CBRE notes that capitalization rates (cap rates) were little changed in the second half of 2018 in its recently published survey for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of December 31, 2018.The industrial sector registered small declines in … [Read more...] about 2.26.19: CBRE Reports on Cap Rates at Yearend 2018
Archives for February 2019
2.20.19: Texas Man Retires at a Holiday Inn Express – It’s Cheaper Than the Alternative!
ValueXpress has a keen interest in hotel loans and we have provided a lot of hotel loans, over 400 -- since inception. This new hotel trend? It’s a beauty! A Texas man on the brink of retirement wants to spend his golden years relaxing at a Holiday Inn instead of in a retirement home. … [Read more...] about 2.20.19: Texas Man Retires at a Holiday Inn Express – It’s Cheaper Than the Alternative!
2.15.19: Lenders Roll Out “CMBS-Like” Loan Programs
ValueXpress has been originating CMBS conduit loans for over 25 years. In that time, we have been a leader in originating loans for newly launched CMBS programs that offer a better value proposition for our clients than existing options. Whenever new programs are developed, we are typically the … [Read more...] about 2.15.19: Lenders Roll Out “CMBS-Like” Loan Programs
ValueXpress Arranges $4,875,000 CMBS Conduit Loan for the Refinance of a 90-Unit Apartment Complex Located in Homestead, FL
ValueXpress has arranged a $4,875,000 CMBS conduit loan for the refinance of a 90-unit apartment complex located in Homestead, Florida. The community is located just east of State Highway 821, which leads north to Miami and south to the Florida Keys. The property is in immediate proximity to … [Read more...] about ValueXpress Arranges $4,875,000 CMBS Conduit Loan for the Refinance of a 90-Unit Apartment Complex Located in Homestead, FL
2.12.19: More Takeaways from the MBA/CREF Conference
Capital for investment in real estate debt and equity is anticipated to be plentiful in 2019, according to panelists at the MBA CREF/Multifamily Housing Convention & Expo held in San Diego this week. But the abundance of capital is creating intense competition. CMBS lenders will likely continue … [Read more...] about 2.12.19: More Takeaways from the MBA/CREF Conference
ValueXpress Secures a $1,443,750 Community Bank Loan for the Purchase of a Warehouse in Houston, TX for Long-Time Client
ValueXpress obtained a $1,443,750 first-mortgage loan that was utilized to purchase a 32,800-square-foot, two-building warehouse complex located at 510 Midland Avenue in Houston, Texas. The building will be owner-occupied by an affiliated company owned by the client. The loan was arranged by … [Read more...] about ValueXpress Secures a $1,443,750 Community Bank Loan for the Purchase of a Warehouse in Houston, TX for Long-Time Client
ValueXpress Obtains $4.8-Million CMBS Conduit Loan for Neighborhood Shopping Center Located in Mansfield, Warren County, NJ
ValueXpress obtained a $4.8-million first-mortgage loan that was utilized to refinance existing debt secured by a 28,000-square-foot neighborhood shopping center located in Mansfield Township, Warren County, New Jersey. The property is currently 100% occupied by 12 tenants and is anchored by an … [Read more...] about ValueXpress Obtains $4.8-Million CMBS Conduit Loan for Neighborhood Shopping Center Located in Mansfield, Warren County, NJ
ValueXpress Arranges $11,000,000 CMBS Conduit Loan for the Refinance of a Hilton Garden Inn in Pascagoula, MS
ValueXpress obtained an $11-million CMBS conduit loan for the refinance of a 119-room Hilton Garden Inn located in Pascagoula, Mississippi. The 5-story property was constructed in 2014 and is the number one-rated hotel in the Pascagoula market, according to TripAdvisor. The loan refinanced a … [Read more...] about ValueXpress Arranges $11,000,000 CMBS Conduit Loan for the Refinance of a Hilton Garden Inn in Pascagoula, MS
ValueXpress Arranges $8,200,000 CMBS Conduit Loan for the Purchase of a Hilton Garden Inn in Killeen, TX
ValueXpress obtained an $8,200,000 CMBS conduit loan for the purchase of a 102-room Hilton Garden Inn located in Killen, Texas. The purchaser, Vui Le, will complete a change-of-ownership Property Improvement Plan (PIP) in conjunction with a new 15-year franchise agreement with Hilton Worldwide. The … [Read more...] about ValueXpress Arranges $8,200,000 CMBS Conduit Loan for the Purchase of a Hilton Garden Inn in Killeen, TX
ValueXpress Arranges $9,000,000 Community Bank Loan to Refinance a 103-Room Wingate by Wyndham Hotel Located Near JFK Airport
ValueXpress obtained a $9,000,000 community bank loan to refinance a construction loan that was utilized to construct a 6-story, 103-room Wingate by Wyndham hotel located minutes from John F. Kennedy (JFK) airport. This transaction is the second closing completed by ValueXpress for this client. The … [Read more...] about ValueXpress Arranges $9,000,000 Community Bank Loan to Refinance a 103-Room Wingate by Wyndham Hotel Located Near JFK Airport
