ValueXpress closed on a $5.15-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of an independent limited service hotel in the Long Island City section of Queens, NY. The property is a 3-story, interior corridor, 78-room, limited-service, … [Read more...] about ValueXpress Closes $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
Archives for September 2018
9.14.18: Loan Submissions Rise in September for ValueXpress
Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is over, and borrowers are back to … [Read more...] about 9.14.18: Loan Submissions Rise in September for ValueXpress
ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress closed on a $5-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2009 in Houston, TX. The property is a 3-story, 81-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards in 2009; its grand opening was … [Read more...] about ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
ValueXpress obtained a $1.5-million first-mortgage loan commitment from a Midwest commercial bank for the refinance of a self-storage facility in Butler County, a northern Cincinnati, OH suburb. The commitment is subject to receipt of an SBA 7(a) guarantee. Built in 1997, the 24,715-square-foot, … [Read more...] about ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
ValueXpress Revives SBA 7(a) Loan Secured by Dental Office
In May 2010, ValueXpress obtained a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank, based on the SBA’s approval of a 90% guarantee under the Jobs Act program, just prior to the expiration of the stimulus program on May 31, 2010. The borrower, a dentist, owns a … [Read more...] about ValueXpress Revives SBA 7(a) Loan Secured by Dental Office
9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients
The greatest value ValueXpress brings to a deal is our 30 years of experience in negotiating the best loan terms for our clients. Having completed over 400 loan transactions, we at ValueXpress are aware of all the negotiable loan provisions, and we will ensure that the loan provisions are the most … [Read more...] about 9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients
ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in Lousiana
ValueXpress obtained a $4.9-million CMBS conduit loan secured by a residential apartment complex located in Lake Charles, LA. The two-story garden apartment complex, built in 1978, consists of 112 rental apartments in 14 separate buildings. Significant renovation of the property was conducted during … [Read more...] about ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in Lousiana
ValueXpress Obtains $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress obtained a $5.15-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of an independent limited service hotel in the Long Island City section of Queens, NY. The property is a 3-story, interior corridor, 78-room, limited service, … [Read more...] about ValueXpress Obtains $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas
ValueXpress secured a $7.4-million CMBS conduit loan secured by a residential garden apartment complex located along I-45 between Houston and Dallas, Texas. The two-story garden apartment complex, built in 1984, consists of 176 rental apartments in 22 separate buildings. At closing, the property was … [Read more...] about ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas
9.7.18: CMBS Issuance Resumes After Summer Slowdown
At least three CMBS multi-borrower conduit issues totaling $3.2 billion are expected to be brought to market in the next week or so. These offerings are the first since August 10th and follow a relatively slow summer period for CMBS issuance. The largest of the new deals is a $1.4-billion offering … [Read more...] about 9.7.18: CMBS Issuance Resumes After Summer Slowdown