Monthly Archives: October 2014

10.17.14: Treasury and Swap Rates Go on a Wild Ride!

Everyone involved in the origination and underwriting of CMBS conduit loans or the creation and selling of CMBS securities backed by the loans is keenly aware of the swap market. The swap rate is integral to the interest rate charged … Continue reading

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

10.14.14: Will Declining Oil Prices Affect CMBS Conduit Loans in North Dakota?

After declining gradually for three months, oil prices suddenly tumbled almost $4 on October 14. It was the largest single-day decline in more than a year, and it brought the price of Brent crude, an international benchmark, to $85 per … 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

10.6.14: Alleged Orlando Loan Originator Fraud Paralyzes USDA Secondary Market

Similar to the SBA 7(a) program, the U.S. Department of Agriculture (USDA) operates a loan guarantee program to promote business growth in rural areas of the country. The most popular program is the Business and Industry (B&I) Guaranteed Loan Program. … Continue reading

Posted in CMBS, Commercial Mortgage-Backed Securities, Michael D. Sneden, News & Recent Closings, SBA 7(a), The Banker's Mortgage Conduit, USDA B&I, Valuexpress | Tagged , , , , , , , | Leave a comment

ValueXpress Obtains a $22-Million CMBS Conduit Loan Secured by the 207-Room Four Points by Sheraton – San Jose South

ValueXpress has arranged a $22-million CMBS conduit loan for the refinance of a Four Points by Sheraton hotel located in San Jose, California in the heart of Silicon Valley. The hotel is a three-story, interior corridor, full-service hotel constructed in … 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

10.3.14: 2014 CMBS Volume on Pace to Exceed Last Year

After tracking slightly behind last year’s pace, an active third quarter allowed year-to-date CMBS issuance to exceed last year for the first time. According to Commercial Mortgage Alert, worldwide third-quarter CMBS issuance totaled $71.2 billion, up from $69.0 billion a … 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

9.29.14: Franchise Expirations an Issue for CMBS Conduit Loans

The buyers of the most risky bonds in the CMBS structure (commonly referred to as the b-buyer) have the right to review all the loans in a CMBS pool in which they buy the bonds in the riskiest position. As … 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

9.21.14: Update on Apartment Vacancy Rates

Reis reported that the apartment vacancy rate of 4.1% was unchanged in the second quarter of 2014. In the second quarter of 2013 (a year ago) the vacancy rate was 4.3%. And the rate peaked at 8.0% at the end … Continue reading

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