A number of our clients are calling concerned over the rise in the 10-Year Treasury and 10-Year Swap that has occurred over the past few months. After touching a 2017 low of roughly 2.00% in September 2017, the 10-Year Treasury and Swap have steadily risen to 2.90% as of last week. While the rise of … [Read more...] about 2.13.18: Putting the Rise in the 10-Year Treasury and 10-Year Swap in Perspective
Archives for 2018
ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC. The property is located in Hampton, VA. The loan will repay a short-term loan in … [Read more...] about ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
Last week we provided some exciting information for small balance CMBS borrowers ($2 million-$10 million) with the introduction of a fixed-fee CMBS conduit loan. The fee -- $25,000 -- covers all third-party transaction costs, including appraisal, property condition assessment, Phase I environmental … [Read more...] about 2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
Unrestricted cash-out and no personal guarantees are compelling features of CMBS conduit loans. To make CMBS conduit loans even more attractive, a “fixed cost” option is now available for loans between $2 million and $10 million. Furthermore, loan structure has been eased, creating a more … [Read more...] about 2.2.18: IMPORTANT UPDATE: Fixed-Cost Program Available for CMBS Conduit Loans
1.30.18: ANOTHER IMPORTANT UPDATE: Announcing Significantly Improved Bridge Loan Terms!
ValueXpress has announced an exciting bridge loan program that we want our clients to have access to right away. Our investor is seeking mortgage loans on transitional and value-added real estate projects that require time and capital to re-position, perform renovations, and/or increase rents. The … [Read more...] about 1.30.18: ANOTHER IMPORTANT UPDATE: Announcing Significantly Improved Bridge Loan Terms!
1.24.18: Zions National Real Estate Program Available for Hotels After 10-Year Hiatus
Zions Bank National Real Estate lending program has reopened for hotels. While the Zion’s National Real Estate platform remained available through the financial crisis, the program was closed for hotels at that time. Zions Bank is now accepting applications for conventional and SBA 504 loans in Utah … [Read more...] about 1.24.18: Zions National Real Estate Program Available for Hotels After 10-Year Hiatus
1.19.18: Lower CMBS Spreads Helping CMBS Conduit Loan Rates
With fresh allocations of money to invest, Commercial Mortgage-Backed Securities (CMBS) buyers were lining up to place orders for the first CMBS conduit offering to hit the market in 2018. With more investor demand than supply of CMBS bonds, dealers are tightening the spreads across all bond … [Read more...] about 1.19.18: Lower CMBS Spreads Helping CMBS Conduit Loan Rates
$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
1.14.18: Amazon Creates Short List for New HQ2 Location
Amazon announced that it reduced its candidate locations for its second headquarters (HQ2) from 238 to 20. Candidate metropolitan areas are as follows: Atlanta, Austin, Boston, Chicago, Columbus, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Nashville, Newark, New York City, … [Read more...] about 1.14.18: Amazon Creates Short List for New HQ2 Location
1.11.18: Walmart Closes 63 Sam’s Club Stores; 10-12 to Become Fulfillment Centers
Walmart is closing 63 Sam’s Club stores across the United States. The closings will impact about 9,400 employees, according to a Walmart official. In some cases, employees were not told their store had closed before they showed up for work on Thursday. Those employees learned their store was closed … [Read more...] about 1.11.18: Walmart Closes 63 Sam’s Club Stores; 10-12 to Become Fulfillment Centers