Monthly Archives: August 2013

8.23.13: Changes Around the Corner for Environmental Site Assessments

Nearly all CMBS lenders obtain a Phase I Environmental Site Assessment report as part of the property diligence process. EMG, an industry leader in delivering Phase I Environmental Assessments and a member of the ASTM E50 Committee, reports that the … Continue reading

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

8.19.13: In Bustling Houston, It’s a Case of “Build, Baby, Build!”

HOUSTON/NEW YORK (Reuters): With Texas one of the few bright spots in the U.S. economy, the skyline of swaggering Houston is where the action is as builders and global oil companies, from Phillips 66 to Exxon Mobil Corp, look past … Continue reading

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

8.14.13: SBA Compliance Review — Critical Issues

Lenders need to monitor some missteps that could mean a possible impairment to the SBA guaranty and should be taken seriously when making, closing, and servicing an SBA loan portfolio should the lender be audited by the SBA. Examples of … Continue reading

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

ValueXpress Obtains $6.5-Million CMBS Conduit Loan Secured by 2 Apartment Complexes Located in Biloxi, MS

ValueXpress obtained a $6.5-million CMBS conduit first-mortgage loan secured by two apartment complexes in Biloxi, MS. Woodlands Apartments is a 118-unit garden-style complex built in 1974 and renovated in 2012. The property was 90% occupied at closing. The second property, … Continue reading

Posted in CMBS, 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

8.9.13: Market Swallows Flood of CMBS Issues at Tighter Spreads

CMBS buyers returned to the market to gobble up the latest wave of multi-borrower offerings – four deals totaling more than $4 billion. Furthermore, prices generally tightened on each issuance. Now, new-issue prices on benchmark paper from commercial MBS offerings … Continue reading

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

8.7.13: Blackstone Is Expected to Sell Hilton in IPO

As private equity firms rush to cash in on their investments, the Blackstone Group is moving to sell one of the biggest companies to go private in recent years. Hilton Worldwide, the hotel giant that Blackstone bought six years ago, … Continue reading

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

7.30.13: SBA Chief Karen Mills Leaving with No Replacement Named

When Karen Mills announced in February that she would not stay on for a second term as head of the U.S. Small Business Administration (SBA), she still planned to remain in her post until the government agency named a replacement. … Continue reading

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

ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX

ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a Red Roof Inn constructed in 2008 and a $3.6-million loan for a Days Inn hotel constructed in 1978 (renovated in 2009-2012); both are located in Laredo, Texas. The … Continue reading

Posted in 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

7.26.13: Small Balance, Higher Leverage CMBS Loans Available

Higher leverage CMBS conduit loans are now available for small balance (greater than $5 million) transactions utilizing a first mortgage and mezzanine loan combination that is seamless to the borrower. Leverage can be up to 75% for hospitality properties and … 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

7.24.13: CMBS Prices Rise Before Next Wave of Offerings

Commercial MBS values continued to slowly move upward during the week of July 22 as issuers began marketing or prepared to roll out four offerings totaling more than $2.5 billion, according to Commercial Mortgage Alert. On Friday, Bank of America, … 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