In order to make prudent commercial loans in the sector, many lenders are trying to sort out surviving retailers that will continue to be successful in brick-and-mortar retail stores. Some results are easy to see. Class B and C malls pretty much cannot be financed on a non-recourse basis, and they … [Read more...] about 8.29.17: Tanger Factory Outlets Stock Takes a Beating
Archives for August 2017
Bloomberg recently reported that Allegiant Travel Company wants to add real estate development to its list of corporate activities. The company is embarking on an audacious plan to build a 22-acre resort compound with a hotel, condominiums, bars and restaurants on the Florida Gulf Coast in Port … [Read more...] about 8.23.17: Airlines and Resort Development – Perfect Together?
Dennis Suh will be representing ValueXpress at the Self-Storage Association’s (SSA) 2017 Fall Conference & Trade Show. The conference, which will be held at Caesar’s Palace in Las Vegas, Nevada, begins on Tuesday, September 5 with conference and trade show registration. Concurrent education … [Read more...] about 8.18.17: Dennis Suh to Represent ValueXpress at SSA Conference & Trade Show
Most borrowers are aware that hotel properties are eligible for CMBS conduit loans. However, some sponsors mistakenly believe that all hotels are eligible for CMBS conduit loans, but that is not true. In general, independent hotels that are not operated under a nationally recognized franchise brand … [Read more...] about 8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
ValueXpress has many borrower clients who obtain CMBS conduit loans for the sole purpose of selling the property under the assumption clause. How many times have we heard “the acquisition deal fell apart because the buyer could not secure financing?” Selling the property under the loan assumption … [Read more...] about 8.9.17: Remember, ValueXpress Will Help Clients Through the Assumption Process
ValueXpress LLC has announced the promotion of Dennis Suh to Senior Vice President, Originations. The announcement was made by Michael D. Sneden, Executive Vice President at ValueXpress. “Dennis’s passion for structuring loan transactions that provide the best terms for his clients has been evident … [Read more...] about 8.4.17: Dennis Suh Promoted to Senior Vice President at ValueXpress