Monthly Archives: January 2018

1.19.18: Lower CMBS Spreads Helping CMBS Conduit Loan Rates

With fresh allocations of money to invest, Commercial Mortgage-Backed Securities (CMBS) buyers were lining up to place orders for the first CMBS conduit offering to hit the market in 2018. With more investor demand than supply of CMBS bonds, dealers … Continue reading

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1.14.18: Amazon Creates Short List for New HQ2 Location

Amazon announced that it reduced its candidate locations for its second headquarters (HQ2) from 238 to 20. Candidate metropolitan areas are as follows: Atlanta, Austin, Boston, Chicago, Columbus, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Nashville, Newark, New York … Continue reading

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1.11.18: Walmart Closes 63 Sam’s Club Stores; 10-12 to Become Fulfillment Centers

Walmart is closing 63 Sam’s Club stores across the United States. The closings will impact about 9,400 employees, according to a Walmart official. In some cases, employees were not told their store had closed before they showed up for work … Continue reading

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ValueXpress Obtains $9.5-Million Loan Commitment for a Holiday Inn Express Hotel in Maspeth, NY

ValueXpress obtained a $9.5-million first-mortgage loan commitment from a N.Y.-based community bank to refinance a $7.0-million loan that was arranged by ValueXpress five years ago with Community National Bank that is now maturing. The loan provides $1.5 million of proceeds … 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

1.5.18: Meet ValueXpress at the MBA CREF Conference in San Diego, CA

On February 11-14, 2018, Michael Sneden and Dennis Suh will be representing ValueXpress at the Mortgage Bankers Association Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo at the Marriott Marquis in San Diego, California. The conference is expected 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

1.2.18: CMBS Loan Volume in 2017 Exceeds Predictions

U.S. CMBS origination volume totaled $88 billion in 2017, up 17% from 2016’s $76 billion and far surpassing the average prediction of $75 billion by market professionals. Industry predictions for 2018 are for $75 billion of U.S. CMBS conduit originations. … Continue reading

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12.23.17: Trepp: CMBS Delinquency Rate Drops Sharply in October

Marking the sixth straight monthly decline, the Trepp CMBS delinquency rate dropped sharply in December. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.89%, down 29 basis points from the November level. That is the … Continue reading

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