Monthly Archives: June 2013

6.14.13: CMBS Shops Challenged to Hold Spreads in Tough Market

CMBS conduit loan interest rates, typically set at closing, are based on two numbers added together: the 10-year Swap Rate (Swap) Index and the “Spread” (an amount added to the Swap based on current CMBS bond prices and a profit … Continue reading

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6.11.13: 8th Annual SAHOA Golf Tournament and Trade Show Big Success

On Wednesday, May 29, 2013 ValueXpress was among the sponsors for the 8th Annual San Antonio Hotel Owners Association Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, TX. 130 golfers took to the links under threatening … Continue reading

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

6.4.13: CMBS Lenders Offering Bridge Loans for Construction/Renovation/Repositioning

CMBS shops are using all their know-how in structuring fixed-rate CMBS conduit loans and applying this to bridge loans to capture attractive short-term investment yields and secure an opportunity to provide a fixed-rate CMBS conduit loan once the construction/renovation/repositioning period … Continue reading

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ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH

ValueXpress obtained a $9.75-million first-mortgage loan that provided a significant pay down of portfolio debt secured by two hospitality properties located in Sandusky, OH, the Best Western Plus – Sandusky and the Comfort Inn – Sandusky.  Both properties are located … Continue reading

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5.31.13: Swaps Widen Based on Bernanke Comments

The 10-year Swap Rate (Swap), the index used to set the interest rate for CMBS conduit loans, recently widened and is now above its 2013 range. For most of 2013 to date, the Swap has traded within a range of … Continue reading

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5.27.13: Single-Borrower CMBS Transactions in Vogue Despite Rating Agency Disagreement

Issuance of single-borrower CMBS deals so far this year has reached $12.1 billion, more than the $10.1 billion issued in all of 2012, according to data from Commercial Mortgage Alert. Assisting in the rise of the single-loan asset securitization market, … Continue reading

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5.22.13: Fannie Mae and Conduit Rates Converging for Multifamily

With Fannie Mae’s recent 10-basis-point increase in fees it charges lenders to guarantee loans and the continued decline in CMBS conduit rates, the rate gap between the two multifamily products is diminishing, particularly for smaller balance (under $10 million) loans … Continue reading

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