ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a 114-room Holiday Inn Express and Suites located in Orange City, Florida. The property is a four-story hotel constructed in 2003 and renovated in 2013. The loan provided cash out to the borrower for a future Property … [Read more...] about ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL
ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution & Manufacturing Center in Ambridge (Pittsburgh), PA
ValueXpress has arranged a $15-million CMBS conduit loan for the refinance of a 1-million-square-foot warehouse and light manufacturing industrial park located in Ambridge, PA, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between 1920 and 1968. In … [Read more...] about ValueXpress Obtains $15-Million CMBS Conduit Loan for the Refinance of the Ambridge Regional Distribution & Manufacturing Center in Ambridge (Pittsburgh), PA
5.1.19: AAHOA Trade Show in San Diego, CA a Huge Success
Attended by more than 8,000 Asian American hoteliers ready to lock in long-term, fixed-rate hotel loans before interest rates head upward, the annual Asian American Hotel Owners (AAHOA) Trade Show in San Diego, California, was a huge success, according to Michael D. Sneden, Executive Vice President … [Read more...] about 5.1.19: AAHOA Trade Show in San Diego, CA a Huge Success
4.24.19: Unanchored Neighborhood Shopping Centers Are Hot in CMBS Financing
Unanchored neighborhood shopping centers used to be viewed as stepchildren to malls, food store-anchored shopping centers and big box shopping centers when it came to CMBS conduit loan financing. But internet shopping using Amazon and other retail websites has changed everything. Unanchored … [Read more...] about 4.24.19: Unanchored Neighborhood Shopping Centers Are Hot in CMBS Financing
4.18.19: Mall Giants Continue to Redevelop Vacant Department Stores
Mall owners Simon Property (NYSE: SPG) and Macerich Company (NYSE: MAC) continue to redevelop vacant department stores, creating substantial value for shareholders. In a recent earnings call, Simon reported that redevelopment activity is moving quickly, and in some cases, much quicker than … [Read more...] about 4.18.19: Mall Giants Continue to Redevelop Vacant Department Stores
4.15.19: How Do Seasonality Reserves Work in CMBS?
Hotel properties located in cold climates or resort areas can have revenue that is seasonal. Most of the revenue is generated in three seasons of the year and little or no revenue is generated in the fourth season. But the mortgage payment is due every month. How does an owner prepare for mortgage … [Read more...] about 4.15.19: How Do Seasonality Reserves Work in CMBS?
4.10.19: When Can a CMBS Conduit Loan Close on a New Property?
CMBS conduit loans are underwritten based on the income generated from tenant leases less property operating expenses, usually the most recent 12 months’ actual expenses incurred. The calculation to determine expenses can become difficult for newly built and occupied properties. Why? There is no … [Read more...] about 4.10.19: When Can a CMBS Conduit Loan Close on a New Property?
4.4.19: Commercial and Multifamily Mortgage Bankers Close a Record $573.9 Billion of Loans in 2018!
Commercial and multifamily mortgage bankers closed a record $573.9 billion of loans in 2018, according to MBA's 2018 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. Solid fundamentals, growing property values, low interest rates and strong appetites from both … [Read more...] about 4.4.19: Commercial and Multifamily Mortgage Bankers Close a Record $573.9 Billion of Loans in 2018!
ValueXpress Arranges $4,500,000 CMBS Conduit Loan for the Refinance of a Hampton Inn Hotel in Santa Rosa, NM
ValueXpress has arranged a $4,500,000 CMBS conduit loan for the refinance of a 64-room Hampton Inn hotel located in Santa Rosa, New Mexico. The three-story hotel was constructed in 2008. The purpose for the loan was to convert an existing floating-rate SBA loan into a 10-year fixed rate loan at a … [Read more...] about ValueXpress Arranges $4,500,000 CMBS Conduit Loan for the Refinance of a Hampton Inn Hotel in Santa Rosa, NM
4.1.19: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in San Diego, CA – Booth 1844
On April 25-26, 2019, ValueXpress will be exhibiting at the annual Asian American Hotel Owners (AAHOA) Trade Show in San Diego, CA. ValueXpress will be located in Booth 1844 at the San Diego Convention Center 11:00 a.m.-5:00 p.m. on Thursday, April 25 and 11:00 a.m.-5:00 p.m. on Friday, April … [Read more...] about 4.1.19: Meet with Jay Bhakta and the ValueXpress Team at the Annual AAHOA Convention & Trade Show in San Diego, CA – Booth 1844