Monthly Archives: December 2015

12.25.15: Meet Me at the MBA in Orlando, FL

Michael D. Sneden, Executive Vice President of ValueXpress, will be representing the firm at the Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo at the Hyatt Regency in Orlando, Florida January 31-Febraury 3, 2016. The convention is … Continue reading

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12.21.15: Sales Continue to Fall at Brick & Mortar Retailers

As the holiday shopping season comes to a close, it is clear that shoppers chose the Internet over a trip to the mall. Sales at brick & mortar stores fell 6.7% over the most recent weekend, while traffic declined 10.4%, … Continue reading

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12.16.15: Treasury and Swaps Stable After Federal Reserve Rate Increase

The Federal Reserve raised its key interest rate on Wednesday, December 16 from a range of 0.00%-0.25% to a range of 0.25%-0.50%. The move was widely expected. It is a sign of how much the economy has healed since the … Continue reading

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ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA

ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of the Best Western Bayou Inn & Suites hotel that was constructed in 2000. The two-story property is located off Interstate 10 at Exit 33 in Lake Charles, Louisiana. … Continue reading

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12.11.15: Borrowers Want to Know: Why Are CMBS Conduit Loan Spreads Going Up!

CMBS conduit loan spreads have increased steadily this fall and many conduit borrowers who have not completed transactions recently are surprised when they receive a Term Sheet reflecting current market spreads. A natural response is “Wow, why is this loan … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , | 1 Comment

… And What About a Projection on Loan Spreads for 2016?

As shown above, AAA (10-year) CMBS spreads have been trending up for many months. Initially, CMBS conduit loan originators held loan spreads to borrowers unchanged and accepted less profit, anticipating that the rise in AAA (10-year) CMBS spreads would reverse … Continue reading

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12.3.15: CMBS Conduit Lenders Slip New Provision in Term Sheets

About six weeks ago, the 10-year Treasury rate surpassed the 10-year Swap rate. For at least the past ten years, the Swap rate had always been higher than the equivalent Treasury rate. The gap between the two indexes was typically … 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