Monthly Archives: December 2013

12.27.13: Transaction Highlights for 2013

ValueXpress completed 30 CMBS conduit loan transactions in 2013 with a principal balance of over $200 million. Average loan size approximated $7 million. Hospitality loans were most prevalent, but transactions were completed for every CMBS conduit loan asset class — … Continue reading

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

12.23.13: ValueXpress Advises on $71 Million in CMBS Purchases in 2013

ValueXpress advised its affiliate, Country Bank, on the purchase of $71 million of CMBS securities in 2013 that included 19 separate transactions from 18 CMBS issues. Each of the 18 issues was analyzed in detail by ValueXpress under the direction … 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

12.19.13: Will CMBS Conduit Loans for “Micro Apartments” Be the Next Rage?

In recent years, officials in many of the nation’s most expensive housing markets have embraced “micro apartments” as a way to provide less-expensive housing for young renters. They are betting that the tiny apartments — generally the size of a … Continue reading

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

ValueXpress Originates $200 Million of CMBS Conduit Loans in 2013

ValueXpress originated $200 million of CMBS conduit loans in 2013. The loans were secured by multifamily, retail, office, self-storage and hospitality properties. The loans were included in nine CMBS issues sold in 2013 with a total principal balance in excess … Continue reading

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

12.13.13: CMBS Spreads Hold Steady Amid Flurry of Offerings

CMBS prices are holding firm as dealers shop three CMBS deals totaling $3.22 billion, each with distinct loan underwriting characteristics and collateral quality. The three conduit offerings are a $1.1-billion deal by Deutsche Bank, Cantor Fitzgerald, KeyBank and Liberty Island … 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

12.10.13: CMBS Conduit Shops Offering Tight Spreads for Low Leverage Deals

Multiple CMBS conduit loan originators have recently announced lower spreads for low leverage transactions on higher balance loan amounts, generally greater than $10 million. A typical announcement we just received from one of our partners: As an additional programmatic expansion … 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

12.6.13: Fiscal 2014 SBA Loan Volume Struggles to Gain Traction

This week SBA published its regular “Lending Statistics for Major Programs” as of December 6. This report provides rolling performance statistics periodically for the 7(a) and 504/CDC loan programs, broken down by the respective categories of minority participation and policy-targeted … Continue reading

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