Category Archives: Commercial Mortgage-Backed Securities

7.2.18: ValueXpress Revises Loan Document Checklist Required for a Loan Quote

Borrowers have two options to receive a loan proposal for a CMBS conduit loan. The first option is to request a Summary of Certain Indicative Terms, which is a one-page summary of the proposed loan terms that has not been … 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

ValueXpress Arranges $8,630,000 CMBS Conduit Loan for 2 Independent Hotels in Seaside, OR

ValueXpress has arranged an $8,630,000 first mortgage CMBS conduit loan for the Seaside Hotel Portfolio, consisting of the refinance of two independent hotels located in Seaside, Oregon. The purpose of the loan was to provide a return of equity to … 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

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

Posted in CMBS, CMBS Securities, Commercial Mortgage-Backed Securities, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , | Leave a comment

6.4.18: Keep Contractor Work to a Minimum When Closing a CMBS Conduit Loan

We recently had to work through an issue on a relatively simple CMBS conduit loan. The transaction was a 50% loan-to-value (LTV) cash-out refinance of a small neighborhood shopping center that was 100% leased. One of the tenants that will … 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

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

3.15.18: 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