Monthly Archives: February 2016

2.10.16: A Keurig in Every Hotel Room?

In 2013, Hilton Garden Inn partnered with Green Mountain Coffee Roasters, a leader in specialty coffee and single-serve beverages with its innovative Keurig brewing technology, to upgrade its in-room coffee and beverage offering. At that time, the hotel industry was … 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

2.19.16: Michael D. Sneden to Speak at N.J. Regional Conference of MBAs

Michael D. Sneden, Executive Vice President at ValueXpress, will participate on a panel of commercial real estate lenders at the 33rd Annual Regional Conference of MBAs to be held March 13-17, 2016 at Harrah’s Convention Center in Atlantic City, N.J. … Continue reading

Posted in CMBS, CMBS Securities, 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

2.17.16: CMBS Prices Stabilize

The benchmark long-term super-senior AAA-rated bonds in an $875-million CMBS conduit offering led by Wells Fargo priced at 165 basis points (bp) over swaps, matching the level achieved in the previous multi-borrower CMBS issue from Bank of America and Morgan … 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 $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX

ValueXpress obtained a $5.7-million first-mortgage loan that was utilized to refinance Sago Palms Apartments, a 240-unit apartment community located in Houston, Texas. The complex was built in 1980 and was over 90% occupied at loan closing. The property is located … 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

2.5.16: Report from the 2016 MBA CREF Convention

What a difference a year can make. At the 2015 Commercial Real Estate Finance Convention (CREF), participants cheered as the CMBS conduit loan machine cranked at full tilt. Panelists suggested volume of $125 billion in CMBS originations could be easily … Continue reading

Posted in CMBS, CMBS Securities, 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

2.2.16: What Is the Opportunity in “Formula Blue?”

In April 2015, InterContinental Hotels Group formalized Formula Blue, its latest Holiday Inn Express brand design prototype. With a design that puts sleep quality, simplicity, and ease of maintenance at the center of its concept, compliance with Formula Blue is … 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

1.28.16: SBA 7(a) Premiums Steady Despite Market Volatility

Given the volatility in the debt markets, we thought it worthwhile to revisit loan premiums obtained on the sale of SBA 7(a) guarantees in the secondary market. After post-crash premiums peaked at 118.75 in February 2013, pricing gradually declined during … Continue reading

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