Monthly Archives: January 2015

1.23.15: Please Don’t Pay Up-Front Fees to Brokers on CMBS Conduit Loans

We recently received an email from a CMBS conduit loan borrower who wanted us to forward important information to our clients to protect them. The client is seeking a CMBS conduit loan in an oil-related market for a limited service … Continue reading

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1.19.15: Meet Me at the MBA in San Diego, CA

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 Manchester Grand Hyatt in San Diego, California February 1-4, 2015. The … Continue reading

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

1.13.15: S&P Gets a Time Out

In its first enforcement action against a major rating agency, the Securities and Exchange Commission (SEC) accused S&P of fraudulent misconduct, saying S&P loosened standards to drum up business in recent years. The agreement requires S&P to pay more than … 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

ValueXpress Arranges $11-Million CMBS Conduit Loan for the Refinance of a 161-Room Staybridge Suites Hotel in Austin, TX

ValueXpress has arranged an $11-million CMBS conduit loan for the refinance of a Staybridge Suites constructed in 2009 located near the Austin Bergstrom International Airport in Austin, Texas. The property, a 4-story, 161-room interior-corridor hotel, was constructed by the sponsors … Continue reading

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1.9.15: Another Solid Year for ValueXpress

ValueXpress completed 35 CMBS conduit loan transactions in 2014 with a principal balance of over $225 million. Average loan size approximated $7 million. Hospitality loans were most prevalent, but transactions were completed for every CMBS conduit loan asset class — … 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

1.6.15: Market Awaits New CMBS Deals to Clarify Pricing

On December 12, UBS, Deutsche Bank, CCRE, KeyBank and others priced the benchmark AAA-rated class of a $825-million multi-borrower CMBS conduit offering at 90 basis points (bp) over swaps, above the upper end of the 85-87 bp range that was … Continue reading

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1.1.15: Industry Pros Bullish on 2015 CMBS Originations

With relatively low interest rates, strong market appetite for CMBS securities and the beginning of a period of high CMBS conduit loan maturities, originators are predicting strong CMBS conduit loan growth in 2015. Forecasts are for approximately $125 billion in … 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