ValueXpress obtained a $6.1-million first-mortgage loan that was utilized to refinance existing debt secured by an 118,300-square-foot, 9-building warehouse facility located in the Naples, Florida Metropolitan Statistical Area. The property is currently 100% occupied by 21 tenants. The buildings … [Read more...] about ValueXpress Obtains $6.1-Million CMBS Conduit Loan for a 9-Building Industrial Park Located in Naples, FL
ValueXpress Obtains $2.8-Million CMBS Conduit Loan for a Single-Tenant Industrial Building in Saint George, UT
ValueXpress obtained a $2.8-million first-mortgage CMBS conduit loan that was utilized to refinance a 102,460-square-foot, single-tenant, light manufacturing building located in the Fort Pierce Industrial Park in Saint George, Utah. The building is 100% occupied and leased to Milliken Inc., a … [Read more...] about ValueXpress Obtains $2.8-Million CMBS Conduit Loan for a Single-Tenant Industrial Building in Saint George, UT
1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019
For 2019, CMBS issuance will decline to $65 billion and multi-borrower conduit loans to $30 billion, according to Kroll Bond Rating Agency (KBRA) predictions. KBRA indicates that the following factors may contribute to a decline: fewer CMBS loan maturities -- less than $10 billion of conduit loans … [Read more...] about 1.2.19: Meanwhile, Kroll Predicts Modest Decline in CMBS Issuance for 2019
ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a 114-room Holiday Inn Express and Suites located in Orange City, Florida. The property is a four-story hotel constructed in 2003 and renovated in 2013. The loan provided cash out to the borrower for a future Property … [Read more...] about ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL
ValueXpress Obtains a $7-Million CMBS Conduit Loan for a Portfolio of Dollar General Stores
ValueXpress has arranged a $7,005,000 CMBS conduit loan for the purchase of a portfolio of 7 retail properties net-leased to Dollar General for an initial term of 15 years with five 5-year renewal options thereafter. The purchase was part of a successful 1031 tax-deferred exchange for the sponsor. … [Read more...] about ValueXpress Obtains a $7-Million CMBS Conduit Loan for a Portfolio of Dollar General Stores
ValueXpress Obtains $4-Million CMBS Conduit Loan for Hastings Self-Storage in Westchester County, NY
ValueXpress obtained a $4-million CMBS conduit loan to refinance a $3-million CMBS conduit loan that ValueXpress provided to the sponsor ten years ago. The property, Hastings Self-Storage, is located on the west side of Saw Mill River Road, just south of Farragut Avenue in the village of … [Read more...] about ValueXpress Obtains $4-Million CMBS Conduit Loan for Hastings Self-Storage in Westchester County, NY
ValueXpress Obtains $3.7-Million CMBS Conduit Loan for a Class A Office Building Located in Boca Raton, FL
ValueXpress obtained a $3.7-million first-mortgage loan that was utilized to refinance existing debt secured by a 25,400-square-foot multi-tenant office building located in Boca Raton, Florida. The property, constructed in 2006, is currently 87% occupied by 16 tenants, primarily local professional … [Read more...] about ValueXpress Obtains $3.7-Million CMBS Conduit Loan for a Class A Office Building Located in Boca Raton, FL
ValueXpress Obtains $15,470,000 CMBS Loan for a Hilton Garden Inn located in West Virginia
ValueXpress arranged financing for a select-service interior-corridor hotel constructed in 2009 located in Morgantown, West Virginia. The transaction was structured with a 10-year, fixed-rate term based on a 25-year amortization schedule. The property, owned by Mountain West Hospitality LLC, is … [Read more...] about ValueXpress Obtains $15,470,000 CMBS Loan for a Hilton Garden Inn located in West Virginia
12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag
Scott Evans, Senior Managing Director at Government Loan Solutions (GLS), reported at the Secondary Market Summit in Washington, D.C. that for 2018 SBA 7(a) secondary market premiums are down approximately 15% from 2017. The downward trend began in July 2018, when premiums fell to 114 from 116 the … [Read more...] about 12.28.18: SBA 7(a) Secondary Market Loan Guarantee Premiums Sag
ValueXpress Obtains $3-Million CMBS Conduit Loan for the Purchase of a 64-Room Best Western Inn & Suites Located at Cleveland, OH Airport
ValueXpress arranged a $3-million CMBS conduit first-mortgage loan utilized to purchase a 64-room Best Western Inn & Suites located at the Cleveland, Ohio Airport. The property was constructed in 1997 and renovated in 2014. The Best Western Cleveland Airport is located 20 minutes from Downtown … [Read more...] about ValueXpress Obtains $3-Million CMBS Conduit Loan for the Purchase of a 64-Room Best Western Inn & Suites Located at Cleveland, OH Airport