ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a four-story Hampton Inn hotel constructed in 2015. The loan provided an opportunity to pay off an existing SBA 504 loan and some additional high-cost construction debt. The new loan features a lower monthly payment based … [Read more...] about ValueXpress Obtains $5.5-Million CMBS Conduit Loan for the Refinance of a 78-Room Hampton Inn & Suites in Richland, MS
Archives for 2019
ValueXpress Obtains $6.1 Million CMBS Conduit Loan for CCTG Grad for the Refinance of Grand Haven Villas Apartments II in Bowling Green, KY
ValueXpress has arranged a $6,100,000 CMBS conduit loan for the refinance of an 88-unit apartment development located in Bowling Green, Kentucky. The project is owned locally by Rodgers Real Estate Holdings and Rodney Rodgers, who constructed the project in 2015-2016. The project is 100% occupied. … [Read more...] about ValueXpress Obtains $6.1 Million CMBS Conduit Loan for CCTG Grad for the Refinance of Grand Haven Villas Apartments II in Bowling Green, KY
ValueXpress Arranges $20-Million CMBS Conduit Loan for the Refinance of a Portfolio of Drugstores Located in Michigan, Georgia and Puerto Rico
ValueXpress has arranged a $20-million CMBS conduit loan for the refinance of five free-standing drugstores. Two of the stores are Walgreens located in Guaynabo and Carolina, Puerto Rico. Two of the stores are Rite Aid located in Michigan, one in Selby Township and the other in Coldwater. The fifth … [Read more...] about ValueXpress Arranges $20-Million CMBS Conduit Loan for the Refinance of a Portfolio of Drugstores Located in Michigan, Georgia and Puerto Rico
1.4.19: JPMorgan Wins CMBS Crown for 2018
JPMorgan has taken the top spot for CMBS loan originations for 2018, according to Commercial Mortgage Alert. JPMorgan unseated Goldman Sachs, which led the industry in loan contributions to CMBS transactions in 2017. JPMorgan contributed $9.7 billion of CMBS loans to CMBS transactions in 2018, while … [Read more...] about 1.4.19: JPMorgan Wins CMBS Crown for 2018
ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, Florida Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings … [Read more...] about ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
ValueXpress Obtains $2.8-Million CMBS Conduit Loan for a Single-Tenant Industrial Building in Saint George, UT
ValueXpress obtained a $2.8-million first-mortgage CMBS conduit loan that was utilized to refinance a 102,460-square-foot, single-tenant, light manufacturing building located in the Fort Pierce Industrial Park in Saint George, Utah. The building is 100% occupied and leased to Milliken Inc., a … [Read more...] about ValueXpress Obtains $2.8-Million CMBS Conduit Loan for a Single-Tenant Industrial Building in Saint George, UT
1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019
For 2019, CMBS issuance will decline to $65 billion and multi-borrower conduit loans to $30 billion, according to Kroll Bond Rating Agency (KBRA) predictions. KBRA indicates that the following factors may contribute to a decline: fewer CMBS loan maturities -- less than $10 billion of conduit loans … [Read more...] about 1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019
ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a 114-room Holiday Inn Express and Suites located in Orange City, Florida. The property is a four-story hotel constructed in 2003 and renovated in 2013. The loan provided cash out to the borrower for a future Property … [Read more...] about ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL