ValueXpress has arranged a $9,000,000 CMBS conduit loan for the refinance of Tally Ho Shopping Center, a 25,100-square-foot neighborhood shopping center anchored by a Bank of America banking center that is leased until 2030. The property is located at the corner of Naamans Road and Concord Pike in … [Read more...] about ValueXpress Obtains $9-Million CMBS Conduit Loan for a Neighborhood Shopping Center in Wilmington, DE for Client of CCTG Grad
Archives for 2019
ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution and Manufacturing Center in Ambridge (Pittsburgh), PA
ValueXpress has arranged a $15-million CMBS conduit loan for the refinance of a 1-million-square-foot warehouse and light manufacturing industrial park located in Ambridge, PA, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between 1920 and 1968. In … [Read more...] about ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution and Manufacturing Center in Ambridge (Pittsburgh), PA
1.14.19: Report from CREFC
Sentiment was a mix of guarded optimism with a small dose of caution at the January Commercial Real Estate Finance Conference (CREFC) held in Miami, Florida this year. At this 20th annual conference, just under 1,900 registered attendees examined real estate values. The consensus seems to be that … [Read more...] about 1.14.19: Report from CREFC
ValueXpress Obtains a $3.5-Million CMBS Conduit Loan for a 66-Room Holiday Inn Express Located in Dayton, TN
ValueXpress has arranged a $3.5-million CMBS conduit loan for the refinance of a three-story Holiday Inn Express hotel constructed in 2006. The hotel is located in Dayton, Tennessee, 40 miles northeast of Chattanooga. The sponsor purchased the property in 2010 after a period of mismanagement by … [Read more...] about ValueXpress Obtains a $3.5-Million CMBS Conduit Loan for a 66-Room Holiday Inn Express Located in Dayton, TN
ValueXpress Arranges $8-Million CMBS Conduit Loan for the Refinance of an 87-Room Candlewood Suites in Smyrna (Nashville), TN
ValueXpress has arranged an $8-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2015. Located 20 miles southeast of Nashville off I-24 in Smyrna, Tennessee, the property is a 4-story, 87-room, extended-stay, interior-corridor hotel constructed by the sponsors to … [Read more...] about ValueXpress Arranges $8-Million CMBS Conduit Loan for the Refinance of an 87-Room Candlewood Suites in Smyrna (Nashville), TN
ValueXpress Arranges $30-Million Permanent Loan for the Refinance of the Embassy Suites Hotel in Chattanooga, TN
ValueXpress has arranged a $30-million permanent loan for the refinance of the Embassy Suites Hotel in Chattanooga, Tennessee. The transaction was orchestrated by Charlie Lobetti, who manages the ValueXpress office in Knoxville, Tennessee. The transaction provided for a cash-out return of equity to … [Read more...] about ValueXpress Arranges $30-Million Permanent Loan for the Refinance of the Embassy Suites Hotel in Chattanooga, TN
ValueXpress Arranges $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
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 $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
1.10.19: Sears Survives . . . for Now; Shopko Declares Bankruptcy
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open. Lampert’s bid, boosted from an earlier $5-billion offer, prevailed after weeks … [Read more...] about 1.10.19: Sears Survives . . . for Now; Shopko Declares Bankruptcy
ValueXpress Obtains $1,725,000 Bridge Loan for the Acquisition of a Mixed-Use Retail/Office Building in Staten Island, NY
ValueXpress obtained a $1,725,000 bridge loan that was utilized to acquire a 13,652 square feet mixed-use building located in Staten Island, New York. The building is 97% occupied and leased to a mix of local retail and office tenants. “The transaction demonstrated our ability to provide financing … [Read more...] about ValueXpress Obtains $1,725,000 Bridge Loan for the Acquisition of a Mixed-Use Retail/Office Building in Staten Island, NY
ValueXpress Arranges $2,400,000 CMBS Conduit Loan for the Purchase of a 68-Unit Multifamily Apartment Complex in Hartford, CT
ValueXpress has arranged a $2.4-million CMBS conduit loan for the purchase of a 68-unit apartment complex located in Hartford, Connecticut for $4.0 million. The purchase was part of an IRS Section 1031 tax exchange for the buyer. The property consists of five four-story brick buildings constructed … [Read more...] about ValueXpress Arranges $2,400,000 CMBS Conduit Loan for the Purchase of a 68-Unit Multifamily Apartment Complex in Hartford, CT