Archives for January 2019

ValueXpress has arranged a $2.0-million first mortgage CMBS conduit loan for the refinance of an industrial/flex building located in the Greektown section of Chicago, Illinois. The purpose of the loan was to obtain a ten-year fixed-rate loan term on a non-recourse basis to replace an existing … [Read more...] about ValueXpress Arranges $2,000,000 CMBS Conduit Loan for the Retail Portion of a Condominium Building in Chicago, IL

ValueXpress has arranged a $3.4-million first mortgage CMBS conduit loan for the refinance of an industrial/flex building located in Warrensville Heights, a suburb of Cleveland, Ohio. The purpose of the loan was to obtain a ten-year fixed-rate loan term on a non-recourse basis to replace an existing … [Read more...] about ValueXpress Arranges $3,400,000 CMBS Conduit Loan for Industrial/Flex Building in Warrensville Heights, OH

ValueXpress has arranged an $8,630,000 first mortgage CMBS conduit loan for the Seaside Hotel Portfolio, consisting of the refinance of two independent hotels located in Seaside, Oregon. The purpose of the loan was to provide a return of equity to the sponsor and obtain a 10-year, fixed-rate loan … [Read more...] about ValueXpress Arranges $8,630,000 CMBS Conduit Loan for 2 Independent Hotels in Seaside, OR

ValueXpress has arranged a $1.5-million CMBS conduit loan for the refinance of a 17,512-square-foot neighborhood retail center located in Las Vegas, Nevada. The property was constructed in 1989 and is located less than four miles northeast of Downtown Las Vegas. The property, purchased by the … [Read more...] about ValueXpress Arranges $1,500,000 CMBS Conduit Loan Through Fixed-Fee Program for the Refinance of All City Plaza Located in Las Vegas, NV

ValueXpress has arranged a $5.2-million loan for the purchase of the Fairfield Inn & Suites – Chattanooga South/East Ridge. The three-story hotel was recently renovated to the latest Marriott brand standard by the prior owners who elected to sell the property with the work completed. The … [Read more...] about ValueXpress Arranges $5,200,000 Loan for the Purchase of a Fairfield Inn & Suites in Chattanooga, TN

ValueXpress has arranged a $3,550,000 Fannie Mae CMBS conduit loan for the purchase of a portfolio of six small apartment buildings located in Norfolk, Virginia. The loan represented 80% of the $4,437,500 purchase price. The properties are known as Castaways, Fisherman’s, Havana Beach, Blue Marlin, … [Read more...] about ValueXpress Arranges $3,550,000 Fannie Mae Small Balance Multifamily Loan for the Purchase of the Boardwalk Apartment Portfolio, Norfolk, VA

ValueXpress has arranged a $4.8-million CMBS conduit loan for the purchase of a 34,930-square-foot office/retail center located in Parkland, Florida. The property was constructed in 2004 and is located 50 miles north of Miami and 15 miles west of Boca Raton in desirable Broward County. The property … [Read more...] about ValueXpress Arranges $4,800,000 CMBS Conduit Loan for the Purchase of Parkland Town Center Located in Parkland, FL

ValueXpress has arranged a $7.25-million CMBS conduit loan for the refinance of a three-story Quality Suites hotel constructed in 1990 and renovated in 2015-2017. The hotel is located in the Buckhead Village section of Atlanta, Georgia. Amenities include a meeting room, exercise room, complimentary … [Read more...] about ValueXpress Arranges $7,250,000 CMBS Conduit Loan for the Refinance of an 88-Room Quality Suites Located in Atlanta, GA

ValueXpress obtained a $17-million first-mortgage loan that was utilized to refinance existing debt and provide cash-out proceeds secured by a portfolio of three extended-stay hotels located in metropolitan Louisiana: the Suburban Extended Stay, La Place, LA; the Suburban Extended Stay, Avondale, … [Read more...] about ValueXpress Obtains $17-Million CMBS Conduit Loan for a Portfolio of 3 Hotels Located in Metropolitan New Orleans, LA