Manufactured Housing Community loans are extremely popular in CMBS. Manufactured Housing Communities (MHCs) are developments in which the landlord leases land “lots” to tenants who then buy or build a manufactured home on the lot. The tenant pays monthly rent to the landlord for the lot. Sometimes … [Read more...] about 6.25.19: Manufactured Housing Loans with an RV Component Okay in CMBS
Archives for June 2019
Empire Outlets New York City, a 350,000-square-foot retail outlet complex in the St. George neighborhood of Staten Island opened May 15. Construction on Empire Outlets started in 2015. When the $300-million center is fully completed in August 2019, it will include 100 designer outlets. It is the … [Read more...] about 6.20.19: Outlet Mall Opens in Staten Island, N.Y.
Bridge loan terms have improved significantly during the past three months, attributable to the efficiency of commercial real estate Collateralized Loan Obligations (CLOs) issuance and strong investor demand for CLOs. The most competitively priced bridge loans today end up in CLOs. Pricing for … [Read more...] about 6.10.19: Bridge Loan Terms Improve Significantly
I get most of my technology upgrades from my kids. They dragged me into Uber. And now? I can’t live without it. Door Dash and Grubhub have put on a few pounds on me. But a more recent app really saved the day. My daughter isn’t big on having a lot of computer equipment taking up space in her … [Read more...] about 6.6.19: How CamScanner Saved a Deal!
Every Monday ValueXpress publishes current CMBS conduit loan rates. You can sign up to receive our rate sheet at https://www.valuexpress.com/cmbs-conduit-loan-rate-sheet/. We also provide commentary on the latest CMBS market news along with the rate sheet exclusively for subscribers to our rate … [Read more...] about 6.3.19: Don’t Forget to Sign Up for Our Rate Sheet
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a Best Western Hotel constructed in 2002. The three-story property is located near the Galleria section of Houston, Texas. The subject property was acquired by Fountainview BW, LLC in August 2014. The property was … [Read more...] about ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX