ValueXpress has arranged a $7,005,000 CMBS conduit loan for the purchase of a portfolio of 7 retail properties net-leased to Dollar General for an initial term of 15 years with five 5-year renewal options thereafter. The purchase was part of a successful 1031 tax-deferred exchange for the sponsor. … [Read more...] about ValueXpress Obtains a $7-Million CMBS Conduit Loan for a Portfolio of Dollar General Stores
Archives for December 2018
ValueXpress Obtains $4-Million CMBS Conduit Loan for Hastings Self-Storage in Westchester County, NY
ValueXpress obtained a $4-million CMBS conduit loan to refinance a $3-million CMBS conduit loan that ValueXpress provided to the sponsor ten years ago. The property, Hastings Self-Storage, is located on the west side of Saw Mill River Road, just south of Farragut Avenue in the village of … [Read more...] about ValueXpress Obtains $4-Million CMBS Conduit Loan for Hastings Self-Storage in Westchester County, NY
ValueXpress Obtains $3.7-Million CMBS Conduit Loan for a Class A Office Building Located in Boca Raton, FL
ValueXpress obtained a $3.7-million first-mortgage loan that was utilized to refinance existing debt secured by a 25,400-square-foot multi-tenant office building located in Boca Raton, Florida. The property, constructed in 2006, is currently 87% occupied by 16 tenants, primarily local professional … [Read more...] about ValueXpress Obtains $3.7-Million CMBS Conduit Loan for a Class A Office Building Located in Boca Raton, FL
ValueXpress Obtains $15,470,000 CMBS Loan for a Hilton Garden Inn located in West Virginia
ValueXpress arranged financing for a select-service interior-corridor hotel constructed in 2009 located in Morgantown, West Virginia. The transaction was structured with a 10-year, fixed-rate term based on a 25-year amortization schedule. The property, owned by Mountain West Hospitality LLC, is … [Read more...] about ValueXpress Obtains $15,470,000 CMBS Loan for a Hilton Garden Inn located in West Virginia
12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag
Scott Evans, Senior Managing Director at Government Loan Solutions (GLS), reported at the Secondary Market Summit in Washington, D.C. that for 2018 SBA 7(a) secondary market premiums are down approximately 15% from 2017. The downward trend began in July 2018, when premiums fell to 114 from 116 the … [Read more...] about 12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag
ValueXpress Obtains $3-Million CMBS Conduit Loan for the Purchase of a 64-Room Best Western Inn & Suites Located at Cleveland, OH Airport
ValueXpress arranged a $3-million CMBS conduit first-mortgage loan utilized to purchase a 64-room Best Western Inn & Suites located at the Cleveland, Ohio Airport. The property was constructed in 1997 and renovated in 2014. The Best Western Cleveland Airport is located 20 minutes from Downtown … [Read more...] about ValueXpress Obtains $3-Million CMBS Conduit Loan for the Purchase of a 64-Room Best Western Inn & Suites Located at Cleveland, OH Airport
ValueXpress Obtains $3-Million CMBS Conduit Loan for a Shopping Center in Hiram, GA
ValueXpress obtained a $3-million first-mortgage CMBS conduit loan that was utilized to acquire a 54,450-square-foot shopping center located on Jimmy Lee Smith Parkway in Hiram, Georgia. The property is currently 94% occupied by 10 tenants and in excellent condition. The property was constructed in … [Read more...] about ValueXpress Obtains $3-Million CMBS Conduit Loan for a Shopping Center in Hiram, GA
ValueXpress Obtains $1,750,000 SBA 7(a) Loan Secured by a 57-Room Super 8 Hotel in Clinton, MS
ValueXpress has obtained a $1,750,000 SBA 7(a) loan for Hospitality Solutions, Inc., secured by a 2-story, 57-room limited-service franchised hotel operating under the Super 8 franchise. The property was constructed in 2002. The loan allowed the existing 50% owner of the hotel to purchase the … [Read more...] about ValueXpress Obtains $1,750,000 SBA 7(a) Loan Secured by a 57-Room Super 8 Hotel in Clinton, MS
ValueXpress Arranges $30-Million CMBS Conduit Loan for the Refinance of a Portfolio of Six Hotels in the Southeast
ValueXpress has arranged a $30-million CMBS conduit loan for a portfolio of six hotels located in the Southeast. The portfolio consists of four limited-service hotels, one select service hotel and one extended-stay hotel. The properties range in size from 75 to 100 rooms. The hotels operate under a … [Read more...] about ValueXpress Arranges $30-Million CMBS Conduit Loan for the Refinance of a Portfolio of Six Hotels in the Southeast
ValueXpress Arranges $3.1-Million CMBS Conduit Loan for the Refinance of a Walgreens Drugstore in Vermont
ValueXpress has arranged a $3.1-million CMBS conduit loan for the refinance of a free-standing Walgreens located at 476 Canal Street in Brattleboro, Vermont. The transaction paid off an existing CMBS conduit loan that was set to mature in December. ValueXpress arranged the loan to close early in the … [Read more...] about ValueXpress Arranges $3.1-Million CMBS Conduit Loan for the Refinance of a Walgreens Drugstore in Vermont
