Archives for October 2018

ValueXpress has arranged a $6.3-million CMBS conduit for the refinance of a four-story Cambria Suites hotel constructed in 2008 by the sponsor. The hotel is located in Indianapolis, Indiana, approximately 10 miles from Indianapolis International Airport. The hotel is located in proximity to … [Read more...] about ValueXpress Arranges $6.3-Million Combination CMBS Conduit Loan and Mezzanine Loan for the Refinance of 103-Room Cambria Suites in Indianapolis, IN

ValueXpress obtained an $8,000,000 conventional first mortgage loan from its New York-based banking partner Country Bank secured by a six-story mixed-use building located in the East Village neighborhood of Manhattan, New York; originally constructed in 1905 it was gut renovated between 2011 and … [Read more...] about ValueXpress Closes $8.0-Million Conventional Loan for a Mixed-Use Building for a Brooklyn, NY-Based Clothing Retailer in Manhattan, NY

ValueXpress obtained a $6.5-million CMBS conduit first-mortgage loan secured by two apartment complexes in Biloxi, MS. Woodlands Apartments is a 118-unit garden-style complex built in 1974 and renovated in 2012. The property was 90% occupied at closing. The second property, Southwind Apartments, … [Read more...] about ValueXpress Obtains $6.5-Million CMBS Conduit Loan Secured by 2 Apartment Complexes Located in Biloxi, MS

ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a Red Roof Inn constructed in 2008 and a $3.6-million loan for a Days Inn hotel constructed in 1978 (renovated in 2009-2012); both are located in Laredo, Texas. The Red Roof – Laredo is a 3-story, 83-room interior-corridor … [Read more...] about ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX

ValueXpress has arranged a $6.37-million CMBS conduit loan for the refinance of a Hampton Inn & Suites constructed in 2006 in Greenville, Texas. The property, a 4-story, 75-room interior-corridor hotel, was constructed by the sponsors to Hampton Inn brand standards. The property, located adjacent … [Read more...] about ValueXpress Obtains $6,370,000 CMBS Loan for a Hampton Inn & Suites in Greenville, TX

ValueXpress has arranged a $5-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2009 in Grand Prairie (Dallas/Fort Worth), Texas. The property, a 4-story, 73-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites brand … [Read more...] about ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 73-Room LaQuinta Inn & Suites in Grand Prairie, TX

ValueXpress obtained a $6.8-million first-mortgage loan that was utilized to refinance existing debt and provide cash-out proceeds secured by a portfolio of three multifamily properties located in Augusta and Greenville, SC: Willow Wick Apartments, Pine Crest Apartments and Broadway … [Read more...] about ValueXpress Obtains $6.8-Million CMBS Conduit Loan for a Portfolio of 3 Multifamily Properties Located in Augusta and Greenville, SC