Category Archives: Commercial Lending

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

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 $7,250,000 CMBS Conduit Loan for the Refinance of an 88-Room Quality Suites Located in Atlanta, GA

ValueXpress has arranged a $7.25-million CMBS conduit loan for the refinance of a three-story Quality Suites hotel constructed in 1990 and renovated in 2015-2017. The hotel is located in the Buckhead Village section of Atlanta, Georgia. Amenities include a meeting … Continue reading

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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

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

ValueXpress Obtains $17-Million CMBS Conduit Loan for a Portfolio of 3 Hotels Located in Metropolitan New Orleans, LA

ValueXpress obtained a $17-million first-mortgage loan that was utilized to refinance existing debt and provide cash-out proceeds secured by a portfolio of three extended-stay hotels located in metropolitan Louisiana: the Suburban Extended Stay, La Place, LA; the Suburban Extended Stay, … 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

3.16.18: Competition Is Fierce for CMBS Conduit Loans

CMBS conduit lenders are aggressively cutting loan spreads and loosening loan structure to win business amid a shortage of good-quality CMBS conduit loans. For the better part of a year, most CMBS conduit lenders are bidding low-leverage large loans at … 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

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

3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!

ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from … Continue reading

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