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 — multifamily, retail, office, self-storage and hospitality.

“2014 was a fairly typical year for us,” commented Michael D. Sneden, Executive Vice President of ValueXpress. “In periods of market stability, our originations are typically in the $200-million area, with average loan size of about $5 million, and we close three to four loans a month. We continue to successfully focus on the small balance ($3-$15 million) market to lend our expertise to borrowers and intermediaries who are not terribly experienced in the CMBS conduit loan origination process.”

“We expect 2015 to be more of the same: $200 million-plus in originations, mostly refinancing of maturing loans or cash-out refinancing of existing loans,” noted Gary Unkel, Senior Originator at ValueXpress. “The large pool of maturing CMBS conduit loans in 2015 will provide an opportunity to refinance those loans into another CMBS conduit loan.”

“In 2015, we also expect to increase CMBS conduit loan originations from the graduates of Commercial Capital Training Group (CCTG), in which ValueXpress is the preferred CMBS conduit loan partner,” commented Sneden, an educator at the school. “The school graduated over 120 professionals in 2014 who are now pounding the pavement for CMBS conduit loans for ValueXpress to process.”

 

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This entry was posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress and tagged , , , , , , , , , , . Bookmark the permalink.

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