ValueXpress closed on a $2,085,000 first-mortgage loan commitment secured by a 68-unit garden-style apartment community located in the southeastern portion of Alabama. The property was built in 1978 and renovated in 2005-2006. Renovations, which totaled $270,000, included upgrades to the pool, … [Read more...] about ValueXpress Closes $2,085,000 Multi-family Loan
Archives for August 2018
8.31.18: CBRE Reports on Cap Rates at Mid-Year
CBRE recently published its survey of capitalization rates (cap rates) for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of June 30, 2018. CBRE notes that cap rates were little changed in the first half of the year, with slight increases or decreases … [Read more...] about 8.31.18: CBRE Reports on Cap Rates at Mid-Year
ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore
ValueXpress obtained a $2,500,000 first-mortgage loan commitment from a CMBS conduit lender to refinance a construction loan that was utilized to construct a CVS drugstore in Tulsa, OK. The property is a newly-built prototype building with 13,225 square feet. The lease provides for a 25-year term, … [Read more...] about ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore
$945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
Guaranty Bank and Trust, a ValueXpress banking partner, closed on a loan for the construction of a 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS for a ValueXpress client. The loan amount will be $945,000 when fully funded. Total project costs are an estimated … [Read more...] about $945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for a Quality Inn located in Brooklyn, New York. The property securing the loan is a four-story, 81-room limited service hotel scheduled to open in February 2011. The site … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress closed on a $5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, on a 90% guaranteed SBA 7(a) loan for a beverage distribution company located in Batesville, MS. The property securing the loan is a one-story 59,500-square-foot … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress Obtains $4-Million Commitment to Refinance an Independent Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $4-million first-mortgage loan commitment from its New York banking partner, Country Bank, for an independent limited service hotel in Brooklyn, NY. The property is a 4-story and basement 62-room limited service non-franchised hotel operating under the dba of Imperial Hotel. … [Read more...] about ValueXpress Obtains $4-Million Commitment to Refinance an Independent Limited Service Hotel in Brooklyn, NY
8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
Kroll Bond Rating Agency, Inc. (Kroll) recently released a special report on an auction of real estate properties that were occupied by Toys “R” Us. The auction was conducted over a two-day period on August 13 and 14, 2018. Of the total 246 properties, 123 partially secure a $512-million loan that … [Read more...] about 8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
ValueXpress Closes $1,950,000 SBA 7(a) Loan with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress closed on a $1,950,000 first-mortgage loan commitment secured by a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The loan was supported by a 90% SBA loan guarantee. The property, built in 1998, is located in Lumberton, NC at Exit 20 of I-95. … [Read more...] about ValueXpress Closes $1,950,000 SBA 7(a) Loan with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress Obtains $800,000 Commitment to Construct Leasehold Improvements for a 20,000-Square-Foot Fitness Center
ValueXpress obtained an $800,000 commitment from Country Bank, New York, N.Y., for a 10-year self-amortizing leasehold improvement loan subject to receipt of a SBA 7(a) loan guarantee. The loan will be used to finance leasehold improvements to renovate, expand and reposition a health club/fitness … [Read more...] about ValueXpress Obtains $800,000 Commitment to Construct Leasehold Improvements for a 20,000-Square-Foot Fitness Center
