ValueXpress obtained a $4.5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, from the SBA for a beverage distribution company located in Batesville, MS. The property securing the loan is a 1-story 59,500-square-foot industrial … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
Archives for August 2018
ValueXpress Obtains $1,950,000 SBA 7(a) Loan Commitment with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress obtained a $1,950,000 first-mortgage loan commitment from the SBA for a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The 90% SBA loan guarantee of $1,755,000 is the first loan approval for ValueXpress based on the new SBA guarantee limits. Prior to … [Read more...] about ValueXpress Obtains $1,950,000 SBA 7(a) Loan Commitment with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress Closes the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, NY using the USDA B&I Program
ValueXpress closed on a $3.6 million USDA loan note guarantee (80% of the loan amount) to support a $4.5 million refinancing of a 58-room limited-service hotel located in Ithaca, NY. The loan refinanced a first mortgage held by Ares Capital and a second mortgage held by the bankrupt estate of … [Read more...] about ValueXpress Closes the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, NY using the USDA B&I Program
ValueXpress Obtains Commitment Using SBA 504 Loan Program for the Acquisition of an Industrial Building in Long Island, NY
ValueXpress obtained a $1,438,335 first-mortgage loan commitment in conjunction with a $1,555,665 SBA 504 second-mortgage loan to be utilized to acquire a single-story industrial building located in Farmingdale, NY. The property is utilized as a showroom, warehouse and distribution center for a … [Read more...] about ValueXpress Obtains Commitment Using SBA 504 Loan Program for the Acquisition of an Industrial Building in Long Island, NY
8.21.18: Who Would Have Thought of That?
Sometimes it is close to impossible to structure for all of the risks of a commercial loan. In one CMBS conduit loan, The Crossings Shopping Center located in Elkins, West Virginia, the loan defaulted due to an unanticipated event. On Thursday, June 23, 2016, several rounds of thunderstorms … [Read more...] about 8.21.18: Who Would Have Thought of That?
ValueXpress Closes $225,000 SBA 7(a) Loan to Construct Leasehold Improvements for a Subway Restaurant; Borrower Plans Call for 10 Additional Sites
ValueXpress closed a $225,000, 10-year self-amortizing leasehold improvement loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of Guaranty Bank, the Mississippi banking partner … [Read more...] about ValueXpress Closes $225,000 SBA 7(a) Loan to Construct Leasehold Improvements for a Subway Restaurant; Borrower Plans Call for 10 Additional Sites
ValueXpress Obtains $866,000 Loan Commitment to Construct an 8,000-square-foot Multi-Tenant Retail Building in Vicksburg, MS
ValueXpress obtained an $866,000 construction loan commitment from ValueXpress’ Mississippi banking partner, Guaranty Bank to be used to construct an 8,000-square-foot retail building that has been pre-leased to three tenants. The transaction was originated by Jay Bhakta in Valuexpress’ Mississippi … [Read more...] about ValueXpress Obtains $866,000 Loan Commitment to Construct an 8,000-square-foot Multi-Tenant Retail Building in Vicksburg, MS
ValueXpress Obtains $225,000 SBA 7(a) Loan Commitment to Construct Leasehold Improvements for a Subway Restaurant
ValueXpress obtained a $225,000, 10-year self-amortizing leasehold improvement loan commitment from the SBA 7(a) loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of … [Read more...] about ValueXpress Obtains $225,000 SBA 7(a) Loan Commitment to Construct Leasehold Improvements for a Subway Restaurant
ValueXpress Obtains $1.33-Million Fannie Mae Small Balance Loan to Refinance a Maturing CMBS Conduit Loan
ValueXpress obtained a $1,332,500 first mortgage loan that was utilized to refinance a CMBS conduit loan that was set to mature in September. The Mississippi borrower is a long-time client of ValueXpress as the firm has provided ten CMBS conduit loans over a 10-year period. “We explained to the … [Read more...] about ValueXpress Obtains $1.33-Million Fannie Mae Small Balance Loan to Refinance a Maturing CMBS Conduit Loan
8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6
On September 6, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Mid-Atlantic Regional Trade Show in Cherry Hill, New Jersey. ValueXpress will be exhibiting at the Crown Plaza Cherry Hill, 2349 Marlton Pike W, Cherry Hill, New Jersey during the hours of 3:00 p.m.-6:00 … [Read more...] about 8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6