Monthly Archives: November 2015

11.13.15: Swap Rate Falls Below Treasury Rate – CMBS Borrowers Benefit

Typically, Swap Rates are more than the equivalent Treasury Rate, but recently the relationship has reversed: The Swap Rate is currently lower than the equivalent Treasury Rate. This relationship is important to CMBS conduit loan borrowers because the Swap Rate is … Continue reading

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

11.9.15: Future Apartment Rents to be Determined by Computer Software?

Many local apartment owners are following an industry trend by switching to algorithm-based leasing software. It calculates the price of a unit based on a number of factors — and the rate can unexpectedly peak and valley. “Prices change daily,” said … Continue reading

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

11.4.15: Investors Sue CMBS Servicer over Fees for Apartment Sale

Four investors in Stuyvesant Town Peter Cooper Village located in New York City are suing CWCapital and Wells Fargo, looking to prevent CWC from reaping an alleged “windfall” of more than $560 million from the $5.3-billion sale of the property … Continue reading

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

ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad

ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, … 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

10.30.15: Don’t Let This Trigger Hurt You

Most CMBS conduit loans have a protection for lenders in the event property cash flow decreases significantly during the loan term. The protection is in the form of a cash management account that is in the name of the lender … 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

10.26.15: New Regulations May Affect Small CMBS Lenders

Regulation AB, a new regulation adopted by the Securities and Exchange Commission (SEC) and effective November 24, may have an adverse effect on small CMBS lenders. Regulation AB requires a senior CMBS executive employed by the lead lender in the securitization … 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

10.18.15: Be Truthful in Your Disclosures Please

In CMBS conduit lending, all lenders require sponsors and their borrowing entities to complete a disclosure form. Typical questions include whether the sponsor has ever defaulted on a commercial loan, been involved in litigation, filed for bankruptcy, or been convicted … 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