ValueXpress closed on a $1,950,000 first-mortgage loan commitment secured by a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The loan was supported by a 90% SBA loan guarantee. The property, built in 1998, is located in Lumberton, NC at Exit 20 of I-95. … [Read more...] about ValueXpress Closes $1,950,000 SBA 7(a) Loan with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC

ValueXpress obtained an $800,000 commitment from Country Bank, New York, N.Y., for a 10-year self-amortizing leasehold improvement loan subject to receipt of a SBA 7(a) loan guarantee. The loan will be used to finance leasehold improvements to renovate, expand and reposition a health club/fitness … [Read more...] about ValueXpress Obtains $800,000 Commitment to Construct Leasehold Improvements for a 20,000-Square-Foot Fitness Center

ValueXpress obtained a $4.5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, from the SBA for a beverage distribution company located in Batesville, MS. The property securing the loan is a 1-story 59,500-square-foot industrial … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Beverage Distribution Company in Batesville, MS

ValueXpress obtained a $1,950,000 first-mortgage loan commitment from the SBA for a 57-room limited-service hotel operating under a Country Inn & Suites franchise. The 90% SBA loan guarantee of $1,755,000 is the first loan approval for ValueXpress based on the new SBA guarantee limits. Prior to … [Read more...] about ValueXpress Obtains $1,950,000 SBA 7(a) Loan Commitment with 90% Guarantee for a Country Inn & Suites Hotel in Lumberton, NC

ValueXpress closed on a $3.6 million USDA loan note guarantee (80% of the loan amount) to support a $4.5 million refinancing of a 58-room limited-service hotel located in Ithaca, NY. The loan refinanced a first mortgage held by Ares Capital and a second mortgage held by the bankrupt estate of … [Read more...] about ValueXpress Closes the Refinancing of a 58-Room Limited-Service Hotel in Ithaca, NY using the USDA B&I Program

ValueXpress obtained a $1,438,335 first-mortgage loan commitment in conjunction with a $1,555,665 SBA 504 second-mortgage loan to be utilized to acquire a single-story industrial building located in Farmingdale, NY. The property is utilized as a showroom, warehouse and distribution center for a … [Read more...] about ValueXpress Obtains Commitment Using SBA 504 Loan Program for the Acquisition of an Industrial Building in Long Island, NY

ValueXpress closed a $225,000, 10-year self-amortizing leasehold improvement loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of Guaranty Bank, the Mississippi banking partner … [Read more...] about ValueXpress Closes $225,000 SBA 7(a) Loan to Construct Leasehold Improvements for a Subway Restaurant; Borrower Plans Call for 10 Additional Sites

ValueXpress obtained an $866,000 construction loan commitment from ValueXpress’ Mississippi banking partner, Guaranty Bank to be used to construct an 8,000-square-foot retail building that has been pre-leased to three tenants. The transaction was originated by Jay Bhakta in Valuexpress’ Mississippi … [Read more...] about ValueXpress Obtains $866,000 Loan Commitment to Construct an 8,000-square-foot Multi-Tenant Retail Building in Vicksburg, MS

ValueXpress obtained a $225,000, 10-year self-amortizing leasehold improvement loan commitment from the SBA 7(a) loan program to construct leasehold improvements for a Subway restaurant located in Rolling Fork, Mississippi. The loan was underwritten and submitted to the SBA on behalf of … [Read more...] about ValueXpress Obtains $225,000 SBA 7(a) Loan Commitment to Construct Leasehold Improvements for a Subway Restaurant