ValueXpress has arranged an SBA 504 loan transaction to refinance a conventional owner-occupied real estate loan held by its affiliate, Country Bank. The existing $990,000 loan carries an interest rate in excess of 8% and will be refinanced with a new first mortgage from Country Bank in the mid-6% … [Read more...] about ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY
9.19.18: Observation Decks Can Be Big Moneymakers!
Observation decks atop Manhattan’s World Trade Center, Rockefeller Center and the Empire State Building offer sweeping panoramas that “stretch for miles,” according to a recent article in the Wall Street Journal. The three viewing platforms attract more than 9 million visitors combined each year. … [Read more...] about 9.19.18: Observation Decks Can Be Big Moneymakers!
ValueXpress Closes $5-Million SBA 7(a) Loan Secured by an 81-Room Comfort Inn in Brooklyn, NY
ValueXpress closed on a $5-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of a Comfort Inn limited service hotel in Brooklyn, NY. The property securing the loan is a newly constructed 4-story, 81-room limited-service hotel that opened in … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan Secured by an 81-Room Comfort Inn in Brooklyn, NY
ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL
ValueXpress closed a $6.5-million CMBS conduit first-mortgage loan on a 19-building, 2-story apartment complex constructed in 1972 and renovated in 2010 located in Jacksonville, FL. The transaction was a cash-out refinance of an existing loan that has been utilized to rehabilitate the property. The … [Read more...] about ValueXpress Closes $6,500,000 CMBS Conduit Loan Secured by a 242-Unit Apartment Complex located in Jacksonville, FL
ValueXpress Closes $875,000 SBA 7(a) Loan Secured by Americas Best Value Inn
ValueXpress closed an $875,000 first-mortgage loan on a 2-story, 40-room exterior corridor limited-service hotel built in 1987 on a 1.4-acre site in Canton, Madison County, MS. The property is franchised as an Americas Best Value Inn budget branded hotel. The property is located adjacent to I-55 at … [Read more...] about ValueXpress Closes $875,000 SBA 7(a) Loan Secured by Americas Best Value Inn
ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress closed a $2.85-million first-mortgage loan with a Texas banking partner, Herring Bank, for a 3-story, 62-room interior-corridor limited-service hotel built in 1999 on a 1.5-acre site in Killeen, Bell County, TX. The property is franchised as a Hampton Inn. Located in the southwest … [Read more...] about ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress Closes $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress closed on a $5.15-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of an independent limited service hotel in the Long Island City section of Queens, NY. The property is a 3-story, interior corridor, 78-room, limited-service, … [Read more...] about ValueXpress Closes $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
9.14.18: Loan Submissions Rise in September for ValueXpress
Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is over, and borrowers are back to … [Read more...] about 9.14.18: Loan Submissions Rise in September for ValueXpress
ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress closed on a $5-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2009 in Houston, TX. The property is a 3-story, 81-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards in 2009; its grand opening was … [Read more...] about ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
ValueXpress obtained a $1.5-million first-mortgage loan commitment from a Midwest commercial bank for the refinance of a self-storage facility in Butler County, a northern Cincinnati, OH suburb. The commitment is subject to receipt of an SBA 7(a) guarantee. Built in 1997, the 24,715-square-foot, … [Read more...] about ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
