ValueXpress has arranged a $5.2-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed in 1999 and renovated in 2013 after the completion of a major change-of-ownership PIP required by the IHG franchise at a cost in excess of $1 million. The hotel is … [Read more...] about ValueXpress Arranges $5.2-Million CMBS Conduit Loan for the Refinance of 72-Room Holiday Inn Express in Kingwood, TX
Archives for 2018
ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center in Suburban Atlanta, GA
ValueXpress obtained a $5.5-million first-mortgage loan that was utilized to refinance existing debt secured by a 20,000-square-foot neighborhood shopping center located in the Atlanta MSA. The property, currently 100% occupied by nine tenants, was constructed in 2004 and is in excellent condition. … [Read more...] about ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center in Suburban Atlanta, GA
ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
ValueXpress has arranged a $4.76-million CMBS conduit loan for the refinance of a three-story Quality Inn and Suites hotel constructed in 2012 and located in Bryan, Texas. The property is situated on Highway 6 near Highway 21, just north of College Station, Texas, home of Texas A&M University. The … [Read more...] about ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 73-Room Holiday Inn Express in Snyder, TX for AAHOA Members Bharat Bhakta and Amit Bhakta
ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed in 2008 and located in Snyder, Texas. The property is situated on State Highway 180 near State Highway 84, approximately a one-hour drive west of Abilene. The property is … [Read more...] about ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 73-Room Holiday Inn Express in Snyder, TX for AAHOA Members Bharat Bhakta and Amit Bhakta
ValueXpress Arranges a $5.1-Million Conventional Loan for a Brooklyn, NY-Based Clothing Retailer
ValueXpress obtained a $5,100,000 conventional first mortgage loan from a N.J.-based community bank secured by two industrial buildings located on Williams Street in Brooklyn, N.Y. The sponsor will operate a vintage clothing store in part of the first floor space of the building, adding to the … [Read more...] about ValueXpress Arranges a $5.1-Million Conventional Loan for a Brooklyn, NY-Based Clothing Retailer
11.9.18: Why Is Non-Recourse Important?
One of the primary benefits of CMBS conduit loans is that they are non-recourse. As such, the borrower and guarantor (typically an individual who owns or controls the majority of the borrowing entity) are not personally liable for repayment of the loan in the event of default and foreclosure. The … [Read more...] about 11.9.18: Why Is Non-Recourse Important?
ValueXpress Obtains $5-Million SBA 7(a) Loan Commitment for the Construction of a Holiday Inn Express Near Yankee Stadium
ValueXpress obtained a $5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the Small Business Administration for the construction of an 85-room Holiday Inn Express hotel at 500 Exterior Street, Bronx, N.Y. The property is located less than one mile from … [Read more...] about ValueXpress Obtains $5-Million SBA 7(a) Loan Commitment for the Construction of a Holiday Inn Express Near Yankee Stadium
ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 73-Room Holiday Inn Express in Snyder, TX
ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed in 2008 and located in Snyder, Texas. The property is situated on Hwy 180 near Hwy 84, approximately a one-hour drive west of Abilene. The property is located immediately … [Read more...] about ValueXpress Arranges $6-Million CMBS Conduit Loan for the Refinance of 73-Room Holiday Inn Express in Snyder, TX
11.6.18: What Are Non-Recourse Carve-outs?
While all CMBS loans are non-recourse, there is a caveat. Nearly all non-recourse commercial real estate loans have provisions whereby if the individual(s) who own the property (known as the “sponsors”) commit what is referred to in the lending industry as “bad person acts,” then the loan can be … [Read more...] about 11.6.18: What Are Non-Recourse Carve-outs?
ValueXpress Lines Up CMBS Conduit Deal for Client of 15 Years
ValueXpress has arranged a CMBS conduit loan secured by a portfolio of two hotels, the Econolodge - Ithaca and the Country Inn and Suites - Ithaca, both located in Ithaca, New York. The properties are owned by Jay Bramhandkar. "The transaction was nothing unusual, as it represents just 1 of the 250 … [Read more...] about ValueXpress Lines Up CMBS Conduit Deal for Client of 15 Years