Monthly Archives: September 2013

9.20.13: CMBS Spreads Tighten Slightly as Swap Rate Falls

Spreads on new CMBS issues narrowed only slightly as financial markets rallied in response to the Federal Reserve’s surprise announcement that it would keep its massive bond-buying program running full-tilt. However, CMBS conduit loan borrowers still caught a break as … Continue reading

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9.17.13: For Hotels, Is the Party Over?

Two pervasive messages of the Lodging Conference held at the Arizona Biltmore on Tuesday were more qualitative than quantitative, despite the general mindset of commercial real estate investors to focus on numbers. The key takeaways? The hotel sector’s good times … Continue reading

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9.10.13: Decline of Enclosed Mall Appears Permanent

The demise of many big-box and department-store retailers has led to a decline in large enclosed malls that won’t reverse itself any time soon — if ever – according to panelists of the International Council of Shopping Center’s (ICSC) Western … Continue reading

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ValueXpress Obtains $15,470,000 CMBS Loan for a Hilton Garden Inn located in West Virginia

ValueXpress arranged financing for a select-service interior-corridor hotel constructed in 2009 located in Morgantown, West Virginia. The transaction was structured with a 10-year, fixed-rate term based on a 25-year amortization schedule. The property, owned by Mountain West Hospitality LLC, is … 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

9.6.13: 10-Year Swap Rate (Swap) Index Breaks 3%; Treasury Not Far Behind

Although 10-year Swaps and Treasury rates fell Friday after a softer-than-expected U.S. jobs report quelled market expectations that the Federal Reserve will imminently roll back its monetary stimulus, the Swap Index used to set CMBS loan rates broke the 3% … Continue reading

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9.3.13: Time to Get Creative with Earnouts

ValueXpress recently originated two CMBS loans on unstabilized properties in which the sponsors would not have received adequate loan proceeds based on the property’s limited historical operating statements. Working with a long-time CMBS lending partner with an aggressive entrepreneurial focus … Continue reading

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8.29.13: Off Track: Subway Franchisees Decry Deep Discounts

“Since we have provided numerous SBA loans to Subway sandwich shop owners and as a subscriber to the $5.00 foot-long bargain myself, I found this New York Post article written by Josh Kosman intriguing and thought I would share parts … Continue reading

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