ValueXpress recently closed an $8.2-million CMBS conduit loan for the purchase of the Hilton Garden Inn located in Killeen, Texas. The property was constructed in 2007 and is in good condition. However, the Property Condition Assessment noted evidence of mold on the stucco façade of the hotel and on … [Read more...] about 12.7.18: Watch Out for Mold When Applying for a CMBS Conduit Loan!
Archives for December 2018
ValueXpress Arranges a $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Hampton Inn & Suites Located in Canton, MS
ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a four-story Hampton Inn hotel constructed in 2004. The loan provided an opportunity for the sponsor to consolidate a prior first and second mortgage held by a local community bank into a non-recourse first mortgage. The … [Read more...] about ValueXpress Arranges a $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Hampton Inn & Suites Located in Canton, MS
ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress Obtains $7,340,000 CMBS Conduit Loan for Refinance of a 69-Room Full-Service Holiday Inn Express Located in Rockport, TX
ValueXpress arranged a $7.34-million CMBS conduit first-mortgage loan utilized to refinance a 69-room Holiday Inn Express hotel located in Rockport, Texas. The property was constructed in 2010. The loan returned cash equity to the sponsor and will provide funds to complete a substantial Property … [Read more...] about ValueXpress Obtains $7,340,000 CMBS Conduit Loan for Refinance of a 69-Room Full-Service Holiday Inn Express Located in Rockport, TX
12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
Most CMBS conduit loan programs start at $5 million. A few will consider $3 million. But ValueXpress can provide CMBS conduit loans as low as $1.5 million. A few examples of recently closed small balance CMBS conduit loans can be found here and here. How is ValueXpress able to provide small balance … [Read more...] about 12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
ValueXpress Obtains $10-Million CMBS Conduit Loan for Refinance of a 237-Room Full-Service Holiday Inn Located at Corpus Christi, TX Airport
ValueXpress arranged a $10-million CMBS conduit first-mortgage loan utilized to refinance a 237-room Holiday Inn Hotel serving Corpus Christi Airport in Corpus Christi, Texas. The property was constructed in 1982 and renovated in 2014-2015. The loan returned cash equity to the sponsor that was used … [Read more...] about ValueXpress Obtains $10-Million CMBS Conduit Loan for Refinance of a 237-Room Full-Service Holiday Inn Located at Corpus Christi, TX Airport
ValueXpress Obtains $9,000,000 CMBS Conduit Loan Secured by a 353-Unit Apartment Complex Located in North Charleston, SC
ValueXpress arranged a $9-million CMBS conduit first-mortgage loan on a 353-unit apartment complex with 61 two-story apartment buildings constructed in 1980-1989. The property was approximately 87% occupied at closing. The 10-year, fixed-rate loan was provided to Peppertree I LLC. The property is … [Read more...] about ValueXpress Obtains $9,000,000 CMBS Conduit Loan Secured by a 353-Unit Apartment Complex Located in North Charleston, SC
ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 67-Room Hampton Inn Located in Clute, TX
ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a three-story Hampton Inn hotel constructed in 2008 located in Clute/Lake Jackson, Texas. The property was constructed to latest Hampton Inn brand standards. Creating a modernized look, these new construction standards … [Read more...] about ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 67-Room Hampton Inn Located in Clute, TX