ValueXpress closed on a $3.6 million USDA loan note guarantee (80% of the loan amount) to support a $4.5 million refinancing of a 58-room limited-service hotel located in Ithaca, NY. The loan refinanced a first mortgage held by Ares Capital and a second mortgage held by the bankrupt estate of … [Read more...] about ValueXpress Closes the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, NY using the USDA B&I Program
Archives for 2018
ValueXpress Obtains Commitment Using SBA 504 Loan Program for the Acquisition of an Industrial Building in Long Island, NY
ValueXpress obtained a $1,438,335 first-mortgage loan commitment in conjunction with a $1,555,665 SBA 504 second-mortgage loan to be utilized to acquire a single-story industrial building located in Farmingdale, NY. The property is utilized as a showroom, warehouse and distribution center for a … [Read more...] about ValueXpress Obtains Commitment Using SBA 504 Loan Program for the Acquisition of an Industrial Building in Long Island, NY
8.21.18: Who Would Have Thought of That?
Sometimes it is close to impossible to structure for all of the risks of a commercial loan. In one CMBS conduit loan, The Crossings Shopping Center located in Elkins, West Virginia, the loan defaulted due to an unanticipated event. On Thursday, June 23, 2016, several rounds of thunderstorms … [Read more...] about 8.21.18: Who Would Have Thought of That?
ValueXpress Closes $225,000 SBA 7(a) Loan to Construct Leasehold Improvements for a Subway Restaurant; Borrower Plans Call for 10 Additional Sites
ValueXpress closed a $225,000, 10-year self-amortizing leasehold improvement loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of Guaranty Bank, the Mississippi banking partner … [Read more...] about ValueXpress Closes $225,000 SBA 7(a) Loan to Construct Leasehold Improvements for a Subway Restaurant; Borrower Plans Call for 10 Additional Sites
ValueXpress Obtains $866,000 Loan Commitment to Construct an 8,000-square-foot Multi-Tenant Retail Building in Vicksburg, MS
ValueXpress obtained an $866,000 construction loan commitment from ValueXpress’ Mississippi banking partner, Guaranty Bank to be used to construct an 8,000-square-foot retail building that has been pre-leased to three tenants. The transaction was originated by Jay Bhakta in Valuexpress’ Mississippi … [Read more...] about ValueXpress Obtains $866,000 Loan Commitment to Construct an 8,000-square-foot Multi-Tenant Retail Building in Vicksburg, MS
ValueXpress Obtains $225,000 SBA 7(a) Loan Commitment to Construct Leasehold Improvements for a Subway Restaurant
ValueXpress obtained a $225,000, 10-year self-amortizing leasehold improvement loan commitment from the SBA 7(a) loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of … [Read more...] about ValueXpress Obtains $225,000 SBA 7(a) Loan Commitment to Construct Leasehold Improvements for a Subway Restaurant
ValueXpress Obtains $1.33-Million Fannie Mae Small Balance Loan to Refinance a Maturing CMBS Conduit Loan
ValueXpress obtained a $1,332,500 first mortgage loan that was utilized to refinance a CMBS conduit loan that was set to mature in September. The Mississippi borrower is a long-time client of ValueXpress as the firm has provided ten CMBS conduit loans over a 10-year period. “We explained to the … [Read more...] about ValueXpress Obtains $1.33-Million Fannie Mae Small Balance Loan to Refinance a Maturing CMBS Conduit Loan
8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6
On September 6, 2018, ValueXpress will be exhibiting at the Asian American Hotel Owners (AAHOA) Mid-Atlantic Regional Trade Show in Cherry Hill, New Jersey. ValueXpress will be exhibiting at the Crown Plaza Cherry Hill, 2349 Marlton Pike W, Cherry Hill, New Jersey during the hours of 3:00 p.m.-6:00 … [Read more...] about 8.17.18: Meet with Dennis Suh and Mike Sneden at the Mid-Atlantic Regional AAHOA Conference and Trade Show in Cherry Hill, NJ on September 6
ValueXpress Obtains USDA B&I Loan Commitment for the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, New York
ValueXpress obtained a $3,600,000 USDA loan guarantee (80% of the loan amount) to support a $4,500,000 refinancing of a 58-room limited-service hotel located in Ithaca, New York. The loan will refinance a first mortgage held by Ares Capital, and a second mortgage held by the bankrupt estate of … [Read more...] about ValueXpress Obtains USDA B&I Loan Commitment for the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, New York
ValueXpress Provides SBA 504 Loan for the Acquisition of an Industrial Building in Long Island, New York
ValueXpress closed a $1,750,000 first-mortgage loan in conjunction with a $1,400,000 SBA 504 second-mortgage loan utilized to acquire a single-story industrial building. The property, located on eastern Long Island, NY, is utilized as an arcade. The Long Island Development Corporation sponsored the … [Read more...] about ValueXpress Provides SBA 504 Loan for the Acquisition of an Industrial Building in Long Island, New York
