Monthly Archives: October 2015

10.16.15: Charley Lobetti Joins ValueXpress

Charley Lobetti, a 20-year veteran in commercial real estate lending, joined ValueXpress effective October 1. Charley is primarily responsible for commercial loan originations focused on CMBS conduit loans in what is known as the East-South-Central United States, including the states … Continue reading

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

10.12.15: Will Flooding Affect CMBS Conduit Loans in South Carolina?

About $5.62 billion of loans in commercial mortgage-backed securities (CMBS) could be adversely affected by recent record flooding in South Carolina. President Obama declared a state of emergency covering the entire state and ordered federal aid to help the recovery, … 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

10.7.15: Interest-Only Periods Can Be Helpful in CMBS Conduit Loans

Unlike many commercial loan programs, CMBS conduit loans can provide for partial interest-only loan payments as well as full-term, interest-only loan payments for lower leverage loans. This structure provides for higher cash flow after debt service to the sponsor, and … 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

ValueXpress Obtains $7,340,000 CMBS Conduit Loan for Refinance of a 69-Room Full-Service Holiday Inn Express Located in Rockport, TX

ValueXpress arranged a $7.34-million CMBS conduit first-mortgage loan utilized to refinance a 69-room Holiday Inn Express hotel located in Rockport, Texas. The property was constructed in 2010. The loan returned cash equity to the sponsor and will provide funds to complete a … Continue reading

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

10.2.15: Keep Those Old Surveys Handy

All CMBS conduit loans require ALTA/ACSM Land Title Surveys, the standards of which are created by the American Land Title Association and National Society of Professional Surveyors. These standards, which provide for the minimum details that must be included on … 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

9.30.15: CMBS Issuance Slows a Bit

Commercial Mortgage Alert surveyed 14 market pros, and those pros projected that CMBS issuance in the United States would soar 32% to $124 billion in 2015. That lofty goal may not be within reach based on results through the third … Continue reading

Posted in CMBS Securities, Commercial Mortgage-Backed Securities, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , | Leave a comment

9.24.15: DSTs Replacing TICs as “Crowd Owner” of Choice

The alphabet soup of commercial real estate lending and the capital markets includes the main product itself: CMBS, or Commercial Mortgage-Backed Securities. And more! Prior to the 2007-2008 economic crises, the preferred structure for borrowing entities in which the owner … Continue reading

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