Category Archives: CMBS

6.5.17: Redevelopment Strategies for Former Department Stores

With reports of department store closings now routine, particularly in mall locations, mall owners are actively redeveloping these spaces for alternative uses in strong markets. CBL & Associates recently redeveloped a vacant Sears store at Fayette Mall in Lexington, Kentucky, … 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

6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners

Most franchised select service and full-service hotels require on-site restaurants to comply with franchise requirements. However, most hotel owner/operators consider running a hotel restaurant a necessary evil, and most hotel restaurants do not make money. In addition, hotel guests do … 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 Obtains $5.5-Million CMBS Conduit Loan for the Refinance of a 78-Room Hampton Inn & Suites in Richland, MS

ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a four-story Hampton Inn hotel constructed in 2015. The loan provided an opportunity to pay off an existing SBA 504 loan and some additional high-cost construction debt. The … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , , , | Leave a comment

5.27.17: Furnished Apartment Deals Are Okay in CMBS

We recently received a request to finance a 100-unit multifamily property located 12 miles outside a major southeastern city on a heavily traveled interstate. The immediate area is heavily populated with large commercial and industrial facilities, and the area is … Continue reading

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

5.19.17: CMBS Industry Working on Improving Loan Servicing

Borrower complaints regarding CMBS loan servicing are resulting in action by industry participants to improve the loan servicing experience. Industry leaders are recognizing that poor servicing experiences are driving borrowers to other loan products, depressing already relatively low CMBS loan … 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 Obtains $6.1 Million CMBS Conduit Loan for CCTG Grad for the Refinance of Grand Haven Villas Apartments II in Bowling Green, KY

ValueXpress has arranged a $6,100,000 CMBS conduit loan for the refinance of an 88-unit apartment development located in Bowling Green, Kentucky. The project is owned locally by Rodgers Real Estate Holdings and Rodney Rodgers, who constructed the project in 2015-2016. … 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

4.25.17: CMBS Conduit Loan Rates Stable as CMBS Spreads Remain Steady

CMBS conduit loan borrowers are finding calm waters as spreads on CMBS securities have been stable for most of 2017 to date. In addition, the 10-year Swap rate, the benchmark index for setting interest rates on CMBS conduit loans, has … 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