Archives for September 2018

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, for the purchase of the fee interest in a 72-room interior-corridor limited service hotel originally constructed in 2006 and expanded in 2008-2009 (re-opened January 2010) operating … [Read more...] about ValueXpress Obtains $4.5-Million Loan Commitment for an Independent Limited Service Hotel in Jamaica, NY

ValueXpress provided a $1,800,000 loan secured by a 54-unit garden apartment complex located in Hampton, VA. The property was purchased in 2005 by the sponsor, a local investor who owns multiple apartment complexes in the Hampton, VA market. The purpose of the loan was to refinance a maturing Fannie … [Read more...] about ValueXpress Provides $1,800,000 Fannie Mae Small Balance Loan

ValueXpress obtained a $945,000 first-mortgage loan commitment from its Mississippi banking partner, Guaranty Bank, for the construction of an 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS. The proposed loan amount is $945,000 and total project costs are an estimated … [Read more...] about ValueXpress Obtains a $945,000 Commitment for the Construction of a Multi-Tenant Retail Building

ValueXpress arranged financing for the Hampton Inn – Linden, a 149-room interior corridor limited service hotel constructed in 2003. Located in Linden, Union County, 3 miles east of the Garden State Parkway and 3 miles west of the New Jersey Turnpike in northern New Jersey, the property is … [Read more...] about ValueXpress Obtains $12,100,000 CMBS Loan for a Hampton Inn Hotel in Linden, NJ

ValueXpress obtained a $2.5-million SBA 7(a) first-mortgage loan commitment with its banking partner, Westbound Bank, for a 2-story, 64-room limited-service franchised hotel located in Houston, TX and operating under the flag of Comfort Suites. The property was constructed in 2000. The building, … [Read more...] about ValueXpress Obtains $2.4-Million SBA 7(a) Loan Commitment for a Comfort Suites Limited Service Hotel in Houston, TX

ValueXpress obtained a $250,000 conventional first-mortgage loan approval from one of its Mississippi banking partners for the refinancing of a gasoline station located in a suburb of Jackson, MS. The facility is a 3-bay, 6-pump operation that provides 3 grades of gasoline plus diesel. The station … [Read more...] about ValueXpress Obtains a $250,000 Loan Approval for an Independent Gasoline Station in Mississippi

ValueXpress arranged financing for three limited- and select-service interior corridor hotels constructed in 2008 and 2009 and located in West Virginia. The transaction was structured with a 10-year, fixed-rate term based on a 25-year amortization schedule. The properties, owned by Mountain West … [Read more...] about ValueXpress Obtains $33,750,000 CMBS Loan for 3 Hotels in West Virginia

ValueXpress obtained a $1,400,000 first mortgage loan commitment from a southeastern U.S. banking partner secured by a 48-unit Best Western hotel in Canton, MS. The loan commitment is subject to receipt of an SBA 7(a) loan guarantee. The building was constructed in 2000 and consists of 23,782± … [Read more...] about ValueXpress Obtains a $1,400,000 SBA 7(a) Loan Commitment for a Best Western Hotel in Canton, MS

ValueXpress arranged a $2,325,000 first mortgage loan secured by a mixed-use office/warehouse/showroom building that is 100% owner-occupied by a plumbing supply company. The building consists of 19,200 square feet and includes four floors plus a basement, situated on a 0.147± acre site. Each of the … [Read more...] about ValueXpress Closes Loan Secured by Mixed-Use Industrial Property in Brooklyn, NY