Archives for 2018

ValueXpress secured a $7.4-million CMBS conduit loan secured by a residential garden apartment complex located along I-45 between Houston and Dallas, Texas. The two-story garden apartment complex, built in 1984, consists of 176 rental apartments in 22 separate buildings. At closing, the property was … [Read more...] about ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas

ValueXpress obtained an $875,000 first-mortgage loan commitment on a 2-story, 40-room exterior corridor limited-service hotel built in 1987 on a 1.4-acre site in Canton, Madison County, MS. The property is franchised as an Americas Best Value Inn budget branded hotel. The property is located … [Read more...] about ValueXpress Obtains $875,000 Loan Commitment for an Americas Best Value Inn located in Canton, MS

ValueXpress obtained a $2.85-million first-mortgage loan commitment with a Texas banking partner, Herring Bank, for a 3-story, 62-room interior corridor limited service hotel built in 1999 on a 1.5-acre site in Killeen, Bell County, TX. The property is franchised as a Hampton Inn hotel under the … [Read more...] about ValueXpress Obtains $2.85-Million Loan Commitment for a Hampton Inn Limited Service Hotel in Killeen, TX

ValueXpress obtained an $11-million first-mortgage loan commitment from a CMBS conduit lender to refinance a 162-room interior corridor limited service hotel constructed in 2002. The hotel is located in immediate proximity to Liberty International Airport in Newark, New Jersey. The property was sold … [Read more...] about ValueXpress Obtains $11-Million Commitment to Refinance a Franchised Limited Service Hotel at Liberty International Airport, Newark, NJ

ValueXpress obtained a $1.25-million first-mortgage loan that was utilized to refinance existing debt secured by a 6,800-square-foot net leased retail building leased to Advance Auto Parts. The improvements are located on a 1-acre site and were constructed in 2006. The improvements are in excellent … [Read more...] about ValueXpress Obtains $1.25-Million CMBS Conduit Loan for an Advance Auto Parts Retail Store in Southeast Florida

ValueXpress obtained a $3.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for an independent hotel located in Brooklyn, New York. The property securing the loan is a newly constructed seven-story, 72-room limited service hotel that opened in … [Read more...] about ValueXpress Obtains $3.5-Million SBA 7(a) Loan Commitment for a Independent Limited Service Hotel in Brooklyn, NY

ValueXpress closed on a $2,085,000 first-mortgage loan commitment secured by a 68-unit garden-style apartment community located in the southeastern portion of Alabama. The property was built in 1978 and renovated in 2005-2006. Renovations, which totaled $270,000, included upgrades to the pool, … [Read more...] about ValueXpress Closes $2,085,000 Multi-family Loan