ValueXpress arranged a $1,720,000 first mortgage loan secured by a two-story mixed-use retail/residential building located in the Park Slope section of Brooklyn, New York. The loan was closed by its New York-based banking partner, Country Bank, for its portfolio. The property consists of an … [Read more...] about ValueXpress Closes Loan Secured by Mixed-Use Property in Brooklyn, NY
Archives for August 2018
ValueXpress Closes an SBA 7(a) Loan Secured by a Super 8 Hotel
ValueXpress closed a $960,000 first mortgage loan secured by a Super 8 limited service hotel located in metropolitan Dayton, Ohio. The 25-year fixed-rate loan carries an interest rate in the 6% area and is full recourse. The loan was closed through the SBA 7(a) program. The property is a 60-room … [Read more...] about ValueXpress Closes an SBA 7(a) Loan Secured by a Super 8 Hotel
8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
Many of us have been entertained by the antics of Dave Hestor and the rest of the gang on A&E Networks reality television series “Storage Wars.” When rent is not paid for three months on a storage locker in California, the contents can be sold by an auctioneer as a single lot of items in the … [Read more...] about 8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
ValueXpress Closes on the Purchase of a Portfolio of Nine Owner-Occupied Loans
ValueXpress provided due diligence services related to the negotiation and purchase of nine performing owner-occupied loans at a discount to face amount on behalf of Country Bank, a N.Y. commercial bank with $500 million in assets. The loans, with a principal balance in excess of $6 million, are … [Read more...] about ValueXpress Closes on the Purchase of a Portfolio of Nine Owner-Occupied Loans
ValueXpress Obtains a $2,550,000 Loan to Refinance a Limited Service Hotel in Upstate NY
ValueXpress closed a $2,550,000 first mortgage loan secured by an Econolodge limited service hotel located in upstate New York. The 5-year fixed-rate loan carries an interest rate in the mid-6% area and is full recourse. The loan was closed through the owner-occupied loan program offered by … [Read more...] about ValueXpress Obtains a $2,550,000 Loan to Refinance a Limited Service Hotel in Upstate NY
ValueXpress Obtains $20,500,000 Commitment Under HUD 223(f) Multifamily Program
ValueXpress obtained a $20,500,000 Commitment from HUD to insure a loan secured by Mansion House Apartments, a 28-story mixed-use apartment complex located on 4th Street in downtown St. Louis, MO. The property contains 416 apartment units, 70,000 square feet of office space and a 558-car parking … [Read more...] about ValueXpress Obtains $20,500,000 Commitment Under HUD 223(f) Multifamily Program
8.3.18: A Neat Success Story for a ValueXpress Client
Bob Napp is a champion of small business. In 1992, Bob ran 14 quick oil change stores in central Tennessee. In 2004, he wrote a book, “Starting Your Own Business.” He consulted with small business owners to help them grow. Bob is a classic visionary. But what really got Bob excited was his … [Read more...] about 8.3.18: A Neat Success Story for a ValueXpress Client
ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel
ValueXpress closed a $2,940,000 first mortgage loan in conjunction with a $1,805,000 SBA 504 second mortgage loan utilized to acquire a 77-room interior-corridor property located on Interstate 90 in northeastern Ohio. The property is 2 miles from Lake Erie. The hotel was construction in 1999 and is … [Read more...] about ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel
ValueXpress Provides Loan to Refinance a Days Inn Limited Service Hotel
ValueXpress closed a $1,495,000 first mortgage loan secured by a Days Inn limited service hotel located in Alabama. The 30-year fixed-rate loan carries an interest rate in the low 7% area and is full recourse. The loan was closed through the owner-occupied loan program offered by ValueXpress. The … [Read more...] about ValueXpress Provides Loan to Refinance a Days Inn Limited Service Hotel