Monthly Archives: October 2018

10.26.18: ValueXpress Completes Its 500th Loan Closing

With the closing of the Speedee Mart and Rounder’s Neighborhood Grill CMBS conduit loan transaction, ValueXpress has closed its 500th transaction for a little over $2.2 billion in loan proceeds. “Our average loan size is around $4.4 million, so you … 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

10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?

Borrowers give us a lot of pushback when we ask for property income and expense statements to be provided in Excel. We ask for property income and expenses at the beginning of a loan transaction in order to perform cash … 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

10.17.18: ValueXpress Manages a CMBS Portfolio. Why Is This Important?

ValueXpress has been buying, selling and managing a CMBS securities portfolio since 2008 for Country Bank, its affiliated company. Country Bank is a $700-million-asset commercial bank headquartered in Manhattan, New York in shared office space with ValueXpress. Country Bank focuses … 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

ValueXpress Secures a $6-Million CMBS Conduit Loan for a Retail Center Located in Henderson (Las Vegas), NV

ValueXpress has arranged a $6.0-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the … 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 , , , , , , | 1 Comment

10.12.18: Meet with Dennis Suh and Mike Sneden at the Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY on October 30

On October 30, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Northeast – Syracuse Regional Trade Show in Syracuse, New York. The Trade Show at the Embassy Suites Syracuse Destiny, 311 Hiawatha Blvd W, Syracuse, New … Continue reading

Posted in AAHOA, 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

10.10.18: Sears Is on the Ropes…

Wall Street apparently thinks the end is near for Sears. The stock price for Sears Holdings, owner of retail store brands Sears and Kmart, fell significantly on news that the CEO and largest shareholder Eddie Lampert will not lend the … Continue reading

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

10.3.18: Land Leases Are Okay in CMBS

Land leases are financeable in CMBS as long as the land lease meets certain criteria. First, CMBS lenders prefer that the land lease payment be fixed or have modest escalation of the lease term. In addition, lenders prefer that the … 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