Archives for 2018

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

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 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 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

ValueXpress obtained an $8-million first-mortgage loan commitment through participation by two commercial banks, Community National Bank, headquartered in Great Neck, NY, and First Trade Union Bank, located in Hauppauge, NY. Community National took the lead with a $5-million piece, and First Trade … [Read more...] about ValueXpress Obtains $8-Million Loan Commitment for a Holiday Inn Express Hotel in Maspeth, NY

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its NY banking partner, Country Bank, for the purchase of the fee interest in a 12-story, 97-room interior-corridor limited service hotel originally constructed in 1984 and operated as an independent. The property is located in … [Read more...] about ValueXpress Obtains $4.5-Million Loan Commitment for an Independent Limited-Service Hotel in Baltimore, MD

ValueXpress closed a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, for the purchase of the fee interest in a 72-room interior-corridor limited service hotel originally constructed in 2006 and expanded in 2008-2009 (re-opened January 2010) operating … [Read more...] about ValueXpress Closes $4.5-Million Loan for an Independent Limited Service Hotel in Jamaica, NY