Monthly Archives: May 2013

5.17.13: A ValueXpress Trademark – The Weekly Conference Call

A signature of ValueXpress CMBS conduit deals is the weekly conference call.  At the beginning of each transaction, a working party list including borrower and borrower’s counsel and lender’s counsel and lender’s underwriting team is distributed and a set weekly … Continue reading

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

5.13.13: ValueXpress to Sponsor Volleyball Tournament in Houston, TX

On Saturday and Sunday, May 25-26, 2013 ValueXpress will be sponsoring a Volleyball Tournament at Spike Sports Club on Gessner Road in Houston, TX.  The tournament features 350 players, primarily Asian-American hoteliers from Texas, Louisiana and Mississippi, on 32 teams. … Continue reading

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

5.9.13: A River Runs Through It

One the amazing things about commercial mortgage lending is how something totally out of left field can crop up to delay or derail a financing.  Sure, there is the old saying “time kills deals,” in which the passage of time … Continue reading

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

ValueXpress Obtains $17-Million CMBS Conduit Loan for a Portfolio of 3 Hotels Located in Metropolitan New Orleans, LA

ValueXpress obtained a $17-million first-mortgage loan that was utilized to refinance existing debt and provide cash-out proceeds secured by a portfolio of three extended-stay hotels located in metropolitan Louisiana: the Suburban Extended Stay, La Place, LA; the Suburban Extended Stay, … Continue reading

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

5.4.13: CMBS Delinquency Plummets

In April, the Trepp CMBS delinquency rate posted its lowest reading in more than two years: The 47-basis-point (bp) drop was the biggest one-month gain since Trepp began publishing the number in the fall of 2009. All major property types … Continue reading

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

4.29.13: ValueXpress to Sponsor Golf Tournament in San Antonio, TX

On Wednesday, May 29, 2013 ValueXpress will be a Gold Sponsor for the 8th Annual San Antonio Hotel Owners Association Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, TX.  This 130-person event kicks off the Texas … Continue reading

Posted in AAHOA, CMBS Conduit Loans, 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

4.24.13: Office Vacancy Struggling to Get Traction in New Jersey

According to the N.J.-based Star-Ledger, economists gauging the recovery in New Jersey can look to commercial real estate as an indicator. What they’ll find is a market that has been stagnant and struggling to get traction since the mid-2000s. And … Continue reading

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