ValueXpress has arranged a $6.37-million CMBS conduit loan for the refinance of a Hampton Inn & Suites constructed in 2006 in Greenville, Texas. The property, a 4-story, 75-room interior-corridor hotel, was constructed by the sponsors to Hampton Inn brand standards. The property, located adjacent … [Read more...] about ValueXpress Obtains $6,370,000 CMBS Loan for a Hampton Inn & Suites in Greenville, TX
Archives for 2018
ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 73-Room LaQuinta Inn & Suites in Grand Prairie, TX
ValueXpress has arranged a $5-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2009 in Grand Prairie (Dallas/Fort Worth), Texas. The property, a 4-story, 73-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites brand … [Read more...] about ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 73-Room LaQuinta Inn & Suites in Grand Prairie, TX
10.26.18: ValueXpress Completes Its 500th Loan Closing
With the closing of the Speedee Mart and Rounder’s Neighborhood Grill CMBS conduit loan transaction, ValueXpress has closed its 500th transaction for a little over $2.2 billion in loan proceeds. “Our average loan size is around $4.4 million, so you can see that ValueXpress is the ‘go-to’ source for … [Read more...] about 10.26.18: ValueXpress Completes Its 500th Loan Closing
ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
ValueXpress obtained a $9.75-million first-mortgage loan that provided a significant pay down of portfolio debt secured by two hospitality properties located in Sandusky, OH, the Best Western Plus – Sandusky and the Comfort Inn – Sandusky. Both properties are located on Milan Road, adjacent to each … [Read more...] about ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
ValueXpress Obtains $6.8-Million CMBS Conduit Loan for a Portfolio of 3 Multifamily Properties Located in Augusta and Greenville, SC
ValueXpress obtained a $6.8-million first-mortgage loan that was utilized to refinance existing debt and provide cash-out proceeds secured by a portfolio of three multifamily properties located in Augusta and Greenville, SC: Willow Wick Apartments, Pine Crest Apartments and Broadway … [Read more...] about ValueXpress Obtains $6.8-Million CMBS Conduit Loan for a Portfolio of 3 Multifamily Properties Located in Augusta and Greenville, SC
ValueXpress Arranges $5.0-Million CMBS Conduit Loan for the Refinance of a 70-Room Hampton Inn in Port Huron, MI
ValueXpress has arranged a $5.0-million CMBS conduit loan for the refinance of a Hampton Inn hotel constructed in 1998. Located in Port Huron, MI, the property is a 3-story, 70-room hotel. The property is one of the top performing Hampton Inns in the U.S. Midwest. Situated right off I-69/94, the … [Read more...] about ValueXpress Arranges $5.0-Million CMBS Conduit Loan for the Refinance of a 70-Room Hampton Inn in Port Huron, MI
10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
Borrowers give us a lot of pushback when we ask for property income and expense statements to be provided in Excel. We ask for property income and expenses at the beginning of a loan transaction in order to perform cash flow analysis to determine property value and debt service coverage. For CMBS … [Read more...] about 10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
ValueXpress Arranges $6.6-Million CMBS Conduit Loan for the Refinance of a 102-Room Holiday Inn Express in Port Clinton, OH
ValueXpress has arranged a $6.6-million CMBS conduit loan for the refinance of a 3-story Holiday Inn Express hotel constructed in 2000 and renovated in 2011. The hotel is located in the Port Clinton-Catawba Island area on the southern shore of Lake Erie. Constructed by the sponsors to Holiday Inn … [Read more...] about ValueXpress Arranges $6.6-Million CMBS Conduit Loan for the Refinance of a 102-Room Holiday Inn Express in Port Clinton, OH
ValueXpress Obtains $8-Million CMBS Conduit Loan for a 175-Room Best Western Plus in Baltimore, MD
ValueXpress obtained an $8-million first-mortgage loan that was utilized to refinance existing debt secured by a 175-room Best Western Plus hotel and convention center located in Baltimore, MD. The 3 Diamond AAA hotel is a 12-story, interior corridor hotel that was constructed in 1987; it contains … [Read more...] about ValueXpress Obtains $8-Million CMBS Conduit Loan for a 175-Room Best Western Plus in Baltimore, MD
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
