Category Archives: CMBS

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

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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

ValueXpress Arranges $8.6-Million CMBS Conduit Loan for the Refinance of a 98-Room Staybridge Suites Hotel in San Antonio, TX

ValueXpress has arranged an $8.6-million CMBS conduit loan for the refinance of a Staybridge Suites constructed in 2009 located near SeaWorld in San Antonio. SeaWorld San Antonio is a 250-acre marine mammal park, oceanarium, and animal theme park in the … Continue reading

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9.14.18: Loan Submissions Rise in September for ValueXpress

Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is … Continue reading

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9.7.18: CMBS Issuance Resumes After Summer Slowdown

At least three CMBS multi-borrower conduit issues totaling $3.2 billion are expected to be brought to market in the next week or so. These offerings are the first since August 10th and follow a relatively slow summer period for CMBS … Continue reading

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ValueXpress Arranges $6,000,000 CMBS Conduit Loan Through Fixed-Fee Program for the Refinance of Commercial Self-Storage – Castleton (Indianapolis), IN

ValueXpress has arranged a $6,000,000 CMBS conduit loan for the refinance of a 66,800-square-foot self-storage facility located in the Castleton section of Indianapolis. The property was purchased by the sponsor, Jim Sapp, in December 2009. At acquisition, the property contained … Continue reading

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ValueXpress Obtains $6.65-Million CMBS Conduit Loan for a Single-Tenant Industrial Flex Building

ValueXpress obtained a $6,650,000 first-mortgage CMBS conduit loan that was utilized to refinance an 82,280-square-foot single-tenant, industrial flex building located in St. Louis, Missouri. The building is 100% occupied and leased to Nooter Construction Company. The transaction refinanced a maturing … Continue reading

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