ValueXpress has arranged a $28-million CMBS conduit loan for the refinance of an eight building office suite portfolio located in Indianapolis, Indiana and Frisco (Dallas), Texas. The transaction provided significant cash-out loan proceeds to allow the sponsor, Scott Yeager, to continue to grow the … [Read more...] about ValueXpress Arranges a $28-Million CMBS Conduit Loan for the Refinance of an 8 Building Office Suite Portfolio in Indianapolis, IN and Dallas, TX
Archives for 2018
ValueXpress Arranges $5.3-Million CMBS Conduit Loan for the Refinance of 80-Room Holiday Inn Express in Tucumcari, N.M.
ValueXpress has arranged a $5.3-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed to Holiday Inn Express brand standards in 2007. The hotel is located in Tucumcari, New Mexico. Tucumcari is located on I-40 (historic Route 66), midway between Amarillo, … [Read more...] about ValueXpress Arranges $5.3-Million CMBS Conduit Loan for the Refinance of 80-Room Holiday Inn Express in Tucumcari, N.M.
12.21.18: When Is a CMBS Conduit Loan Right for You?
ValueXpress is often asked, “When is a CMBS conduit loan right for me and my commercial property?” The answer begins with the two most compelling benefits of CMBS conduit loans: All CMBS conduit loans are non-recourse, which means there are no personal guarantees. CMBS conduit loans allow for … [Read more...] about 12.21.18: When Is a CMBS Conduit Loan Right for You?
ValueXpress Arranges $7,150,000 CMBS Conduit Loan for the Refinance of Two Drugstores in New Jersey and North Carolina
ValueXpress has arranged a $7.15-million CMBS conduit loan for the refinance of two free-standing drugstores, a Walgreens located in Glendora, N.J. and a Rite Aid located in Whiteville, N.C. Since the properties were under common ownership, the loan was made to two separate entities, but was cross … [Read more...] about ValueXpress Arranges $7,150,000 CMBS Conduit Loan for the Refinance of Two Drugstores in New Jersey and North Carolina
ValueXpress Arranges $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Holiday Inn Express and Suites Hotel in Canton, MS
ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of an 80-room Holiday Inn Express and Suites located in Canton, Mississippi. The property is a three-story hotel that was constructed in 2007. The loan provided for cash-out proceeds for a Property Improvement Plan (PIP) in … [Read more...] about ValueXpress Arranges $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Holiday Inn Express and Suites Hotel in Canton, MS
ValueXpress Obtains $13.6-Million CMBS Conduit Loan for a Neighborhood Shopping Center in Charleston, WV
ValueXpress obtained a $13.6-million first-mortgage CMBS conduit loan that was utilized to refinance existing debt secured by a one-story, 210,000-square-foot community shopping center located on I-79 near Charleston, West Virginia. The property is currently 92% occupied by 21 tenants. The property … [Read more...] about ValueXpress Obtains $13.6-Million CMBS Conduit Loan for a Neighborhood Shopping Center in Charleston, WV
ValueXpress Arranges $4.7-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Ellensburg, WA
ValueXpress has arranged a $4,700,000 CMBS conduit loan for the refinance of a 55-room Best Western hotel located in Ellensburg, Washington. The property is a three-story interior-corridor hotel that was constructed in 2002. The loan provided for cash-out equity return to the owner in addition to … [Read more...] about ValueXpress Arranges $4.7-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Ellensburg, WA
12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?
With recent volatility in the stock market, spreads on CMBS securities have widened. This can affect the loan spread and interest rate to borrowers closing a CMBS conduit loan. But the recent rise in loan spreads has been offset by declines in the 10-year Swap. Loan interest rates for 10-year CMBS … [Read more...] about 12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?
ValueXpress Arranges $5,950,000 CMBS Conduit Loan for the Refinance of a 75-Room Holiday Inn Express and Suites Hotel Located in Guymon, OK
ValueXpress has arranged a $5,950,000 CMBS conduit loan for the refinance of a 75-room Holiday Inn Express and Suites located in Guymon, Oklahoma. The property is a 4-story hotel that was constructed in 2009. The loan provided for cash-out proceeds for a Property Improvement Plan (PIP) in … [Read more...] about ValueXpress Arranges $5,950,000 CMBS Conduit Loan for the Refinance of a 75-Room Holiday Inn Express and Suites Hotel Located in Guymon, OK
ValueXpress Arranges $4.54-Million CMBS Conduit Loan for the Refinance of a 63-Room Country Inn & Suites in Pensacola, FL
ValueXpress has arranged a $4,536,000 CMBS conduit loan for the refinance of a 63-Room Country Inn & Suites in Pensacola, FL. The property is a 4-story, 63-room Inn & Suites constructed in 2008. The property is located adjacent to Interstate 10, which leads from Mobile, Alabama to the West … [Read more...] about ValueXpress Arranges $4.54-Million CMBS Conduit Loan for the Refinance of a 63-Room Country Inn & Suites in Pensacola, FL