Monthly Archives: July 2014

7.23.14: Standard and Poor’s in Hot Water over CMBS Ratings

The Wall Street Journal reported that the Securities Exchange Commission (SEC) notified Standard and Poor’s Rating Services (S&P) that it could face an enforcement action for alleged securities fraud regarding six commercial real-estate securities deals in 2011. It was not … 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

7.14.14: Out-of-Market SBA Lending on the Rise

American Banker recently reported that more community banks are offering Small Business Administration (SBA) loans far beyond their local markets, hoping that the income boost outweighs the long-term risk of lending in unfamiliar regions. Strong demand for SBA loans and … Continue reading

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

ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX

ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a Red Roof Inn constructed in 2008 and a $3.6-million loan for a Days Inn hotel constructed in 1978 (renovated in 2009-2012); both are located in Laredo, Texas. … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Mike Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

7.12.14: A ValueXpress Success Story

“I wanted to share with readers a recent experience that typifies our mission to help clients and why I come to work every day,” said Michael D. Sneden, Executive Vice President at ValueXpress. ValueXpress recently received a loan request from … 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

7.10.14: CMBS Conduit Loan Originations Explode on Lower Rates

“Commercial Mortgage Alert” recently reported that CMBS issuance dropped 8% in the first half of 2014 versus a year ago. The decline was blamed on competition from the community banking system, which is now hungry for commercial real estate loans … 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

7.1.14: Sizing Cheat Sheet for Non-Recourse Hotel Construction Loans

We recently had a conference call with our non-recourse construction lender who laid out a nifty concept to perform a “rough and dirty” loan sizing for hotel construction loans. ValueXpress will be converting these instructions into a simple model that … Continue reading

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