Category Archives: CMBS Securities

7.16.18: Industry Veterans See Stable CMBS Conduit Loan Spreads for Balance of 2018

CMBS participants foresee relatively flat prices for CMBS securities for the second half of 2018. This would be good news for CMBS borrowers as “re-trading” of CMBS loan spreads to borrowers would remain muted if CMBS prices remain stable. Re-trading … Continue reading

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

6.8.18: CMBS Spreads Remain Steady

CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable at attractive levels for most of 2018. This has help offset the rise in the 10-year Swap rate, minimizing the impact on interest rates … 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

3.28.18: Trepp: CMBS Delinquency Rate Rises Modestly for First Time Since June

The Trepp CMBS delinquency rate rose modestly in March. This is the first time the rate has ticked up since June 2017. The delinquency rate for U.S. commercial real estate loans in CMBS is now 4.55%, up 4 basis points … Continue reading

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3.15.18: Toys “R” Us to Close Stores and Liquidate

Toys “R” Us filed a motion today in bankruptcy court to liquidate inventory and close all its stores. The retailer had filed for Chapter 11 bankruptcy in September 2017, resulting from vendors demanding cash payments in advance of merchandise shipments. … Continue reading

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

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

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

12.22.17: SBA 7(a) Hotel Borrowers Scramble to Refinance into CMBS

The SBA 7(a) loan program is an excellent way for hoteliers to obtain acquisition financing for hotel properties. Since the lending market considers hotels riskier than other commercial assets, the SBA loan guarantee helps mitigate loan loss risk on defaulted … Continue reading

Posted in CMBS, CMBS Conduit Loans, CMBS Securities, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , | Leave a comment