Monthly Archives: April 2018

4.27.18: CMBS Remains Best Solution for Retail Loans

Struggling retailers have lenders reassessing the risk of retail loans. Over the past two years, poor retail sales have resulted in a slew of store closures and bankruptcies. It seems that not a month goes by without more bad news, … Continue reading

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4.24.18: Kroll to Track CMBS “Loans of Concern”

Kroll Bond Rating Agency (KBRA) has created a monthly index to track CMBS loans that it believes are at risk of default. The index tracks not only loans that are already delinquent or in default, but more important, loans that … Continue reading

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4.18.18: Westside Pavilion in Los Angeles to Be Repositioned

U.S. mall owner Macerich and office developer Hudson Pacific Properties are redeveloping the Westside Pavilion mall in Los Angeles into a campus featuring 500,000 square feet of office space, according to the firms. Approximately 100,000 square feet of the 600,000-square-foot … Continue reading

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ValueXpress Arranges $4,800,000 CMBS Conduit Loan for the Purchase of Parkland Town Center Located in Parkland, FL

ValueXpress has arranged a $4.8-million CMBS conduit loan for the purchase of a 34,930-square-foot office/retail center located in Parkland, Florida. The property was constructed in 2004 and is located 50 miles north of Miami and 15 miles west of Boca … Continue reading

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4.13.18: How Interest-Only Can Solve DSCR Constraints on a CMBS Loan

Cap rates for income-producing properties have fallen to 5% or below in many primary markets, including New York, Los Angeles and San Francisco. As a result, borrowers seeking 75% Loan-to-Value (LTV) loans are finding that loan proceeds are constrained below … Continue reading

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4.11.18: A Quick Test to Determine Hotel Eligibility for a CMBS Conduit Loan

Often a borrower wants a quick answer on whether a hotel is eligible for a CMBS conduit loan without providing much information. A way to make a quick assessment is to look at TripAdvisor reviews. But before that, the first … Continue reading

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4.7.18: Washington Prime Group and Namdar Realty Look to Save Bon-Ton from Liquidation

U.S. mall owners Washington Prime Group and Namdar Realty Group will bid together to save department store chain Bon-Ton from liquidation, according to court documents filed Monday. It was reported that the two landlords would attempt to acquire the embattled … Continue reading

Posted in CMBS, CMBS Securities, Commercial Real Estate Loans, Michael D. Sneden, Non-Recourse Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment