Monthly Archives: April 2013

4.19.13: This Is What It’s All About

ValueXpress recently closed a $17-million hotel portfolio secured by three hotels located in metropolitan New Orleans, LA. The sponsor was facing a $66,000 penalty if the transaction did not close by April 18. Here is what he had to say: … Continue reading

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

4.16.13: CMBS Spreads Do an About Face

After spreads widened on a recent UBS-Barclays CMBS transaction that priced on April 11, commercial MBS buyers snatched up three multi-borrower offerings totaling $3.4 billion this week, pushing spreads tighter with the pricing of each transaction, according to Commercial Mortgage … 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

4.10.13: Jay Bhakta Heads Back to Texas

After returning to home base in Jackson, MS to regroup for a week, Jay Bhakta, a Senior Loan Originator at ValueXpress for over 15 years, headed back to Texas to follow up on a substantial amount of pending business in … Continue reading

Posted in AAHOA, 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

ValueXpress Arranges $17 Million of CMBS Conduit Loans for the Refinance of a 130-Room Holiday Inn – Westchase in Houston, TX and a Holiday Inn Express in Webster, TX

ValueXpress arranged two separate loans for a repeat client who owns two hotels in the Houston, TX metropolitan area. The first loan was a $10.7-million CMBS conduit loan for the refinance of the full-service Holiday Inn – Westchase constructed in … Continue reading

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

4.5.13: AAHOA Show an Enormous Success

The ValueXpress booth was bustling with activity on March 28-29, 2013 at the annual Asian American Hotel Owners (AAHOA) Trade Show in Houston, TX.   Over 3,000 attendees visited the trade show at the George R. Brown Convention Center. “This year, … Continue reading

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

3.29.13: Raj Patel Wins Authentic 24-K Gold-Plated $100 Bill at AAHOA Show

Hotel owner Raj Patel won a 24-karat gold-plated $100 bill at the ValueXpress booth at the Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Houston, TX last week. Over 500 cards were submitted for the ValueXpress drawing, which we … Continue reading

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

3.26.13: CMBS Issuance Soars in 2013’s First Quarter

From January through March 2013,  $22.9 billion of commercial mortgage-backed securities were issued, up almost fourfold from a year earlier, according to Commercial Mortgage Alert. That puts volume on pace to surpass $90 billion for the year, well above 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