ValueXpress obtained a $2.5-million SBA 7(a) first-mortgage loan commitment with its banking partner, Westbound Bank, for a 2-story, 64-room limited-service franchised hotel located in Houston, TX and operating under the flag of Comfort Suites. The property was constructed in 2000. The building, … [Read more...] about ValueXpress Obtains $2.4-Million SBA 7(a) Loan Commitment for a Comfort Suites Limited Service Hotel in Houston, TX

ValueXpress obtained a $250,000 conventional first-mortgage loan approval from one of its Mississippi banking partners for the refinancing of a gasoline station located in a suburb of Jackson, MS. The facility is a 3-bay, 6-pump operation that provides 3 grades of gasoline plus diesel. The station … [Read more...] about ValueXpress Obtains a $250,000 Loan Approval for an Independent Gasoline Station in Mississippi

ValueXpress arranged financing for three limited- and select-service interior corridor hotels constructed in 2008 and 2009 and located in West Virginia. The transaction was structured with a 10-year, fixed-rate term based on a 25-year amortization schedule. The properties, owned by Mountain West … [Read more...] about ValueXpress Obtains $33,750,000 CMBS Loan for 3 Hotels in West Virginia

ValueXpress obtained a $1,400,000 first mortgage loan commitment from a southeastern U.S. banking partner secured by a 48-unit Best Western hotel in Canton, MS. The loan commitment is subject to receipt of an SBA 7(a) loan guarantee. The building was constructed in 2000 and consists of 23,782± … [Read more...] about ValueXpress Obtains a $1,400,000 SBA 7(a) Loan Commitment for a Best Western Hotel in Canton, MS

ValueXpress arranged a $2,325,000 first mortgage loan secured by a mixed-use office/warehouse/showroom building that is 100% owner-occupied by a plumbing supply company. The building consists of 19,200 square feet and includes four floors plus a basement, situated on a 0.147± acre site. Each of the … [Read more...] about ValueXpress Closes Loan Secured by Mixed-Use Industrial Property in Brooklyn, NY

ValueXpress obtained a $6,950,000 first-mortgage loan commitment from its New York banking partner, Country Bank, in conjunction with an SBA 504 second mortgage for the acquisition of a seven-story, 210-room, limited service hotel constructed in June 2003; the property is located in northern New … [Read more...] about ValueXpress Obtains an SBA 504 Loan Commitment for the Acquisition of a Country Inn & Suites Limited Service Hotel in New Jersey

ValueXpress closed on a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank. The loan, an SBA 7(a) loan, was approved based on the SBA’s approval of a 90% guarantee under the Jobs Act program. The transaction was approved on a floating-rate basis with a 6% start-rate and a … [Read more...] about ValueXpress Closes SBA 7(a) Loan Secured by Dental Office

ValueXpress has obtained a $4.125-million CMBS conduit loan commitment for the refinance of a Candlewood Suites constructed in 2008 in Augusta, GA. The property is a 3-story, 84-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards. The property … [Read more...] about ValueXpress Obtains $4.125-Million CMBS Conduit Loan for the Refinance of an 84-Room Candlewood Suites