Legal fees to close commercial real estate loans can be expensive. The borrower pays for the lender’s attorney fees and the fees charged by the borrower’s attorney. Legal fees for CMBS conduit loans can be expensive since all CMBS conduit loans are non-recourse, and the loan documents are more … [Read more...]
3.10.19: CMBS Delinquency Rates Continue to Decline
The Trepp CMBS delinquency rate broke through the 3% threshold in February 2019 as the reading continues its steady decline. The February reading fell 15 basis points (bp) to 2.87% from 3.02% registered in January. The February result is another post-crisis low. The delinquency rate is 164 bp lower … [Read more...]
3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...]
ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL
ValueXpress has arranged a $3,875,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...]
3.1.19: ValueXpress Launches Updated Website
ValueXpress has launched its newly designed website. The new website provides a “learning center” where clients can read more about the types of commercial real estate loans offered by ValueXpress and see which loan product is the right fit for them. The new website allows clients to download loan … [Read more...]
2.26.19: CBRE Reports on Cap Rates at Yearend 2018
CBRE notes that capitalization rates (cap rates) were little changed in the second half of 2018 in its recently published survey for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of December 31, 2018.The industrial sector registered small declines in … [Read more...]
2.20.19: Texas Man Retires at a Holiday Inn Express – It’s Cheaper Than the Alternative!
ValueXpress has a keen interest in hotel loans and we have provided a lot of hotel loans, over 400 -- since inception. This new hotel trend? It’s a beauty! A Texas man on the brink of retirement wants to spend his golden years relaxing at a Holiday Inn instead of in a retirement home. … [Read more...]
ValueXpress Arranges $2,475,000 Commercial Loan for the Purchase of 12,400-Square-Foot Mixed-Use Building in Bronx, NY
ValueXpress has arranged a $2,475,000 commercial real estate loan through its affiliated bank, Country Bank, for the purchase of two connected, one-story, mixed-use commercial buildings located at 315 Jackson Avenue, Bronx, New York. The buildings were formerly occupied by a plumbing … [Read more...]