Monthly Archives: July 2013

7.12.13: CMBS Delinquency Plummets

In June, according to Trepp, the CMBS delinquency rate posted its lowest reading in almost three years. The 42-basis-point (bp) drop in the delinquency rate was the biggest one-month improvement since Trepp began publishing a monthly rate in fall 2009. … 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

7.9.13: Swap Rates and Loan Spreads Stabilize…for Now

After the 10-year Swap Rate (Swap) Index used to set CMBS conduit rates jumped from 2.37% to 2.60% on June 19 while Federal Reserve Chairman Bernanke spoke at a press conference and further spiked to 2.86% on Monday, June 24, … Continue reading

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

7.3.13: New SBA Change-of-Ownership Rules

On July 1, 2013, the Small Business Association (SBA) released a revision to SOP 50 10 5(E) that revised and clarified the SBA’s requirements for financing change-of-ownership transactions with SBA-guaranteed loans. Prior to this revision, the SBA had restricted SBA … Continue reading

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ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 73-Room LaQuinta Inn & Suites in Grand Praire, TX

ValueXpress has arranged a $5-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2009 in Grand Prairie (Dallas/Fort Worth), Texas. The property, a 4-story, 73-room interior-corridor hotel, is constructed by the sponsors to LaQuinta … Continue reading

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6.30.13: Bob Taylor Joins ValueXpress

Bob Taylor, a 15-year veteran in commercial real estate lending, has joined ValueXpress effective July 1. Bob will be primarily responsible for commercial loan originations in the western portion of the United States.  Bob will be based in Salt Lake … Continue reading

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

6.26.13: Prudential’s Lillard Says Buy CMBS as Bonds Overreacted

Prudential Financial Inc.’s Michael Lillard said investors should buy commercial mortgage-backed securities and other bonds that fell on concerns the U.S. Federal Reserve will slow its pace of debt purchases. The increase in yield provided by CMBS, emerging-market debt, high-yield … Continue reading

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

6.24.13: CMBS Borrowers Shell Shocked over Rapid Rise in Rates

Borrowers are struggling to come to grips with what happened to CMBS loan rates over just a few days since Ben Bernanke spoke at a press conference on Wednesday, June 19.  The 10-year Swap Rate (Swap) Index used to set … Continue reading

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