Monthly Archives: January 2017

1.20.17: How to Qualify for CMBS: From Owner-Occupied to Investment Property

Commercial real estate properties owned by a business that operates out of the buildings it owns are generally not eligible for CMBS loans. Financing related to these transactions is often referred to as “owner-occupied” loans and is often provided by … Continue reading

Posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Owner-Occupied Loans, The Banker's Mortgage Conduit, Valuexpress | Leave a comment

1.18.17: CMBS Mall Sells for $100 – A Great Headline, But Not the Full Story

The press had a field day this week reporting that a Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million was auctioned off for $100. The 1.1-million-square-foot Galleria at Pittsburgh Mills was secured by a … 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

1.9.17: Hotels Send Mixed Signals for 2017

According to Daniel H. Lesser, LWHA, “To the surprise of many, the U.S. lodging industry closed out 2016 with operating metrics still at record setting levels; however, its growth trajectory was notably lower when compared with years past. In general, … Continue reading

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

ValueXpress Obtains $4-Million CMBS Conduit Loan for Hastings Self-Storage in Westchester County, NY

ValueXpress obtained a $4-million CMBS conduit loan to refinance a $3-million CMBS conduit loan that ValueXpress provided to the sponsor ten years ago. The property, Hastings Self-Storage, is located on the west side of Saw Mill River Road, just south … Continue reading

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

1.6.17: U.S. CMBS Originations for 2016 Total $76 Billion

For the first time since the financial crisis of 2008-2009, CMBS conduit issuance declined for the year. CMBS volume totaled $76 billion in 2016, down a whopping 25% from 2015’s $101 billion. Atypically, no single capital market disruption was a … 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

1.2.17: … While Predictions for 2017 Are Flat at $75 Billion

For 2017, CMBS professionals are projecting CMBS originations of $75 billion. Last year, the group’s average prediction of $110 billion proved to be too optimistic. The pros feel more uncertain about 2017 forecasts compared with other years. The culprit is … Continue reading

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

12.28.16: Luxury Apartment Demand Set to Fall in 2017

Landlords of upscale properties across the United States are bracing for rough conditions in 2017 that will likely force them to slash rents and offer deep concessions as a glut of supply brings a seven-year luxury-apartment boom to an end. … 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