Monthly Archives: January 2014

1.24.14: ValueXpress to Participate in AAHOA’s Inaugural “Deal Connection”

As 1 of only 20 “by invitation” sponsors, ValueXpress has committed be a part of the Asian American Hotel Owners Association (AAHOA) inaugural “Deal Connection.” The event – Turning Silver into Gold – will occur during the 2014 AAHOA Annual … Continue reading

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1.21.14: ValueXpress to Assist in Marketing Program for CCTG

Due to an overwhelming request for marketing support by graduates of the Commercial Capital Training Group (CCTG) program, ValueXpress will develop marketing material for graduates to use when pitching CMBS conduit loans to their clients. In collaboration with Jon Cosentino … Continue reading

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

1.15.14: J.C. Penney to Close 33 Stores

J.C. Penney said it will close 33 underperforming stores and lay off 2,000 employees as the venerable but troubled retailer continues a sweeping turnaround effort. Penney said the closings are part of its turnaround, which began in April when Myron … Continue reading

Posted in CMBS, CMBS Securities, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , | 1 Comment

ValueXpress Obtains $2.685-Million SBA 7(a) Loan Commitment for a LaQuinta Inn & Suites Hotel in Walker, LA

ValueXpress obtained a $2.685-million SBA 7(a) first-mortgage loan commitment with its banking partner, Fidelity Bank, for a 3-story, 65-room limited-service franchised hotel located in Walker, Louisiana. The hotel is situated in the Denham Springs region of eastern Louisiana; this small … Continue reading

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1.10.14: Meet Me at the MBA in Orlando, FL

Michael D. Sneden, Executive Vice President of ValueXpress, will be representing the firm at the Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention and Expo at the Hyatt Regency in Orlando, Florida February 2-5, 2014. The convention is … 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

1.9.14: Buyers Grab CMBS from Year’s First Issue

CMBS buyers returned to the market in early 2014 to gobble up the year’s first issue, a $1.4-billion offering by Deutsche Bank, Nataxis, Cantor Fitzgerald and Liberty Island. The long-term, super-senior bonds priced at 87 basis points (bp) over swaps, … Continue reading

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12.31.13: Conduit Loan Maturities in 2014 Present an Opportunity

Following the maturity of approximately $375 billion of commercial loans in 2013 held by CMBS trusts, banks, insurance companies and other financial institutions, Berkadia and Trepp estimate another $350 billion is coming due in 2014 and roughly $1.4 trillion in … Continue reading

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