On April 23-24, 2015 ValueXpress will be exhibiting at the annual Asian American Hotel Owners Association (AAHOA) Trade Show in Long Beach, California. ValueXpress will be located in Booth 559 at the Long Beach Convention Center noon-6:00 p.m. on Thursday, April 23 and noon-5:00 p.m. on Friday, April 24. The entire four-day event will showcase nationally known guest speakers, educational workshops featuring industry leaders, and more than 400 hospitality-related vendors offering the very latest products and services for the hospitality industry.
“ValueXpress is an Allied Member of AAHOA and has been exhibiting at the AAHOA Trade Show for over 15 years,” commented Michael D. Sneden, Executive Vice President at ValueXpress. “We have completed over 200 hotel loans during this period with many of those loans to AAHOA members. The trade show presents an excellent opportunity to allow hotel owners to meet personally with us to learn how we can assist them with their financing needs.”
“This year it’s particularly important for us to talk with our clients,” stressed Jay Bhakta, a senior loan originator at the ValueXpress Jackson, Mississippi, office and active AAHOA member. “Many hoteliers are not fully aware that the CMBS conduit loan market is aggressively seeking quality hospitality loans from owners of hotels. In addition, with the increase in SBA loan limits to $5 million, hoteliers have more options than ever to secure financing for their hotels.”
“CMBS conduit loans for hotels provide for unrestricted cash out up to 70% loan-to-value, have no personal guarantees and right now feature 10-year fixed interest rates in the 4.5% area. These rates are at the lowest levels in the 20-year history of CMBS conduit lending,” said Bhakta.
ValueXpress welcomes the opportunity to meet with hotel owners at the trade show to explain in detail its SBA 7(a), SBA 504, USDA B&I, CMBS conduit and conventional loans for hospitality properties. Call Jay Bhakta at 601-918-2850 for your personal appointment.