ValueXpress obtained a $6,950,000 first-mortgage loan commitment from its New York banking partner, Country Bank, in conjunction with an SBA 504 second mortgage for the acquisition of a seven-story, 210-room, limited service hotel constructed in June 2003; the property is located in northern New … [Read more...] about ValueXpress Obtains an SBA 504 Loan Commitment for the Acquisition of a Country Inn & Suites Limited Service Hotel in New Jersey
Archives for September 2018
9.22.18: Hoteliers, Watch Your Alignment
ValueXpress has now completed over 200 CMBS conduit loans for hotels. We have financed every hotel brand in the United States! The most popular brands for refinance for us are Holiday Inn Express and Hampton Inn. Many of our hotel clients use the “cash-out” feature of CMBS conduit loans to finance … [Read more...] about 9.22.18: Hoteliers, Watch Your Alignment
ValueXpress Closes SBA 7(a) Loan Secured by Dental Office
ValueXpress closed on a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank. The loan, an SBA 7(a) loan, was approved based on the SBA’s approval of a 90% guarantee under the Jobs Act program. The transaction was approved on a floating-rate basis with a 6% start-rate and a … [Read more...] about ValueXpress Closes SBA 7(a) Loan Secured by Dental Office
ValueXpress Obtains $4.125-Million CMBS Conduit Loan for the Refinance of an 84-Room Candlewood Suites
ValueXpress has obtained a $4.125-million CMBS conduit loan commitment for the refinance of a Candlewood Suites constructed in 2008 in Augusta, GA. The property is a 3-story, 84-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards. The property … [Read more...] about ValueXpress Obtains $4.125-Million CMBS Conduit Loan for the Refinance of an 84-Room Candlewood Suites
ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY
ValueXpress has arranged an SBA 504 loan transaction to refinance a conventional owner-occupied real estate loan held by its affiliate, Country Bank. The existing $990,000 loan carries an interest rate in excess of 8% and will be refinanced with a new first mortgage from Country Bank in the mid-6% … [Read more...] about ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY
9.19.18: Observation Decks Can Be Big Moneymakers!
Observation decks atop Manhattan’s World Trade Center, Rockefeller Center and the Empire State Building offer sweeping panoramas that “stretch for miles,” according to a recent article in the Wall Street Journal. The three viewing platforms attract more than 9 million visitors combined each year. … [Read more...] about 9.19.18: Observation Decks Can Be Big Moneymakers!
ValueXpress Closes $5-Million SBA 7(a) Loan Secured by an 81-Room Comfort Inn in Brooklyn, NY
ValueXpress closed on a $5-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of a Comfort Inn limited service hotel in Brooklyn, NY. The property securing the loan is a newly constructed 4-story, 81-room limited-service hotel that opened in … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan Secured by an 81-Room Comfort Inn in Brooklyn, NY
ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL
ValueXpress closed a $6.5-million CMBS conduit first-mortgage loan on a 19-building, 2-story apartment complex constructed in 1972 and renovated in 2010 located in Jacksonville, FL. The transaction was a cash-out refinance of an existing loan that has been utilized to rehabilitate the property. The … [Read more...] about ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL
ValueXpress Closes $875,000 SBA 7(a) Loan Secured by Americas Best Value Inn
ValueXpress closed an $875,000 first-mortgage loan on a 2-story, 40-room exterior corridor limited-service hotel built in 1987 on a 1.4-acre site in Canton, Madison County, MS. The property is franchised as an Americas Best Value Inn budget branded hotel. The property is located adjacent to I-55 at … [Read more...] about ValueXpress Closes $875,000 SBA 7(a) Loan Secured by Americas Best Value Inn
ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress closed a $2.85-million first-mortgage loan with a Texas banking partner, Herring Bank, for a 3-story, 62-room interior-corridor limited-service hotel built in 1999 on a 1.5-acre site in Killeen, Bell County, TX. The property is franchised as a Hampton Inn. Located in the southwest … [Read more...] about ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX