Monthly Archives: July 2015

7.24.15: SBA 7(a) Program Shuts Down

The SBA 7(a) loan program has reached its authorized ceiling of $18.75 billion for the fiscal year ending September 30, 2015 and therefore has shut down until the new fiscal year begins on October 1, 2015 or until Congress increases the … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 7(a), SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

7.20.15: PKF Hospitality Research Issues U.S. Lodging Forecast

The outlook for the U.S. lodging industry continues to be extremely strong, according to the recently released June 2015 edition of PKF Hospitality Research’s (PKF-HR, a CBRE company) Hotel Horizons®. The report forecasts that U.S. hotels will continue to enjoy … Continue reading

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7.15.15: Apartment Construction Is Booming

When Jess Eymann moved to Denver fresh out of college she considered buying a condo, but ultimately decided to rent an apartment instead. “There’s just not a lot out there to buy. Properties that I looked at weren’t really what … Continue reading

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ValueXpress Obtains $6-Million CMBS Conduit Loan for the Refinance of Upper and Lower Stone Apartments in Bowling Green, KY for CCTG Grad

ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a 108-unit apartment development located in Bowling Green, Kentucky. Owned locally by three real estate professionals, the project was constructed in 2012-2015. The project is 100% occupied. The … 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

7.10.15: ValueXpress-Sponsored Team Wins Cricket Tournament

PanAm “A” defeated Corpus Christi “A” in the 2015 Bhakta Invitational Cricket Tournament held in Dallas, Texas on July 2-6. ValueXpress sponsored PanAm “A” as well as was a tournament sponsor. Over 600 participants and guests attended the event. Matches … Continue reading

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7.7.15: Anil Vasani Joins ValueXpress

Anil Vasani, a 20-year veteran in commercial real estate lending, joined ValueXpress effective July 1. Anil is primarily responsible for commercial loan originations focused on CMBS conduit loans in the Mid-Atlantic States, including New York, New Jersey, Pennsylvania and states … Continue reading

Posted in CMBS, CMBS Conduit Loans, 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

7.1.15: Current Loan Applications Require “A Conversation with the Borrower”

The loan spread in many CMBS conduit loan term sheets executed by borrowers in the past few weeks is not at levels that can be closed profitably, leaving lenders and mortgage brokers in a quandary as to what to do. Loan … 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