Category Archives: Michael D. Sneden

8.3.18: A Neat Success Story for a ValuXpress Client . . .

Bob Napp is a champion of small business. In 1992, Bob ran 14 quick oil change stores in central Tennessee. In 2004, he wrote a book, “Starting Your Own Business.” He consulted with small business owners to help them grow. … Continue reading

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7.31.18: ValuXpress Client Successfully Fills Small Business Operational Need. . . Cont’d

So Bob studied his city — Nashville — and found no one catered to the small business storage segment of the market…no one. So he studied and developed prototypes in his head. The smallest units would be 10’x20’ (200 square … Continue reading

Posted in 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

7.24.18: Industrial in Secondary Markets Is Strong

Secondary industrial markets are displaying demographic expansion, profitable lease rates and availability of developable land that has resulted in greater growth than primary markets, according to a recent report from Colliers International. Cincinnati, Indianapolis, St. Louis and the Lehigh Valley … Continue reading

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ValueXpress Arranges $2,000,000 CMBS Conduit Loan for the Retail Portion of a Condominium Building in Chicago, IL

ValueXpress has arranged a $2.0-million first mortgage CMBS conduit loan for the refinance of an industrial/flex building located in the Greektown section of Chicago, Illinois. The purpose of the loan was to obtain a ten-year fixed-rate loan term on a … Continue reading

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7.20.18: What Will Replace the LIBOR Index?

In April 2018, the Federal Reserve released a new U.S. benchmark rate called the Secured Overnight Financing Rate, or SOFR. The SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. Over the past … Continue reading

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

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

7.10.18: Collateralized Loan Obligations Make a Comeback!

Earlier this spring, Kroll Bond Rating Agency assigned preliminary ratings to a commercial real estate “collateralized loan obligation,” or CLO, that LoanCore Capital Markets was taking to the market. The CLO was backed by $1.1 billion in first mortgages secured … Continue reading

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