Category Archives: Mike Sneden

6.26.15: The Power of Unrestricted Cash Out and Non-Recourse Keeps CMBS Conduit Lending Active

While the recent rise in the Swap rate indexes used to set interest rates for CMBS conduit loans has slowed rate-sensitive borrowers from closing loans, the rise has not deterred borrowers who use the CMBS conduit loan as a tool … Continue reading

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

ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX

ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a Red Roof Inn constructed in 2008 and a $3.6-million loan for a Days Inn hotel constructed in 1978 (renovated in 2009-2012); both are located in Laredo, Texas. … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Mike Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

ValueXpress Obtains $5-Million SBA 7(a) Loan Commitment for the Construction of a Holiday Inn Express Near Yankee Stadium

ValueXpress obtained a $5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the Small Business Administration for the construction of an 85-room Holiday Inn Express hotel at 500 Exterior Street, Bronx, N.Y. The property is located … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Mike Sneden, News & Recent Closings, SBA, SBA 7(a), SBA Loans, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment

11.1.13: Mike Sneden to Present at Commercial Capital Training Group

Michael D. Sneden, Executive Vice President at ValueXpress, will be presenting CMBS conduit loan origination techniques to the November 2013 class of the Commercial Capital Training Group (CCTG) in Albany, N.Y. on Wednesday, November 20. CCTG is a one-of-a-kind training company … Continue reading

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

5.7.12: Cash Management and CMBS Conduit Loans…Not Perfect Together: Part II

A recent post of ours outlined the insistence on cash management accounts for nearly all CMBS conduit loans.  In summary, cash management accounts are set up for each transaction as a bank account in the name of both the borrower … Continue reading

Posted in CMBS Conduit Loans, Mike Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , | Leave a comment

12.21.11: Mezzanine Loans Available for CMBS Originations

Mezzanine financing remains readily available to help bridge declining property values in situations where the refinancing of existing debt with a new first mortgage alone cannot pay off maturing debt.  A typical 65% loan-to-value first mortgage can be increased to … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Mortgage-Backed Securities, Mike Sneden, News & Recent Closings, Valuexpress | Tagged , , , , | Leave a comment

6.18.11: AAHOA Report: Debt Available for Hotel Owners

Hotel owners who attended the recent Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV were encouraged by the improvement noted in room sales in late 2010 and 2011 to date after poor business conditions resulted in … Continue reading

Posted in AAHOA, Mike Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment