Many of us have been entertained by the antics of Dave Hestor and the rest of the gang on A&E Networks reality television series “Storage Wars.” When rent is not paid for three months on a storage locker in California, the contents can be sold by an auctioneer as a single lot of items in the … [Read more...] about 8.6.18: Will Online Self-Storage Auctions Replace “Storage Wars?”
Archives for 2018
ValueXpress Closes on the Purchase of a Portfolio of Nine Owner-Occupied Loans
ValueXpress provided due diligence services related to the negotiation and purchase of nine performing owner-occupied loans at a discount to face amount on behalf of Country Bank, a N.Y. commercial bank with $500 million in assets. The loans, with a principal balance in excess of $6 million, are … [Read more...] about ValueXpress Closes on the Purchase of a Portfolio of Nine Owner-Occupied Loans
ValueXpress Obtains a $2,550,000 Loan to Refinance a Limited Service Hotel in Upstate NY
ValueXpress closed a $2,550,000 first mortgage loan secured by an Econolodge limited service hotel located in upstate New York. The 5-year fixed-rate loan carries an interest rate in the mid-6% area and is full recourse. The loan was closed through the owner-occupied loan program offered by … [Read more...] about ValueXpress Obtains a $2,550,000 Loan to Refinance a Limited Service Hotel in Upstate NY
ValueXpress Obtains $20,500,000 Commitment Under HUD 223(f) Multifamily Program
ValueXpress obtained a $20,500,000 Commitment from HUD to insure a loan secured by Mansion House Apartments, a 28-story mixed-use apartment complex located on 4th Street in downtown St. Louis, MO. The property contains 416 apartment units, 70,000 square feet of office space and a 558-car parking … [Read more...] about ValueXpress Obtains $20,500,000 Commitment Under HUD 223(f) Multifamily Program
8.3.18: A Neat Success Story for a ValueXpress Client
Bob Napp is a champion of small business. In 1992, Bob ran 14 quick oil change stores in central Tennessee. In 2004, he wrote a book, “Starting Your Own Business.” He consulted with small business owners to help them grow. Bob is a classic visionary. But what really got Bob excited was his … [Read more...] about 8.3.18: A Neat Success Story for a ValueXpress Client
ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel
ValueXpress closed a $2,940,000 first mortgage loan in conjunction with a $1,805,000 SBA 504 second mortgage loan utilized to acquire a 77-room interior-corridor property located on Interstate 90 in northeastern Ohio. The property is 2 miles from Lake Erie. The hotel was construction in 1999 and is … [Read more...] about ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel
ValueXpress Provides Loan to Refinance a Days Inn Limited Service Hotel
ValueXpress closed a $1,495,000 first mortgage loan secured by a Days Inn limited service hotel located in Alabama. The 30-year fixed-rate loan carries an interest rate in the low 7% area and is full recourse. The loan was closed through the owner-occupied loan program offered by ValueXpress. The … [Read more...] about ValueXpress Provides Loan to Refinance a Days Inn Limited Service Hotel
ValueXpress Provides SBA 504 Loan for Brooklyn-Based Clothing Exporter
ValueXpress closed a $1,750,000 first mortgage loan and a $1,400,000 SBA 504 second mortgage loan secured by two industrial properties located in Brooklyn, New York. Gary Unkel, who originated the loan on behalf of a long-time client, commented, “The company needed additional warehouse and office … [Read more...] about ValueXpress Provides SBA 504 Loan for Brooklyn-Based Clothing Exporter
7.31.18: ValueXpress Client Successfully Fills Small Business Operational Need. . . Cont’d
So Bob studied his city -- Nashville -- and found no one catered to the small business storage segment of the market…no one. So he studied and developed prototypes in his head. The smallest units would be 10’x20’ (200 square feet; sf) with a mix of units up to around 1,000 sf. He thought of all the … [Read more...] about 7.31.18: ValueXpress Client Successfully Fills Small Business Operational Need. . . Cont’d
ValueXpress Provides $2,200,000 Fannie Mae Small Balance Loan
ValueXpress provided a $2,200,000 loan secured by a 37-unit garden apartment complex located in Pascagoula, Mississippi. The property was constructed in 1978 with the first floor and portions of the second floor gut renovated in 2007 after the building suffered extensive damage as a result of … [Read more...] about ValueXpress Provides $2,200,000 Fannie Mae Small Balance Loan
