In May 2010, ValueXpress obtained a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank, based on the SBA’s approval of a 90% guarantee under the Jobs Act program, just prior to the expiration of the stimulus program on May 31, 2010. The borrower, a dentist, owns a … [Read more...] about ValueXpress Revives SBA 7(a) Loan Secured by Dental Office

ValueXpress obtained a $4.9-million CMBS conduit loan secured by a residential apartment complex located in Lake Charles, LA. The two-story garden apartment complex, built in 1978, consists of 112 rental apartments in 14 separate buildings. Significant renovation of the property was conducted during … [Read more...] about ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in Lousiana

ValueXpress obtained 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 Obtains $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY

ValueXpress secured a $7.4-million CMBS conduit loan secured by a residential garden apartment complex located along I-45 between Houston and Dallas, Texas. The two-story garden apartment complex, built in 1984, consists of 176 rental apartments in 22 separate buildings. At closing, the property was … [Read more...] about ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas

ValueXpress obtained an $875,000 first-mortgage loan commitment 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 … [Read more...] about ValueXpress Obtains $875,000 Loan Commitment for an Americas Best Value Inn located in Canton, MS

ValueXpress obtained a $2.85-million first-mortgage loan commitment 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 hotel under the … [Read more...] about ValueXpress Obtains $2.85-Million Loan Commitment for a Hampton Inn Limited Service Hotel in Killeen, TX

ValueXpress obtained an $11-million first-mortgage loan commitment from a CMBS conduit lender to refinance a 162-room interior corridor limited service hotel constructed in 2002. The hotel is located in immediate proximity to Liberty International Airport in Newark, New Jersey. The property was sold … [Read more...] about ValueXpress Obtains $11-Million Commitment to Refinance a Franchised Limited Service Hotel at Liberty International Airport, Newark, NJ

ValueXpress obtained a $1.25-million first-mortgage loan that was utilized to refinance existing debt secured by a 6,800-square-foot net leased retail building leased to Advance Auto Parts. The improvements are located on a 1-acre site and were constructed in 2006. The improvements are in excellent … [Read more...] about ValueXpress Obtains $1.25-Million CMBS Conduit Loan for an Advance Auto Parts Retail Store in Southeast Florida