ValueXpress arranged $30 million of hospitality loans that were recently included in a $1.1-billion multi-borrower CMBS offering by J.P. Morgan and Ladder Capital that priced on December 12. The offering included 45 loans; the majority were retail (45%) and office (26.3%), but also included in the … [Read more...] about ValueXpress Arranges $30 Million in Loans for JPMorgan/Ladder Capital CMBS Issue
Archives for October 2018
ValueXpress Arranges $5.4-Million CMBS Conduit Loan for the Refinance of a 75-Room Candlewood Suites in Kingwood, TX
ValueXpress has arranged a $5.4-million CMBS conduit loan commitment for the refinance of a Candlewood Suites constructed in 2010 located in the Kingwood section of Houston, TX. The property is a 3-story, 75-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites … [Read more...] about ValueXpress Arranges $5.4-Million CMBS Conduit Loan for the Refinance of a 75-Room Candlewood Suites in Kingwood, TX
ValueXpress Arranges CMBS Conduit Loan on a Portfolio of 3 Limited-Service Hotels in Corpus Christi, TX
ValueXpress arranged a large CMBS conduit financing for a portfolio of 3 limited-service hotels, the Staybridge Suites – Corpus Christi, Holiday Inn Express – Corpus Christi and Comfort Suites – Corpus Christi. The borrower was an affiliate of ZJZ Hospitality, Inc., which is controlled by local … [Read more...] about ValueXpress Arranges CMBS Conduit Loan on a Portfolio of 3 Limited-Service Hotels in Corpus Christi, TX
10.12.18: Meet with Dennis Suh and Mike Sneden at the Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY on October 30
On October 30, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Northeast – Syracuse Regional Trade Show in Syracuse, New York. The Trade Show at the Embassy Suites Syracuse Destiny, 311 Hiawatha Blvd W, Syracuse, New York, will be during the hours of 3:00-6:00 p.m. … [Read more...] about 10.12.18: Meet with Dennis Suh and Mike Sneden at the Northeast/Syracuse Regional AAHOA Conference and Trade Show in Syracuse, NY on October 30
ValueXpress Obtains $5,600,000 Fannie Mae Loan Approval
ValueXpress obtained a $5.6-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 141-unit Class B apartment portfolio consisting of nine two- and three-story apartment building locations in the Ocean View section of Norfolk, VA. The properties are impeccably maintained by a … [Read more...] about ValueXpress Obtains $5,600,000 Fannie Mae Loan Approval
ValueXpress Obtains a $1.5-Million Conventional Loan for an Industrial Building for a Brooklyn, N.Y.-Based Clothing Exporter
ValueXpress obtained a $1,500,000 conventional first mortgage loan commitment from its New York-based banking partner Country Bank to be secured by a 14,000-square-foot brick industrial building located in Brooklyn, NY. The bank intends to keep the loan in its portfolio. This loan, which will allow … [Read more...] about ValueXpress Obtains a $1.5-Million Conventional Loan for an Industrial Building for a Brooklyn, N.Y.-Based Clothing Exporter
10.10.18: Sears Is on the Ropes…
Wall Street apparently thinks the end is near for Sears. The stock price for Sears Holdings, owner of retail store brands Sears and Kmart, fell significantly on news that the CEO and largest shareholder Eddie Lampert will not lend the company any more money. Sears faces a key $134-million debt … [Read more...] about 10.10.18: Sears Is on the Ropes…
ValueXpress Obtains $5-Million CMBS Conduit Loan Commitment for the Refinance of a 56-Room LaQuinta Inn & Suites in Fresno, CA
ValueXpress obtained a $5.0-million CMBS conduit loan commitment for the refinance of a LaQuinta Inn & Suites located in Fresno, CA that was constructed in 2007. The property is a 3-story, 56-room interior-corridor hotel constructed by the sponsors to LaQuinta brand standards. The property is in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan Commitment for the Refinance of a 56-Room LaQuinta Inn & Suites in Fresno, CA
ValueXpress Closes $4.3-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Suites in Panama City Beach, FL
ValueXpress arranged a $4.3-million CMBS conduit loan for the refinance of a Comfort Suites constructed in 2005 in Panama City Beach, FL. The property is a 3-story, 74-room interior-corridor hotel constructed by the sponsors to Comfort Suites brand standards. The hotel is located just ¼ mile from … [Read more...] about ValueXpress Closes $4.3-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Suites in Panama City Beach, FL
ValueXpress Obtains $4.8-Million SBA 7(a) Loan Commitment for a Candlewood Suites Limited Service Hotel in Baytown, TX
ValueXpress obtained a $4.8-million SBA 7(a) first-mortgage loan commitment with its banking partner, Westbound Bank, for a 3-story, 81-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards. Room mix is 4 king studio suites and 77 double queen … [Read more...] about ValueXpress Obtains $4.8-Million SBA 7(a) Loan Commitment for a Candlewood Suites Limited Service Hotel in Baytown, TX