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 January 2022
1.31.22: SOFR IS HERE FOR CMBS CONDUIT LOANS – WHAT DOES IT MEAN?
In July 2018, we posted that finance professionals agreed that the Secured Overnight Financing Rate, or SOFR, would be the likely replacement for LIBOR by the end of 2021, when the LIBOR index was scheduled to be phased out. The SOFR is a broad measure of the cost of borrowing cash overnight … [Read more...] about 1.31.22: SOFR IS HERE FOR CMBS CONDUIT LOANS – WHAT DOES IT MEAN?
1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its fourth-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, vaccines and booster shots paved the way for a brief return to some semblance of normalcy; however, as we enter 2022 the nearly two-year global health crisis is … [Read more...] about 1.17.22: Q4 2021 U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
1.9.22: SL GREEN’S ONE VANDERBILT IS 95% LEASED, EXCEEDING YEAREND GOAL
SL Green Realty, Manhattan’s largest office landlord, reported its trophy One Vanderbilt tower is 95.2% leased, even as its overall fourth-quarter occupancy rate declined. It's just the latest sign that coveted top-tier properties are attracting tenants even while New York’s office market is still … [Read more...] about 1.9.22: SL GREEN’S ONE VANDERBILT IS 95% LEASED, EXCEEDING YEAREND GOAL
