ValueXpress obtained a $2,500,000 first-mortgage loan commitment from a CMBS conduit lender to refinance a construction loan that was utilized to construct a CVS drugstore in Tulsa, OK. The property is a newly-built prototype building with 13,225 square feet. The lease provides for a 25-year term, … [Read more...] about ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore
Archives for 2018
$945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
Guaranty Bank and Trust, a ValueXpress banking partner, closed on a loan for the construction of a 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS for a ValueXpress client. The loan amount will be $945,000 when fully funded. Total project costs are an estimated … [Read more...] about $945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for a Quality Inn located in Brooklyn, New York. The property securing the loan is a four-story, 81-room limited service hotel scheduled to open in February 2011. The site … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress closed on a $5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, on a 90% guaranteed SBA 7(a) loan for a beverage distribution company located in Batesville, MS. The property securing the loan is a one-story 59,500-square-foot … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress Obtains $4-Million Commitment to Refinance an Independent Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $4-million first-mortgage loan commitment from its New York banking partner, Country Bank, for an independent limited service hotel in Brooklyn, NY. The property is a 4-story and basement 62-room limited service non-franchised hotel operating under the dba of Imperial Hotel. … [Read more...] about ValueXpress Obtains $4-Million Commitment to Refinance an Independent Limited Service Hotel in Brooklyn, NY
8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
Kroll Bond Rating Agency, Inc. (Kroll) recently released a special report on an auction of real estate properties that were occupied by Toys “R” Us. The auction was conducted over a two-day period on August 13 and 14, 2018. Of the total 246 properties, 123 partially secure a $512-million loan that … [Read more...] about 8.27.18: Kroll Special Report: TRU 2016-TOYS Auction Results
ValueXpress Closes $1,950,000 SBA 7(a) Loan with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress closed on a $1,950,000 first-mortgage loan commitment secured by a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The loan was supported by a 90% SBA loan guarantee. The property, built in 1998, is located in Lumberton, NC at Exit 20 of I-95. … [Read more...] about ValueXpress Closes $1,950,000 SBA 7(a) Loan with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress Obtains $800,000 Commitment to Construct Leasehold Improvements for a 20,000-Square-Foot Fitness Center
ValueXpress obtained an $800,000 commitment from Country Bank, New York, N.Y., for a 10-year self-amortizing leasehold improvement loan subject to receipt of a SBA 7(a) loan guarantee. The loan will be used to finance leasehold improvements to renovate, expand and reposition a health club/fitness … [Read more...] about ValueXpress Obtains $800,000 Commitment to Construct Leasehold Improvements for a 20,000-Square-Foot Fitness Center
ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress obtained a $4.5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, from the SBA for a beverage distribution company located in Batesville, MS. The property securing the loan is a 1-story 59,500-square-foot industrial … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress Obtains $1,950,000 SBA 7(a) Loan Commitment with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
ValueXpress obtained a $1,950,000 first-mortgage loan commitment from the SBA for a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The 90% SBA loan guarantee of $1,755,000 is the first loan approval for ValueXpress based on the new SBA guarantee limits. Prior to … [Read more...] about ValueXpress Obtains $1,950,000 SBA 7(a) Loan Commitment with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC
