Monthly Archives: March 2015

3.20.15: Report from the National Alliance of Commercial Loan Brokers (NACLB) Annual Conference and Expo

Over 300 loan brokers and lenders gathered at the Red Rock Hotel and Casino in Las Vegas, Nevada for the first annual National Alliance of Commercial Loan Brokers (NACLB) conference on Sunday, March 8. The conference was organized by Commercial … Continue reading

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3.18.15: CMBS Market Update – Prices Steady

The benchmark bonds in a $1.3-billion conduit offering led by Deutsche Bank and Cantor Fitzgerald priced at 86 basis points (bp) over swaps on Wednesday, March 18, matching the second-tightest level so far this year. The spread on long-term, super-senior … 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

3.11.15: . . . and the AAHOA Trade Show in Long Beach, CA Is Next for ValueXpress

On April 23-24, 2015 ValueXpress will be exhibiting at the annual Asian American Hotel Owners Association (AAHOA) Trade Show in Long Beach, California. ValueXpress will be located in Booth 559 at the Long Beach Convention Center noon-6:00 p.m. on Thursday, … Continue reading

Posted in AAHOA, CMBS Conduit Loans, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, SBA 7(a), The Banker's Mortgage Conduit, USDA B&I, Valuexpress | Tagged , , , , , , , , | Leave a comment

ValueXpress Arranges a $16,810,000 CMBS Conduit Loan for the Refinance of Two Apartment Buildings in West Des Moines, IA

ValueXpress has arranged a $16,810,000 CMBS conduit loan for the refinance of two apartment buildings located in West Des Moines, Iowa. The purpose of the loan was to buy out a partner. In addition, ValueXpress orchestrated the prepayment of the … 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

3.6.15: CMBS Prepayments on the Rise

Prepayment of CMBS conduit loans, primarily through defeasance, hit $20.9 billion in 2014, driven largely by refinancing that allowed borrowers to pocket cash well in excess of the defeasance cost. The majority of CMBS conduit loans are prepayable with a … Continue reading

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3.2.15: ValueXpress Establishes CMBS Conduit Relationship in Canada

“I was recently asked by one of my Commercial Capital Training Group (CCTG) students whether we provided CMBS conduit loans in Canada,” said Michael D. Sneden, Executive Vice President at ValueXpress. “I said we did prior to the market crash, … Continue reading

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2.25.15: CMBS Lenders Beginning to Differentiate Among Oil-Related Markets

We recently closed and continue to actively work on new CMBS conduit hospitality loans in Corpus Christi, Texas. Hotel owners are puzzled by all the concern about the potential decline in room demand as owners simply are not seeing it. … Continue reading

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