Monthly Archives: March 2013

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

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

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

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

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

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

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

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