Monthly Archives: September 2014

9.19.14: It’s a Split Decision for CMBS

In an interesting twist to the structure of CMBS conduit offerings, the junior AAA-rated class of some recent offerings has split ratings for the first time. The junior AAA-rated class is the second most senior class of CMBS, a notch … Continue reading

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9.15.14: Judge Rejects Lawsuit Motion in AAHOA Rift

A federal court judge has ruled against individuals seeking to remove the entire Asian-American Hotel Owners Association (AAHOA) Board of Directors. In a recent ruling, Judge Harold Murphy rejected the plaintiffs’ motion citing long-standing law the showed the plaintiffs had … Continue reading

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

9.10.14: Watch Your Alignment!

We recently were delayed in closing a number of hotel loans due to a recurring issue. Often hoteliers, primarily those involved in the construction of smaller (less than $10 million) limited-service hotels, obtain their franchise agreement well in advance of … 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

ValueXpress Obtains a $4,200,000 CMBS Conduit Loan Secured by a 71-Unit Apartment Complex Located in Bowling Green, KY

ValueXpress arranged a $4.2-million CMBS conduit loan on a 71-unit multi-family garden apartment property located in Bowling Green, Kentucky. The property consists of ten two-story apartment buildings. The property, constructed in 2007 on a 6.4-acre site, was 100% occupied at … Continue reading

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9.5.14: CMBS Market Update and August Review

CMBS spreads are slowing declining after widening dramatically in August; however, the market did not see a new multi-borrower conduit deal price after mid-August, so dealers noted that the spread improvement was based on secondary market trades. The last new … Continue reading

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9.2.14: Credit Union Lending Way Up

The Wall Street Journal recently reported that U.S. credit unions are stepping up lending aggressively, posting loan growth of 9.8% in the second quarter of 2014, according to data released by the National Credit Union Administration (NCUA). That easily surpassed … 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

8.27.14: Atlantic City, N.J. Casinos Closing: What’s the Future?

Atlantic City officials, the State of New Jersey and its residents wonder about the fate of Atlantic City and the rest of its gambling palaces as the Revel Hotel and Casino closed its doors on Monday after the Showboat Casino … Continue reading

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