Monthly Archives: October 2016

10.28.16: Make Sure Your CMBS Term Sheet Is “Credit Approved” Before Signing

The credit box for CMBS conduit loans has gradually tightened during 2016, resulting in complaints from borrowers of last-minute reductions in loan proceeds before closing, mainly on cash-out refinances. Loan adjustments can often be traced to insufficient due diligence completed … 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

10.24.16: Simon and GGP Rescue Aeropostale; Is This the Future of Retailing?

A consortium led by developers Simon Property Group (SPG) and General Growth Properties (GGP) won an auction for the assets of Aeropostale in September. The group plans to keep open 299 of the bankrupt retailer’s stores. Aeropostale was facing liquidation … 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

10.19.16: Best Western Announces New Brand – SureStay Hotel Group

Best Western has announced the formation of SureStay Hotel Group, a new economy and lower mid-level brand rolled out at the Lodging Conference held at the end of September at the Arizona Biltmore Resort and Spa. The brand is designed … 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

ValueXpress Obtains $1,750,000 SBA 7(a) Loan Secured by a 57-Room Super 8 Hotel in Clinton, MS

ValueXpress has obtained a $1,750,000 SBA 7(a) loan for Hospitality Solutions, Inc., secured by a 2-story, 57-room limited-service franchised hotel operating under the Super 8 franchise. The property was constructed in 2002. The loan allowed the existing 50% owner of … Continue reading

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

10.14.16: NACLB Convention an Enormous Success for ValueXpress; Attendance More Than Doubles

ValueXpress experienced overwhelming mortgage broker traffic at networking events and at its booth during the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo that was recently held at the Red Rock Casino in Las Vegas. ValueXpress … 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

10.6.16: ValueXpress Honored with “2016 Broker Program of the Year” Award at NACLB Convention & Expo

ValueXpress was presented the “2016 Broker Program of the Year” award for CMBS conduit loans at the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo. The award recognizes the firm that provides a high level of … 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 , , , | Leave a comment

10.5.16: Michael D. Sneden Reports on CMBS Market During Opening General Session at NACLB Convention & Expo

Bob Coleman, Editor of the Coleman Report, recorded the comments of Michael D. Sneden from the 2nd Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo opening general session on the State of Lending as it relates to … 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