We at ValueXpress have a niche business in the SBA 504 program. We assist our clients in the purchase of generally mid-scale hotels such as Hampton Inn and Holiday Inn Express brands using the SBA 504 program. Why use the SBA 504 program over CMBS, our bread and butter, for a mid-scale hotel … [Read more...] about 2.27.18: SBA 504 Program Works Well for Hotel Purchases
Archives for February 2018
2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
Even food stores thought to be immune from the threat of Amazon are at risk. N.Y. supermarket chain Tops Markets filed for bankruptcy citing an unsustainable debt load, falling food prices and stiff competition from Amazon.com and other low-cost rivals forcing the supermarket chain to reorganize. … [Read more...] about 2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
ValueXpress obtained a $9.75-million first-mortgage loan that provided a significant pay down of portfolio debt secured by two hospitality properties located in Sandusky, OH, the Best Western Plus – Sandusky and the Comfort Inn – Sandusky. Both properties are located on Milan Road, adjacent to each … [Read more...] about ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
2.16.18: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in National Harbor, MD – Booth #727
On March 28-29, 2018, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in National Harbor, Maryland. ValueXpress will be located in Booth 727 at the Gaylord National Resort & Convention Center 11:00 a.m.-5:00 p.m. on Wednesday, March 28 and 11:00 … [Read more...] about 2.16.18: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in National Harbor, MD – Booth #727
2.13.18: Putting the Rise in the 10-Year Treasury and 10-Year Swap in Perspective
A number of our clients are calling concerned over the rise in the 10-Year Treasury and 10-Year Swap that has occurred over the past few months. After touching a 2017 low of roughly 2.00% in September 2017, the 10-Year Treasury and Swap have steadily risen to 2.90% as of last week. While the rise of … [Read more...] about 2.13.18: Putting the Rise in the 10-Year Treasury and 10-Year Swap in Perspective
ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC. The property is located in Hampton, VA. The loan will repay a short-term loan in … [Read more...] about ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
Last week we provided some exciting information for small balance CMBS borrowers ($2 million-$10 million) with the introduction of a fixed-fee CMBS conduit loan. The fee -- $25,000 -- covers all third-party transaction costs, including appraisal, property condition assessment, Phase I environmental … [Read more...] about 2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
Unrestricted cash-out and no personal guarantees are compelling features of CMBS conduit loans. To make CMBS conduit loans even more attractive, a “fixed cost” option is now available for loans between $2 million and $10 million. Furthermore, loan structure has been eased, creating a more … [Read more...] about 2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
