ValueXpress has arranged a $4.8-million CMBS conduit loan for the purchase of a 34,930-square-foot office/retail center located in Parkland, Florida. The property was constructed in 2004 and is located 50 miles north of Miami and 15 miles west of Boca Raton in desirable Broward County. The … [Read more...] about VALUEXPRESS ARRANGES $4,800,000 CMBS CONDUIT LOAN FOR THE PURCHASE OF PARKLAND TOWN CENTER LOCATED IN PARKLAND, FL
8.27.21: NAVIGATION TIPS FOR USING THE VALUEXPRESS WEBSITE
ValueXpress gets a lot of basic inquiries about the types of loans we focus on. We have primarily worked on CMBS conduit loans for more than 25 years, and this loan product continues to be our focus today. The basic criteria for CMBS conduit loans can be found at www.valuexpress.com on the tab … [Read more...] about 8.27.21: NAVIGATION TIPS FOR USING THE VALUEXPRESS WEBSITE
8.17.21: CMBS LOAN METRICS CONTINUE TO IMPROVE
Key credit indicators for securitized commercial mortgages continued to strengthen in July, led by a big improvement in hotel performance. Analysts cautioned, however, that further recovery could be impeded by a rise in coronavirus cases tied to the delta variant. The 60-day delinquency rate among … [Read more...] about 8.17.21: CMBS LOAN METRICS CONTINUE TO IMPROVE
VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
ValueXpress has arranged a $6-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the city. The purpose of the loan was to … [Read more...] about VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
The COVID-19 pandemic resulted in many changes to how owners operated their properties. Rooms were cleaned only upon check-out unless requested by guests. Breakfast service was curtailed, and amenities were shut down. These changes were expected to be restored after the pandemic subsided. But … [Read more...] about 8.9.21: HOTELS MOVE TO À LA CARTE MODEL FOR AMENITIES
7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
The 10-year swap rate and 10-year Treasury rate have dropped gradually since May. This is despite an economic rebound that would suggest higher interest rates as the world recovers from the COVID-19 pandemic. The Federal Reserve, however, indicates it will be “highly accommodative for many years” … [Read more...] about 7.31.21: CMBS LOAN RATES NEAR RECORD LOWS AS TREASURY AND SWAP RATES FALL
7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
LW Hotel Advisors (LWHA) recently released its third-quarter U.S. lodging market update. According to Daniel Lesser, President and CEO, the U.S. lodging industry has shifted dramatically over the past 12 months. Looking back to this time last year, the world was fiercely battling the Coronavirus, … [Read more...] about 7.18.21: U.S. LODGING MARKET UPDATE FROM LW HOTEL ADVISORS
7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
Five former officers and employees of the now-defunct Banc-Serv Partners LLC in Westfield, Indiana have been convicted by a federal jury in Indianapolis. The defendants were found guilty in a 13-year-long scheme to defraud the U.S. Small Business Administration (SBA) of $5 million. The U.S. … [Read more...] about 7.8.21: FORMER BANK OFFICIALS CONVICTED OF DEFRAUDING THE SBA
6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
The hotel lending market is rebounding solidly amid the receding COVID-19 pandemic. Destination hotels, extended-stay hotels and other service-oriented hotels that remained busy during the pandemic are expected to qualify for new loans as cash flows rise sharply amid pent-up demand from travelers. … [Read more...] about 6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
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...] about VALUEXPRESS ARRANGES $3,875,000 CBMS CONDUIT LOAN FOR THE PURCHASE OF 28,330-SQUARE-FOOT NEIGHBORHOOD RETAIL CENTER IN NAPLES, FL
