ValueXpress obtained an $11-million CMBS conduit loan for the refinance of a 119-room Hilton Garden Inn located in Pascagoula, Mississippi. The 5-story property was constructed in 2014 and is the number one-rated hotel in the Pascagoula market, according to TripAdvisor. The loan refinanced a … [Read more...] about VALUEXPRESS ARRANGES $11,000,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A HILTON GARDEN INN IN PASCAGOULA, MS
6.1.22: CMBS MARKET FORGES AHEAD DESPITE MARKET HEADWINDS
The CMBS market is “business as usual” despite headwinds from many directions. First, the Russian invasion of Ukraine on February 24 sent a chill though the capital markets, including CMBS. Then, with supply chain issues occurring throughout much of the world, inflation has surged in 2022 to date. … [Read more...] about 6.1.22: CMBS MARKET FORGES AHEAD DESPITE MARKET HEADWINDS
5.21.22: CONSIDER APPLYING FOR AN EMPLOYEE RETENTION CREDIT
The Employee Retention Tax Credit (ERC) is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. The ERC is available to both small- and mid-sized businesses. It was signed into law on March 27, 2020, as part of the CARES Act. The bill … [Read more...] about 5.21.22: CONSIDER APPLYING FOR AN EMPLOYEE RETENTION CREDIT
5.8.22: DEFEASANCE HEATS UP WITH RISE IN INTEREST RATES
Most CMBS conduit loans have a prepayment penalty called defeasance that gives borrowers the ability to unencumber the underlying real estate to sell or refinance the property. When a loan is defeased the borrower substitutes the existing collateral with a portfolio of U.S. securities structured to … [Read more...] about 5.8.22: DEFEASANCE HEATS UP WITH RISE IN INTEREST RATES
VALUEXPRESS OBTAINS $9-MILLION CMBS CONDUIT LOAN FOR A NEIGHBORHOOD SHOPPING CENTER IN WILMINGTON, DE FOR CLIENT OF CCTG GRAD
ValueXpress has arranged a $9,000,000 CMBS conduit loan for the refinance of Tally Ho Shopping Center, a 25,100-square-foot neighborhood shopping center anchored by a Bank of America banking center that is leased until 2030. The property is located at the corner of Naamans Road and Concord Pike in … [Read more...] about VALUEXPRESS OBTAINS $9-MILLION CMBS CONDUIT LOAN FOR A NEIGHBORHOOD SHOPPING CENTER IN WILMINGTON, DE FOR CLIENT OF CCTG GRAD
5.1.22: JOSH STEGEN JOINS VALUEXPRESS TO FOCUS ON MARKETING
Joshua (Josh) Stegen has joined ValueXpress as an Associate Loan Originator with a focus on marketing to borrowers who would benefit from CMBS conduit loans. Josh is a graduate of Fordham University with an MBA in Finance. In addition, Josh is a licensed real estate agent in the State of New … [Read more...] about 5.1.22: JOSH STEGEN JOINS VALUEXPRESS TO FOCUS ON MARKETING
4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
Higher rates continue to make up for lower occupancies across the U.S. hotel industry, pushing weekly room revenue higher than it was in 2019, but not high enough to negate the effects of inflation. Data from STR show U.S. hotel industry occupancy for the week ended April 23 rebounded from the … [Read more...] about 4.23.22: HIGHER RATES DRIVE U.S. HOTEL ROOM REVENUES ABOVE 2019 LEVELS
4.10.22: CENTURY-OLD DEPARTMENT STORE CONVERTED INTO CREATIVE OFFICE HUB
In a former historic Ames & Brownley department store in downtown Norfolk, Virginia, a local company is sewing together a tapestry of complementary tenants -- creative companies, tech startups and freelancers -- in one building ecosystem. The 50,000-square-foot multi-tenant office campus, … [Read more...] about 4.10.22: CENTURY-OLD DEPARTMENT STORE CONVERTED INTO CREATIVE OFFICE HUB
VALUEXPRESS OBTAINS $6.96-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF AN 85-ROOM HOLIDAY INN EXPRESS IN MEMPHIS, TN
ValueXpress has arranged a $6,960,000 CMBS conduit loan for the purchase of a four-story Holiday Inn Express & Suites hotel constructed in 2018. The loan was based on 70% of the purchase price for the hotel and included financing for 70% of the Property Improvement Plan (PIP) costs. The … [Read more...] about VALUEXPRESS OBTAINS $6.96-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF AN 85-ROOM HOLIDAY INN EXPRESS IN MEMPHIS, TN
4.1.22: YIELD CURVE INVERTS – WILL IT PREDICT A RECESSION?
An inverted yield curve is an important economic indicator and is often a precursor to a recession. Normally, long-term interest rates are higher than short-term interest rates so a graphical plot of yields from Treasury bonds of different durations normally slopes up. One often-used graphic is the … [Read more...] about 4.1.22: YIELD CURVE INVERTS – WILL IT PREDICT A RECESSION?
