Bloomberg recently reported that Allegiant Travel Company wants to add real estate development to its list of corporate activities. The company is embarking on an audacious plan to build a 22-acre resort compound with a hotel, condominiums, bars and restaurants on the Florida Gulf Coast in Port … [Read more...] about 8.23.17: Airlines and Resort Development – Perfect Together?
8.18.17: Dennis Suh to Represent ValueXpress at SSA Conference & Trade Show
Dennis Suh will be representing ValueXpress at the Self-Storage Association’s (SSA) 2017 Fall Conference & Trade Show. The conference, which will be held at Caesar’s Palace in Las Vegas, Nevada, begins on Tuesday, September 5 with conference and trade show registration. Concurrent education … [Read more...] about 8.18.17: Dennis Suh to Represent ValueXpress at SSA Conference & Trade Show
8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
Most borrowers are aware that hotel properties are eligible for CMBS conduit loans. However, some sponsors mistakenly believe that all hotels are eligible for CMBS conduit loans, but that is not true. In general, independent hotels that are not operated under a nationally recognized franchise brand … [Read more...] about 8.14.17: Which Hotel Brands Are Eligible for CMBS Conduit Loans?
8.9.17: Remember, ValueXpress Will Help Clients Through the Assumption Process
ValueXpress has many borrower clients who obtain CMBS conduit loans for the sole purpose of selling the property under the assumption clause. How many times have we heard “the acquisition deal fell apart because the buyer could not secure financing?” Selling the property under the loan assumption … [Read more...] about 8.9.17: Remember, ValueXpress Will Help Clients Through the Assumption Process
8.4.17: Dennis Suh Promoted to Senior Vice President at ValueXpress
ValueXpress LLC has announced the promotion of Dennis Suh to Senior Vice President, Originations. The announcement was made by Michael D. Sneden, Executive Vice President at ValueXpress. “Dennis’s passion for structuring loan transactions that provide the best terms for his clients has been evident … [Read more...] about 8.4.17: Dennis Suh Promoted to Senior Vice President at ValueXpress
7.31.17: ValueXpress Actively Pursuing Bridge Loans
One method to increase CMBS conduit loan originations is to provide bridge loans on assets that are eligible for CMBS conduit loans, but are temporarily underperforming. Typical situations are properties that may be in lease-up, perhaps in conjunction with a rehabilitation program that will make the … [Read more...] about 7.31.17: ValueXpress Actively Pursuing Bridge Loans
7.26.17: Today’s Blue Light Special … a Refund of Your CMBS Good Faith Deposit at Closing
With the potential demise of Kmart the old “Blue Light Special” may become a thing of the past. Kmart became known for its "Blue Light Specials" that occurred at surprise moments when a store worker would light up a mobile police light and offer a discount in a specific department of the store, … [Read more...] about 7.26.17: Today’s Blue Light Special … a Refund of Your CMBS Good Faith Deposit at Closing
7.21.17: “Loan Sizing” Accurately Determines Loan Amounts for CMBS Conduit Loans …
We are in the business of providing loan quotes for CMBS conduit loans. To do this requires loan sizing. Here’s the detailed method we use: CMBS conduit loans are based on the amount of property cash flow. To determine the maximum loan amount that can be offered to a borrower, CMBS loan … [Read more...] about 7.21.17: “Loan Sizing” Accurately Determines Loan Amounts for CMBS Conduit Loans …
7.18.17: … While Using Debt Yield Allows for a Quick Size of a CMBS Conduit Loan
When time does not permit for a detailed loan sizing analysis, a reasonably accurate shortcut method can roughly determine the maximum CMBS conduit loan amount that can be offered to a borrower. The method utilizes a metric called “debt yield,” which is defined as the property net cash flow for the … [Read more...] about 7.18.17: … While Using Debt Yield Allows for a Quick Size of a CMBS Conduit Loan
7.12.17: Document All Tank Removals Please
We recently had to work through an environmental issue on a transaction because of shoddy work by a firm that completed the prior Phase I Environmental Site Assessment (ESA) and lack of documentation on the removal of an underground storage tank that occurred prior to 1992. The story starts with the … [Read more...] about 7.12.17: Document All Tank Removals Please
