Monthly Archives: October 2013

10.18.13: Kevin Monahan, 1960-2013

On Friday, October 11th, we lost a dear friend and colleague, Kevin Monahan, to pancreatic cancer. I met Kevin in 2005 when he worked at Business Loan Express (BLX) as a Business Development Officer (BDO). We worked together on a … Continue reading

Posted in Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 7(a), The Banker's Mortgage Conduit, Valuexpress | Tagged | Leave a comment

10.14.13: Spreads and Rates Stable After Morgan Stanley Prices CMBS Issue

On October 10, Morgan Stanley and Bank of America (BoA) priced a $1.3-billion CMBS issue that allowed CMBS loan originators to breathe a sigh of relief as the transaction’s spreads were more in line with those of three multi-borrower CMBS … Continue reading

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

10.9.13: ValueXpress Enters New Relationship for Small Balance CMBS Loans

ValueXpress recently cemented a relationship with a CMBS lender to originate CMBS loans as small as $2 million. The program features the typical terms of larger CMBS loans and is eligible for all the asset classes covered by larger loans, … 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

ValueXpress Arranges $6.3-Million Combination CMBS Conduit Loan and Mezzanine Loan for the Refinance of 103-Room Cambria Suites in Indianapolis, IN

ValueXpress has arranged a $6.3-million CMBS conduit for the refinance of a four-story Cambria Suites hotel constructed in 2008 by the sponsor. The hotel is located in Indianapolis, Indiana, approximately 10 miles from Indianapolis International Airport. The hotel is located … Continue reading

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10.4.13: SBA Sidelined by Government Shutdown

It’s October 1 and through failure of Congress to enact a fiscal budget or a continuing resolution to authorize federal spending, all parts of the federal government not deemed “essential” halted operations effective midnight last night. According to Bloomberg BusinessWeek’s … 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, Valuexpress | Tagged , , , , , , , | Leave a comment

10.1.13: U.S. CMBS Delinquency Report: Rate Declines Sharply in September, Continuing Year-Long Trend

According to Trepp, the CMBS delinquency rate continued its impressive decline in September, marking the fourth consecutive month the rate has fallen. In doing so, the commercial real estate markets shrugged off worries about Syria, the debt ceiling, and the … Continue reading

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9.24.13: SBA Releases SOP 50 10 5(F) Lending Guidelines

On September 24, SBA released SOP 50 10 5(F) to the SBA lending community. This SOP (Standard Operating Procedure), effective on January 1, 2014, contains several significant changes to SBA’s requirements in connection with its loan programs. Many of the … Continue reading

Posted in Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 504, SBA 7(a), SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment