so they can take advantage of improving market conditions to sell or refinance the assets, according to Commercial Mortgage Alert. Some $5.9 billion of U.S. loans in commercial MBS … Continue reading →

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

ValueXpress Arranges $6.6-Million CMBS Conduit Loan for the Refinance of a 102-Room Holiday Inn Express in Port Clinton, OH

Posted on March 25, 2013 by valuexpressllc

ValueXpress has arranged a $6.6-million CMBS conduit loan for the refinance of a 3-story Holiday Inn Express hotel constructed in 2000 and renovated in 2011.  The hotel is located in the Port Clinton-Catawba Island area on the southern shore of … Continue reading →

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

3.8.13: CMBS Spreads Continue to Widen Amid Heavy Supply

Posted on March 12, 2013 by valuexpressllc

Spreads on CMBS widened on mezzanine bonds from recent CMBS offerings floated by J.P. Morgan/CIBC and Wells Fargo/RBS this week.  The junior triple-A bonds in the J.P. Morgan/CIBC deal priced at 110 basis points (bp), and comparable notes in the … Continue reading →

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

3.4.13: ValueXpress Exhibiting at AAHOA Trade Show in Houston, TX

Posted on March 12, 2013 by valuexpressllc

On March 28-29, 2013 ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in Houston, TX. ValueXpress will be located in Booth 736 at the George R. Brown Convention Center noon-6:00 p.m. on both Thursday, … Continue reading →

Posted in AAHOA, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, USDA B&I, Valuexpress | Tagged , , , , , , , , | Leave a comment

3.1.13: ValueXpress to Exhibit at 2013 Regional Conference of MBAs

Posted on March 12, 2013 by valuexpressllc

On Tuesday, March 12 and Wednesday, March 13, ValueXpress will be exhibiting at the Regional Conference of MBAs Convention and Trade Show in Atlantic City, N.J. at the Trump Taj Mahal Casino Resort. Stop by Booth 5 at the Taj … Continue reading →

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, USDA B&I | Tagged , , , , , , , , , , , | Leave a comment

ValueXpress Obtains $8-Million CMBS Conduit Loan for a 175-Room Best Western Plus in Baltimore, MD

Posted on March 12, 2013 by valuexpressllc

ValueXpress obtained an $8-million first-mortgage loan that was utilized to refinance existing debt secured by a 175-room Best Western Plus hotel and convention center located in Baltimore, MD.  The 3 Diamond AAA hotel is a 12-story, interior corridor hotel that … Continue reading →

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

2.26.13: CMBS Spreads Widen; Borrower Spreads Increase

Posted on March 1, 2013 by valuexpressllc

Amid a flood of issuance (see this article) long-term super-senior CMBS spreads have widened from the levels experienced in early February. Long-term super-senior CMBS with an initial 9.5- to 10-year life had seen spreads steady at 72 basis points (bp) … Continue reading →

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

2.22.13: SBA Develops 10-Tab Submission Tool for 7(a) Loans

Posted on March 1, 2013 by valuexpressllc

As part of its continuing effort to provide excellent customer service, the 7(a) Loan Guaranty Processing Center (LGPC) has developed a 10-Tab Submission tool to streamline the submission of all loan applications processed at the LGPC. Historically, the LGPC has … Continue reading →

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