ValueXpress obtained a $6.65-million first-mortgage loan that was utilized to refinance an existing maturing CMBS conduit loan secured by a 92-room Hilton Garden Inn located in Chesapeake, Virginia. The four-story hotel was constructed to the Hilton Garden prototype in 2003. The hotel is located in … [Read more...] about ValueXpress Obtains $6,650,000 CMBS Conduit Loan for a 92-Room Hilton Garden Inn Located in Chesapeake, VA
ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 54-Room Hampton Inn Hotel in Portland (Corpus Christi), TX
ValueXpress has arranged a $5-million CMBS conduit loan for the refinance of the Hampton Inn – Portland, Texas. The three-story hotel was constructed in 2001. The property is located in Portland, a rapidly growing suburb 12 miles from Corpus Christi, Texas on Highway 181. The property provides … [Read more...] about ValueXpress Arranges $5-Million CMBS Conduit Loan for the Refinance of a 54-Room Hampton Inn Hotel in Portland (Corpus Christi), TX
ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of the Best Western Bayou Inn & Suites hotel that was constructed in 2000. The two-story property is located off Interstate 10 at Exit 33 in Lake Charles, Louisiana. Lake Charles has grown with the onset of the … [Read more...] about ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
ValueXpress Arranges an $8.7-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Inn & Suites in Beaumont, TX and a 56-Room LaQuinta Inn & Suites in Lumberton, NC
ValueXpress has arranged an $8.7-million CMBS conduit loan for the refinance of a four-story Comfort Inn & Suites hotel constructed in 2008 and a four-story LaQuinta Inn and Suites constructed in 2009. The loan provided an opportunity for the sponsor to pay off three loans, two of which were … [Read more...] about ValueXpress Arranges an $8.7-Million CMBS Conduit Loan for the Refinance of a 74-Room Comfort Inn & Suites in Beaumont, TX and a 56-Room LaQuinta Inn & Suites in Lumberton, NC
12.7.18: Watch Out for Mold When Applying for a CMBS Conduit Loan!
ValueXpress recently closed an $8.2-million CMBS conduit loan for the purchase of the Hilton Garden Inn located in Killeen, Texas. The property was constructed in 2007 and is in good condition. However, the Property Condition Assessment noted evidence of mold on the stucco façade of the hotel and on … [Read more...] about 12.7.18: Watch Out for Mold When Applying for a CMBS Conduit Loan!
ValueXpress Arranges a $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Hampton Inn & Suites Located in Canton, MS
ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a four-story Hampton Inn hotel constructed in 2004. The loan provided an opportunity for the sponsor to consolidate a prior first and second mortgage held by a local community bank into a non-recourse first mortgage. The … [Read more...] about ValueXpress Arranges a $4-Million CMBS Conduit Loan for the Refinance of an 80-Room Hampton Inn & Suites Located in Canton, MS
ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress Obtains $7,340,000 CMBS Conduit Loan for Refinance of a 69-Room Full-Service Holiday Inn Express Located in Rockport, TX
ValueXpress arranged a $7.34-million CMBS conduit first-mortgage loan utilized to refinance a 69-room Holiday Inn Express hotel located in Rockport, Texas. The property was constructed in 2010. The loan returned cash equity to the sponsor and will provide funds to complete a substantial Property … [Read more...] about ValueXpress Obtains $7,340,000 CMBS Conduit Loan for Refinance of a 69-Room Full-Service Holiday Inn Express Located in Rockport, TX
12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
Most CMBS conduit loan programs start at $5 million. A few will consider $3 million. But ValueXpress can provide CMBS conduit loans as low as $1.5 million. A few examples of recently closed small balance CMBS conduit loans can be found here and here. How is ValueXpress able to provide small balance … [Read more...] about 12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
ValueXpress Obtains $10-Million CMBS Conduit Loan for Refinance of a 237-Room Full-Service Holiday Inn Located at Corpus Christi, TX Airport
ValueXpress arranged a $10-million CMBS conduit first-mortgage loan utilized to refinance a 237-room Holiday Inn Hotel serving Corpus Christi Airport in Corpus Christi, Texas. The property was constructed in 1982 and renovated in 2014-2015. The loan returned cash equity to the sponsor that was used … [Read more...] about ValueXpress Obtains $10-Million CMBS Conduit Loan for Refinance of a 237-Room Full-Service Holiday Inn Located at Corpus Christi, TX Airport