Tag Archives: finance

11.5.17: Sears and Kmart: More Stores to Close

Sears Holdings Co. announced that it will close another 18 Sears stores and 45 Kmart locations in late January 2018. This round of closures brings the total number of Sears and Kmart stores shutting down this year to 243. After … Continue reading

Posted in CMBS, CMBS Conduit Loans, CMBS Securities, 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

11.1.17: Multifamily Trends – Vacancies Rise as Supply Exceeds Demand

Property managers are offering larger and larger concessions to try to attract tenants to their apartment communities, but the vacancy rates are inching higher anyway. The percentage of vacant apartments in Manhattan in October rose to 2.47%, up from 2.39% … Continue reading

Posted in Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, Valuexpress | Tagged , , , | Leave a comment

ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution and Manufacturing Center in Ambridge (Pittsburgh), PA

ValueXpress has arranged a $15-million CMBS conduit loan for the refinance of a 1-million-square-foot warehouse and light manufacturing industrial park located in Ambridge, Pennsylvania, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between … 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

10.12.17: CMBS Conduit Loan Originations Up 5%

Through the first three quarters of 2017 CMBS conduit loan originations are up 5%, as measured by CMBS securities issuance. According to Commercial Mortgage Alert, CMBS conduit issuance as of September 30, 2017 totaled $33.8 billion compared with $32.2 billion … 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

10.4.17: Cash-Out SBA 7(a) Loans Now Available

ValueXpress has partnered with a non-bank SBLC licensed SBA 7(a) lender to originate SBA 7(a) loans nationwide that allow for cash-out proceeds to the borrower for a refinance. The firm has a Preferred Lenders Program (PLP) designation, and therefore, the … Continue reading

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

ValueXpress Arranges $8-Million CMBS Conduit Loan for the Refinance of an 87-Room Candlewood Suites in Smyrna (Nashville), TN

ValueXpress has arranged an $8-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2015. Located 20 miles southeast of Nashville off I-24 in Smyrna, Tennessee, the property is a 4-story, 87-room, extended-stay, interior-corridor hotel constructed by … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Mortgage-Backed Securities, Commercial Real Estate Loans, MBA CREF Convention 2011, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

9.29.17: Reach Out to Community Banks for CMBS & Non-CMBS Opportunities

ValueXpress is always looking for effective avenues to find borrowers that may be interested in CMBS conduit loans. Until recently, a steady source of CMBS conduit loan originations resulted from refinancing maturing 10-year term CMBS conduit loans closed in 2006-2007 … 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