ValueXpress has arranged a $5.0-million CMBS conduit loan for the refinance of a Hampton Inn hotel constructed in 1998. Located in Port Huron, MI, the property is a 3-story, 70-room hotel. The property is one of the top performing Hampton Inns in the U.S. Midwest. Situated right off I-69/94, the … [Read more...] about ValueXpress Arranges $5.0-Million CMBS Conduit Loan for the Refinance of a 70-Room Hampton Inn in Port Huron, MI
Archives for October 2018
10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
Borrowers give us a lot of pushback when we ask for property income and expense statements to be provided in Excel. We ask for property income and expenses at the beginning of a loan transaction in order to perform cash flow analysis to determine property value and debt service coverage. For CMBS … [Read more...] about 10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
ValueXpress Arranges $6.6-Million CMBS Conduit Loan for the Refinance of a 102-Room Holiday Inn Express in Port Clinton, OH
ValueXpress has arranged a $6.6-million CMBS conduit loan for the refinance of a 3-story Holiday Inn Express hotel constructed in 2000 and renovated in 2011. The hotel is located in the Port Clinton-Catawba Island area on the southern shore of Lake Erie. Constructed by the sponsors to Holiday Inn … [Read more...] about ValueXpress Arranges $6.6-Million CMBS Conduit Loan for the Refinance of a 102-Room Holiday Inn Express in Port Clinton, OH
ValueXpress Obtains $8-Million CMBS Conduit Loan for a 175-Room Best Western Plus in Baltimore, MD
ValueXpress obtained an $8-million first-mortgage loan that was utilized to refinance existing debt secured by a 175-room Best Western Plus hotel and convention center located in Baltimore, MD. The 3 Diamond AAA hotel is a 12-story, interior corridor hotel that was constructed in 1987; it contains … [Read more...] about ValueXpress Obtains $8-Million CMBS Conduit Loan for a 175-Room Best Western Plus in Baltimore, MD
ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC. The property is located in Hampton, VA. The loan will repay a short-term loan in … [Read more...] about ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress Arranges $3.9-Million CMBS Conduit Loan for the Refinance of a 71-Room LaQuinta Inn & Suites in Katy, TX
ValueXpress has arranged a $3.9-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2007 in Katy, TX. The property, a 4-story, 71-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites brand standards. The property features 19 … [Read more...] about ValueXpress Arranges $3.9-Million CMBS Conduit Loan for the Refinance of a 71-Room LaQuinta Inn & Suites in Katy, TX
ValueXpress Obtains Another $1-Million Conventional Loan for an Industrial Building for a Brooklyn, N.Y.-Based Clothing Exporter; This Time It’s for His Brother!
ValueXpress obtained another conventional first mortgage loan commitment from its New York-based banking partner Country Bank to be secured by a 12,400-square-foot brick industrial building located in Bronx, NY; the loan commitment is for the brother of a sponsor for whom ValueXpress has arranged … [Read more...] about ValueXpress Obtains Another $1-Million Conventional Loan for an Industrial Building for a Brooklyn, N.Y.-Based Clothing Exporter; This Time It’s for His Brother!
10.17.18: ValueXpress Manages a CMBS Portfolio. Why Is This Important?
ValueXpress has been buying, selling and managing a CMBS securities portfolio since 2008 for Country Bank, its affiliated company. Country Bank is a $700-million-asset commercial bank headquartered in Manhattan, New York in shared office space with ValueXpress. Country Bank focuses on $1-million to … [Read more...] about 10.17.18: ValueXpress Manages a CMBS Portfolio. Why Is This Important?
ValueXpress Arranges $3.0-Million CMBS Conduit Loan for the Refinance of a 69-Room Country Inn & Suites in Fairborn (Dayton), OH
ValueXpress has arranged a $3.0-million CMBS conduit loan for the refinance of a Country Inn & Suites hotel constructed in 2006. Located in the Wright Patterson Air Force Base (AFB) section of Dayton, OH, the property is a 3-story, 69-room inn & suites hotel constructed by the sponsors to … [Read more...] about ValueXpress Arranges $3.0-Million CMBS Conduit Loan for the Refinance of a 69-Room Country Inn & Suites in Fairborn (Dayton), OH
ValueXpress Arranges $4.2-Million CMBS Conduit Loan for the Refinance of a 80-Room Candlewood Suites in Houston, TX
ValueXpress has arranged a $4.2-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2008. Located in the Houston Medical Center section of Houston, TX, the property is a 4-story, 80-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood … [Read more...] about ValueXpress Arranges $4.2-Million CMBS Conduit Loan for the Refinance of a 80-Room Candlewood Suites in Houston, TX