Archives for 2018

ValueXpress obtained a $1,400,000 first mortgage loan commitment from a southeastern U.S. banking partner secured by a 48-unit Best Western hotel in Canton, MS. The loan commitment is subject to receipt of an SBA 7(a) loan guarantee. The building was constructed in 2000 and consists of 23,782± … [Read more...] about ValueXpress Obtains a $1,400,000 SBA 7(a) Loan Commitment for a Best Western Hotel in Canton, MS

ValueXpress arranged a $2,325,000 first mortgage loan secured by a mixed-use office/warehouse/showroom building that is 100% owner-occupied by a plumbing supply company. The building consists of 19,200 square feet and includes four floors plus a basement, situated on a 0.147± acre site. Each of the … [Read more...] about ValueXpress Closes Loan Secured by Mixed-Use Industrial Property in Brooklyn, NY

ValueXpress obtained a $6,950,000 first-mortgage loan commitment from its New York banking partner, Country Bank, in conjunction with an SBA 504 second mortgage for the acquisition of a seven-story, 210-room, limited service hotel constructed in June 2003; the property is located in northern New … [Read more...] about ValueXpress Obtains an SBA 504 Loan Commitment for the Acquisition of a Country Inn & Suites Limited Service Hotel in New Jersey

ValueXpress closed on a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank. The loan, an SBA 7(a) loan, was approved based on the SBA’s approval of a 90% guarantee under the Jobs Act program. The transaction was approved on a floating-rate basis with a 6% start-rate and a … [Read more...] about ValueXpress Closes SBA 7(a) Loan Secured by Dental Office

ValueXpress has obtained a $4.125-million CMBS conduit loan commitment for the refinance of a Candlewood Suites constructed in 2008 in Augusta, GA. The property is a 3-story, 84-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards. The property … [Read more...] about ValueXpress Obtains $4.125-Million CMBS Conduit Loan for the Refinance of an 84-Room Candlewood Suites

ValueXpress closed on a $5-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of a Comfort Inn limited service hotel in Brooklyn, NY. The property securing the loan is a newly constructed 4-story, 81-room limited-service hotel that opened in … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan Secured by an 81-Room Comfort Inn in Brooklyn, NY

ValueXpress closed a $6.5-million CMBS conduit first-mortgage loan on a 19-building, 2-story apartment complex constructed in 1972 and renovated in 2010 located in Jacksonville, FL. The transaction was a cash-out refinance of an existing loan that has been utilized to rehabilitate the property. The … [Read more...] about ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL