On March 20, ValueXpress launched advisory services to obtain loan payment deferrals for existing and new clients with CMBS loans. Click here for information regarding this program. We are working with master servicers and special servicers to assist over 30 ValueXpress clients currently. On … [Read more...]
3.20.20: VALUEXPRESS NOW PROVIDING ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS
Effective immediately, ValueXpress is providing advisory services to obtain loan payment deferrals for existing and new clients. Borrowers seeking payment relief resulting from the effects of the COVID-19 outbreak should contact ValueXpress now for assistance with submitting a Loan Payment Deferral … [Read more...]
3.3.20: CMBS LOAN RATES AT RECORD LOWS AS TREASURY AND SWAP RATES FALL
The 10-year Treasury yield dropped to a record low on Tuesday as the historic decline in U.S. rates continued amid the coronavirus outbreak and the Federal Reserve’s 50-basis-point (bp) emergency interest rate cut two weeks before its March meeting. The 10-year Treasury yield fell to an intraday … [Read more...]
2.25.20: A PRIMER ON FLOOD INSURANCE FOR CMBS LOANS
The Federal Emergency Management Agency (FEMA) has developed Flood Insurance Rate Maps (FIRM) for all land in the United States. FIRM are used by surveyors to determine the Flood Zone for all property secured by a CMBS loan, and the Flood Zone is required to be noted on all surveys for a CMBS … [Read more...]
2.20.20: CBRE REPORTS ON CAP RATES AT YEAREND 2019
CBRE notes that capitalization rates (cap rates) were broadly stable in the second half of 2019 and relatively stable for full-year 2019 in its recently published survey for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of December 31, … [Read more...]
ValueXpress Obtains $5.5-Million CMBS Conduit Loan for the Refinance of a Holiday Inn Express Limited Service Hotel in Alamogordo, NM
ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a Holiday Inn Express limited service hotel located in Alamogordo, New Mexico. The Holiday Inn Express is a 3-story, 80-room interior corridor property constructed in 2006. The property completed a major Property … [Read more...]
2.17.20: OPTIMISM ABOUNDS AT MBA/CREF CONVENTION
Capital for investment in real estate debt and equity is anticipated to be plentiful in 2020, according to panelists at the MBA CREF/Multifamily Housing Convention & Expo held in San Diego this week. But the abundance of capital is creating intense competition. Bank portfolio lenders continue to … [Read more...]
2.9.20: DON’T CALL THIS A HOSTEL!
The “youth hostel” concept is evolving and expanding in the United States. Just don’t call it a hostel. The new trend is called “shared accommodations,” and it is the latest trend in hospitality, with upscale amenities and private bathrooms, that targets millennials looking for value in chic … [Read more...]
2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...]
ValueXpress Obtains $4.05-Million CMBS Conduit Loan for the Purchase of a Homewood Suites Limited Service Hotel in Ridgeland (Jackson), MS
ValueXpress has arranged a $4,050,000 CMBS conduit loan for the purchase of a Homewood Suites by Hilton limited service hotel. The Homewood Suites – Jackson/Ridgeland is a 3-story, 91-room interior corridor property constructed in 1997. In 2020, a major Property Improvement Plan (PIP), expected … [Read more...]
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