Monthly Archives: June 2014

6.27.14: Super-Senior CMBS Spreads Continue to Decline

On June 19, Deutsche Bank and Cantor Fitzgerald priced the benchmark class of a $996.3-million multi-borrower CMBS conduit offering at the tightest spread in more than a year. The benchmark class of the Deutsche-Cantor deal priced at 78 basis points … 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

6.24.14: ValuXpress Finishes CMBS Marketing Material for CCTG Grads

ValuXpress has completed a new CMBS marketing flier for Commercial Capital Training Group (CCTG) graduates to use in conjunction with marketing materials developed for other lending programs. The flyer can be utilized as a “click-to” on grads’ websites. For example, … Continue reading

Posted in 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

6.17.14: A Look at Empty Office Space in Northern/Central New Jersey

The Star-Ledger, New Jersey’s largest newspaper, recently published an article that examines the direction of office demand in Northern and Central New Jersey. It provides some takeaways for office demand trends in other suburban markets. Since office properties are a … 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

ValueXpress Obtains a $9.5-Million CMBS Conduit Loan to Take Out $7.5-Million Bridge Loan for a 94-Room Hampton Inn and Suites in the Dallas-Fort Worth Metroplex

ValueXpress obtained a $9.5-million CMBS conduit loan to take out a $7.5-million bridge loan obtained by ValueXpress in December 2013. The bridge loan refinanced a construction loan that was utilized to build a 94-room Hampton Inn hotel that opened in … 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

6.13.14: ValueXpress to Offer Fixed-Fee CMBS Program

ValueXpress is putting the final touches on a fixed-fee CMBS conduit loan program for small-balance CMBS conduit loans with a banking partner. Applications are being accepted now and transactions are expected to close within 60 days. The program caps transaction … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , | 1 Comment

6.12.14: Super-Senior CMBS Spreads Decline to 16-Month Low

The super-senior benchmark AAA-rated class of a multi-borrower CMBS conduit offering led by J.P. Morgan priced on June 12 at the tightest level since February 2013. The benchmark class priced at 79 basis points (bp) over swaps. The last time … 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

6.4.14: Relaxed CMBS Conduit Underwriting Benefits Borrowers

Lower underwriting standards and competition for CMBS conduit loan are helping borrowers in many ways to lower transaction costs. Here are some interesting trends. – Fixed-fee CMBS conduit loan programs (see our 6.13.14 news comment “ValueXpress to Offer Fixed-Fee CMBS … 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