ValueXpress has arranged a $4,700,000 CMBS conduit loan for the refinance of a 55-room Best Western hotel located in Ellensburg, Washington. The property is a three-story interior-corridor hotel that was constructed in 2002. The loan provided for cash-out equity return to the owner in addition to … [Read more...] about ValueXpress Arranges $4.7-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Ellensburg, WA
12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?
With recent volatility in the stock market, spreads on CMBS securities have widened. This can affect the loan spread and interest rate to borrowers closing a CMBS conduit loan. But the recent rise in loan spreads has been offset by declines in the 10-year Swap. Loan interest rates for 10-year CMBS … [Read more...] about 12.17.18: When CMBS Spreads Widen, How Are Loan Rates Affected?
ValueXpress Arranges $5,950,000 CMBS Conduit Loan for the Refinance of a 75-Room Holiday Inn Express and Suites Hotel Located in Guymon, OK
ValueXpress has arranged a $5,950,000 CMBS conduit loan for the refinance of a 75-room Holiday Inn Express and Suites located in Guymon, Oklahoma. The property is a 4-story hotel that was constructed in 2009. The loan provided for cash-out proceeds for a Property Improvement Plan (PIP) in … [Read more...] about ValueXpress Arranges $5,950,000 CMBS Conduit Loan for the Refinance of a 75-Room Holiday Inn Express and Suites Hotel Located in Guymon, OK
ValueXpress Arranges $4.54-Million CMBS Conduit Loan for the Refinance of a 63-Room Country Inn & Suites in Pensacola, FL
ValueXpress has arranged a $4,536,000 CMBS conduit loan for the refinance of a 63-Room Country Inn & Suites in Pensacola, FL. The property is a 4-story, 63-room Inn & Suites constructed in 2008. The property is located adjacent to Interstate 10, which leads from Mobile, Alabama to the West … [Read more...] about ValueXpress Arranges $4.54-Million CMBS Conduit Loan for the Refinance of a 63-Room Country Inn & Suites in Pensacola, FL
ValueXpress Arranges $9.1-Million CMBS Conduit Loan for the Refinance of 104-Room Holiday Inn Express in North Scottsdale (Phoenix), AZ
ValueXpress has arranged a $9.1-million CMBS conduit loan for the refinance of a 104-room interior corridor limited-service hotel constructed in 2013 located in the North Scottsdale market of Phoenix, Arizona. The property is part of the “Desert Ridge” master-planned commercial area that encompasses … [Read more...] about ValueXpress Arranges $9.1-Million CMBS Conduit Loan for the Refinance of 104-Room Holiday Inn Express in North Scottsdale (Phoenix), AZ
ValueXpress Arranges $3.15-Million SBA 504 Loan for the Purchase of a 16,000 SF Industrial Building in Brooklyn, NY
ValueXpress has arranged a $3.15-million SBA 504 loan for the purchase of a 16,187-square-foot industrial building located in the East Flatbush neighborhood of Brooklyn, New York. The building was constructed in 1930 and is situated on a 0.334-acre site. The clear height of the warehouse space is 18 … [Read more...] about ValueXpress Arranges $3.15-Million SBA 504 Loan for the Purchase of a 16,000 SF Industrial Building in Brooklyn, NY
ValueXpress Arranges $4.8-Million CMBS Conduit Loan for the Refinance of a 67-Room LaQuinta Inn & Suites in Brandon, MS
ValueXpress has arranged a $4.8-million CMBS conduit loan for the refinance of a LaQuinta Inn & Suites constructed in 2008 in Brandon (Jackson), Mississippi. The property, a 3-story, 67-room interior-corridor hotel, is constructed by the sponsors to LaQuinta Inn & Suites brand standards. The … [Read more...] about ValueXpress Arranges $4.8-Million CMBS Conduit Loan for the Refinance of a 67-Room LaQuinta Inn & Suites in Brandon, MS
ValueXpress Arranges $3.8-Million CMBS Conduit Loan for the Refinance of a 59-Room Comfort Inn & Suites in Yakima, WA
ValueXpress has arranged a $3.8-million CMBS conduit loan for the refinance of a Comfort Inn & Suites limited-service hotel constructed in 1998 located in Yakima, Washington. The property, a 3-story, 59-room interior-corridor hotel, was purchased by the sponsor in August 2000. The purpose of the … [Read more...] about ValueXpress Arranges $3.8-Million CMBS Conduit Loan for the Refinance of a 59-Room Comfort Inn & Suites in Yakima, WA
12.12.18: Lenders Are Using CLOs for Bridge Loans
Issuance of commercial real estate Collateralized Loan Obligations (CRE-CLOs) has grown significantly in 2018. KKR is the latest private equity firm to tap the commercial real estate securitization market for short-term bridge loans. Many of the bridge loans that ValueXpress originates end up in … [Read more...] about 12.12.18: Lenders Are Using CLOs for Bridge Loans
ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
ValueXpress obtained a $5.7-million first-mortgage loan that was utilized to refinance Sago Palms Apartments, a 240-unit apartment community located in Houston, Texas. The complex was built in 1980 and was over 90% occupied at loan closing. The property is located in north Houston, in proximity to … [Read more...] about ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
