Monthly Archives: April 2017

4.13.17: AAHOA Trade Show in San Antonio, TX a Huge Success

On April 12-13, 2017, ValueXpress exhibited at the annual Asian American Hotel Owners (AAHOA) Trade Show held in San Antonio, Texas. The sold-out trade show was attended by a record crowd of more than 6,500 Asian American hoteliers ready to … Continue reading

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4.10.17: Hoteliers Should Use CMBS Loans to Finance PIPs

Competition among hotel franchises is fierce. Franchisors are continually updating the interior and exterior designs for new hotels that become part of their franchise. This updating is often referred to as the latest “prototype” or “brand standard.” Properties that were … Continue reading

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4.5.17: Class B Malls Struggle to Refinance

With Sears, Macy’s and JC Penney closing hundreds of stores, mostly in older malls in less-desirable locations, the divide between good malls and bad malls is widening. The best malls, often owned by Simon Property Group, Taubman Centers, Inc. and … 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 Arranges $20-Million CMBS Conduit Loan for the Refinance of a Portfolio of Drugstores Located in Michigan, Georgia and Puerto Rico

ValueXpress has arranged a $20-million CMBS conduit loan for the refinance of five free-standing drugstores. Two of the stores are Walgreens located in Guaynabo and Carolina, Puerto Rico. Two of the stores are Rite Aid located in Michigan, one in … Continue reading

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3.31.17: Small-Balance CMBS Loans Still Available

ValueXpress is making a market in small-balance CMBS loans as an accommodation to new and existing customers, while most CMBS conduit lenders have minimums of $3 million and even $5 million in some instances. “With a push to close more … Continue reading

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3.28.17: Underlying Co-op Loans Fit in CMBS

Underlying co-op loans tend to be lower leverage and are highly desired in CMBS. The loans are a niche product mainly because not many residential properties are under a cooperative form of ownership outside the New York metropolitan area. A … Continue reading

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3.22.17: CMBS Delinquency Climbs as Final “Wall of Maturities” Struggles to Refinance

In 2007, $228 billion of CMBS conduit loans were pooled and sold as CMBS securities in the United States, the largest amount in history. Most of the loans provided for a 10-year term, creating a potential refinancing bonanza for 2017. … Continue reading

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