ValueXpress has arranged a $9.1-million CMBS conduit loan for the refinance of a 104-room interior corridor limited-service hotel constructed in 2013 located in the North Scottsdale market of Phoenix, Arizona. The property is part of the “Desert Ridge” master-planned commercial area that encompasses … [Read more...] about ValueXpress Arranges $9.1-Million CMBS Conduit Loan for the Refinance of 104-Room Holiday Inn Express in North Scottsdale (Phoenix), AZ
Archives for December 2018
ValueXpress Arranges $3.15-Million SBA 504 Loan for the Purchase of a 16,000 SF Industrial Building in Brooklyn, NY
ValueXpress has arranged a $3.15-million SBA 504 loan for the purchase of a 16,187-square-foot industrial building located in the East Flatbush neighborhood of Brooklyn, New York. The building was constructed in 1930 and is situated on a 0.334-acre site. The clear height of the warehouse space is 18 … [Read more...] about ValueXpress Arranges $3.15-Million SBA 504 Loan for the Purchase of a 16,000 SF Industrial Building in Brooklyn, NY
ValueXpress Arranges $4.8-Million CMBS Conduit Loan for the Refinance of a 67-Room LaQuinta Inn & Suites in Brandon, MS
ValueXpress has arranged a $4.8-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2008 in Brandon (Jackson), Mississippi. The property, a 3-story, 67-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites brand standards. The … [Read more...] about ValueXpress Arranges $4.8-Million CMBS Conduit Loan for the Refinance of a 67-Room LaQuinta Inn & Suites in Brandon, MS
ValueXpress Arranges $3.8-Million CMBS Conduit Loan for the Refinance of a 59-Room Comfort Inn & Suites in Yakima, WA
ValueXpress has arranged a $3.8-million CMBS conduit loan for the refinance of a Comfort Inn & Suites limited-service hotel constructed in 1998 located in Yakima, Washington. The property, a 3-story, 59-room interior-corridor hotel, was purchased by the sponsor in August 2000. The purpose of the … [Read more...] about ValueXpress Arranges $3.8-Million CMBS Conduit Loan for the Refinance of a 59-Room Comfort Inn & Suites in Yakima, WA
12.12.18: Lenders Are Using CLOs for Bridge Loans
Issuance of commercial real estate Collateralized Loan Obligations (CRE-CLOs) has grown significantly in 2018. KKR is the latest private equity firm to tap the commercial real estate securitization market for short-term bridge loans. Many of the bridge loans that ValueXpress originates end up in … [Read more...] about 12.12.18: Lenders Are Using CLOs for Bridge Loans
ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
ValueXpress obtained a $5.7-million first-mortgage loan that was utilized to refinance Sago Palms Apartments, a 240-unit apartment community located in Houston, Texas. The complex was built in 1980 and was over 90% occupied at loan closing. The property is located in north Houston, in proximity to … [Read more...] about ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
ValueXpress Obtains $6,650,000 CMBS Conduit Loan for a 92-Room Hilton Garden Inn Located in Chesapeake, VA
ValueXpress obtained a $6.65-million first-mortgage loan that was utilized to refinance an existing maturing CMBS conduit loan secured by a 92-room Hilton Garden Inn located in Chesapeake, Virginia. The four-story hotel was constructed to the Hilton Garden prototype in 2003. The hotel is located in … [Read more...] about ValueXpress Obtains $6,650,000 CMBS Conduit Loan for a 92-Room Hilton Garden Inn Located in Chesapeake, VA
ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 54-Room Hampton Inn Hotel in Portland (Corpus Christi), TX
ValueXpress has arranged a $5-million CMBS conduit loan for the refinance of the Hampton Inn – Portland, Texas. The three-story hotel was constructed in 2001. The property is located in Portland, a rapidly growing suburb 12 miles from Corpus Christi, Texas on Highway 181. The property provides … [Read more...] about ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 54-Room Hampton Inn Hotel in Portland (Corpus Christi), TX
ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of the Best Western Bayou Inn & Suites hotel that was constructed in 2000. The two-story property is located off Interstate 10 at Exit 33 in Lake Charles, Louisiana. Lake Charles has grown with the onset of the … [Read more...] about ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
ValueXpress Arranges an $8.7-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Inn & Suites in Beaumont, TX and a 56-Room LaQuinta Inn & Suites in Lumberton, NC
ValueXpress has arranged an $8.7-million CMBS conduit loan for the refinance of a four-story Comfort Inn & Suites hotel constructed in 2008 and a four-story LaQuinta Inn and Suites constructed in 2009. The loan provided an opportunity for the sponsor to pay off three loans, two of which were … [Read more...] about ValueXpress Arranges an $8.7-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Inn & Suites in Beaumont, TX and a 56-Room LaQuinta Inn & Suites in Lumberton, NC