On Saturday and Sunday, May 25-26, 2013 ValueXpress will be sponsoring a Volleyball Tournament at Spike Sports Club on Gessner Road in Houston, TX. The tournament features 350 players, primarily Asian-American hoteliers from Texas, Louisiana and Mississippi, on 32 teams. This event – run in a … [Read more...] about 5.13.13: ValueXpress to Sponsor Volleyball Tournament in Houston, TX
Archives for 2013
5.9.13: A River Runs Through It
One the amazing things about commercial mortgage lending is how something totally out of left field can crop up to delay or derail a financing. Sure, there is the old saying “time kills deals,” in which the passage of time causes a deal to die, perhaps due to increases in rates, a buyer comes along … [Read more...] about 5.9.13: A River Runs Through It
5.4.13: CMBS Delinquency Plummets
In April, the Trepp CMBS delinquency rate posted its lowest reading in more than two years: The 47-basis-point (bp) drop was the biggest one-month gain since Trepp began publishing the number in the fall of 2009. All major property types saw their delinquency rates fall in April. Hotel and apartment … [Read more...] about 5.4.13: CMBS Delinquency Plummets
4.29.13: ValueXpress to Sponsor Golf Tournament in San Antonio, TX
On Wednesday, May 29, 2013 ValueXpress will be a Gold Sponsor for the 8th Annual San Antonio Hotel Owners Association Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, TX. This 130-person event kicks off the Texas Hotel Owners Association/Asian American Hotel Owners Association … [Read more...] about 4.29.13: ValueXpress to Sponsor Golf Tournament in San Antonio, TX
4.24.13: Office Vacancy Struggling to Get Traction in New Jersey
According to the N.J.-based Star-Ledger, economists gauging the recovery in New Jersey can look to commercial real estate as an indicator. What they’ll find is a market that has been stagnant and struggling to get traction since the mid-2000s. And until jobs return, most sectors of commercial real … [Read more...] about 4.24.13: Office Vacancy Struggling to Get Traction in New Jersey
4.19.13: This Is What It’s All About
ValueXpress recently closed a $17-million hotel portfolio secured by three hotels located in metropolitan New Orleans, LA. The sponsor was facing a $66,000 penalty if the transaction did not close by April 18. Here is what he had to say: “Mike and Jim: I'm sure you know already, but we made the … [Read more...] about 4.19.13: This Is What It’s All About
4.16.13: CMBS Spreads Do an About Face
After spreads widened on a recent UBS-Barclays CMBS transaction that priced on April 11, commercial MBS buyers snatched up three multi-borrower offerings totaling $3.4 billion this week, pushing spreads tighter with the pricing of each transaction, according to Commercial Mortgage Alert. Long-term … [Read more...] about 4.16.13: CMBS Spreads Do an About Face
4.10.13: Jay Bhakta Heads Back to Texas
After returning to home base in Jackson, MS to regroup for a week, Jay Bhakta, a Senior Loan Originator at ValueXpress for over 15 years, headed back to Texas to follow up on a substantial amount of pending business in Houston, San Antonio, Corpus Christi and Dallas. Jay is one of the largest … [Read more...] about 4.10.13: Jay Bhakta Heads Back to Texas
4.5.13: AAHOA Show an Enormous Success
The ValueXpress booth was bustling with activity on March 28-29, 2013 at the annual Asian American Hotel Owners (AAHOA) Trade Show in Houston, TX. Over 3,000 attendees visited the trade show at the George R. Brown Convention Center. “This year, the product of the day was CMBS conduit loans. With … [Read more...] about 4.5.13: AAHOA Show an Enormous Success
3.29.13: Raj Patel Wins Authentic 24-K Gold-Plated $100 Bill at AAHOA Show
Hotel owner Raj Patel won a 24-karat gold-plated $100 bill at the ValueXpress booth at the Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Houston, TX last week. Over 500 cards were submitted for the ValueXpress drawing, which we consider a big success. Raj Patel and his 24 karat … [Read more...] about 3.29.13: Raj Patel Wins Authentic 24-K Gold-Plated $100 Bill at AAHOA Show