ValueXpress has been providing loan servicing support for CMBS conduit loans to clients for many years. We have increased our capacity to help more clients with servicing submissions and are accepting a limited number of new clients for 2022. ValueXpress will prepare all servicing documentation … [Read more...] about 9.30.21: VALUEXPRESS ACCEPTING NEW CLIENTS FOR 2022 CMBS SERVICING SUPPORT
Archives for September 2021
VALUEXPRESS OBTAINS $3.5-MILLION CMBS CONDUIT LOAN FOR OMNI SELF-STORAGE IN FAYETTEVILLE, NC
ValueXpress obtained a $3.5-million CMBS conduit loan secured by Omni Self-Storage, a 430-unit self-storage facility located in Fayetteville, North Carolina. The new CMBS conduit loan refinanced $1.5 million of existing debt, providing $2 million in cash-out proceeds to the borrower. The proceeds … [Read more...] about VALUEXPRESS OBTAINS $3.5-MILLION CMBS CONDUIT LOAN FOR OMNI SELF-STORAGE IN FAYETTEVILLE, NC
9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
SBA Administrator Guzman has announced major enhancements to the COVID Economic Injury Disaster Loan Program (EIDL) targeting hard-hit sectors such as restaurants, gyms and hotels. The program cap has been increased to $2 million, uses of funds have been expanded to include payment of past and … [Read more...] about 9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
9.10.21: SBA 7(a) FEE WAIVERS END
SBA 7(a) fee waivers from the CARES Act will end on September 30, 2021. For eligible borrowers, the CARES Act covered six months of loan payments with a cap of $9,000 a month. Guarantee fees and servicing fees were waived, and the guarantee was increased from 75% to 90% on all 7(a) loans up to $5 … [Read more...] about 9.10.21: SBA 7(a) FEE WAIVERS END
