ValueXpress obtained a $4.7-million CMBS conduit loan to refinance a $2.5-million SBA 7(a) loan it had originated in 2012, providing nearly $2 million in cash-out proceeds to the owner. The property is a 2-story, 64-room limited-service franchised hotel located in Houston, Texas operating under … [Read more...] about ValueXpress Obtains $4.7-Million CMBS Conduit Loan to Refi a $2.5-Million SBA 7(a) It Originated in 2010
ValueXpress Obtains $2.685-Million SBA 7(a) Loan Commitment for a LaQuinta Inn & Suites Hotel in Walker, LA
ValueXpress obtained a $2.685-million SBA 7(a) first-mortgage loan commitment with its banking partner, Fidelity Bank, for a 3-story, 65-room limited-service franchised hotel located in Walker, Louisiana. The hotel is situated in the Denham Springs region of eastern Louisiana; this small community … [Read more...] about ValueXpress Obtains $2.685-Million SBA 7(a) Loan Commitment for a LaQuinta Inn & Suites Hotel in Walker, LA
ValueXpress Originates $200 Million of CMBS Conduit Loans in 2013
ValueXpress originated $200 million of CMBS conduit loans in 2013. The loans were secured by multifamily, retail, office, self-storage and hospitality properties. The loans were included in nine CMBS issues sold in 2013 with a total principal balance in excess of $10 billion. Approximately 50% of … [Read more...] about ValueXpress Originates $200 Million of CMBS Conduit Loans in 2013
ValueXpress Obtains a $7.5-Million Bridge Loan for a 94-Room Hampton Inn and Suites located in the Dallas-Fort Worth Metroplex
ValueXpress obtained a $7.5-million bridge loan for the refinance of a construction loan that was utilized to build a 94-room Hampton Inn hotel that opened in April 2013. The property is a four-story interior-corridor structure with a stone and stucco veneer exterior. Amenities include a meeting … [Read more...] about ValueXpress Obtains a $7.5-Million Bridge Loan for a 94-Room Hampton Inn and Suites located in the Dallas-Fort Worth Metroplex
ValueXpress Obtains $5-Million SBA 7(a) Loan Commitment for an Independent Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for an independent hotel located in Brooklyn, N.Y. The loan will refinance a $5-million construction loan that was utilized to construct a 58-room limited-service hotel in … [Read more...] about ValueXpress Obtains $5-Million SBA 7(a) Loan Commitment for an Independent Limited Service Hotel in Brooklyn, NY
ValueXpress Arranges $6.3-Million Combination CMBS Conduit Loan and Mezzanine Loan for the Refinance of 103-Room Cambria Suites in Indianapolis, IN
ValueXpress has arranged a $6.3-million CMBS conduit for the refinance of a four-story Cambria Suites hotel constructed in 2008 by the sponsor. The hotel is located in Indianapolis, Indiana, approximately 10 miles from Indianapolis International Airport. The hotel is located in proximity to … [Read more...] about ValueXpress Arranges $6.3-Million Combination CMBS Conduit Loan and Mezzanine Loan for the Refinance of 103-Room Cambria Suites in Indianapolis, IN
ValueXpress Closes $8.0-Million Conventional Loan for a Mixed-Use Building for a Brooklyn, NY-Based Clothing Retailer in Manhattan, NY
ValueXpress obtained an $8,000,000 conventional first mortgage loan from its New York-based banking partner Country Bank secured by a six-story mixed-use building located in the East Village neighborhood of Manhattan, New York; originally constructed in 1905 it was gut renovated between 2011 and … [Read more...] about ValueXpress Closes $8.0-Million Conventional Loan for a Mixed-Use Building for a Brooklyn, NY-Based Clothing Retailer in Manhattan, NY
ValueXpress Obtains $6.5-Million CMBS Conduit Loan Secured by 2 Apartment Complexes Located in Biloxi, MS
ValueXpress obtained a $6.5-million CMBS conduit first-mortgage loan secured by two apartment complexes in Biloxi, MS. Woodlands Apartments is a 118-unit garden-style complex built in 1974 and renovated in 2012. The property was 90% occupied at closing. The second property, Southwind Apartments, … [Read more...] about ValueXpress Obtains $6.5-Million CMBS Conduit Loan Secured by 2 Apartment Complexes Located in Biloxi, MS
ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX
ValueXpress has arranged a $4-million CMBS conduit loan for the refinance of a Red Roof Inn constructed in 2008 and a $3.6-million loan for a Days Inn hotel constructed in 1978 (renovated in 2009-2012); both are located in Laredo, Texas. The Red Roof – Laredo is a 3-story, 83-room interior-corridor … [Read more...] about ValueXpress Obtains $7,600,000 in CMBS Loans for a Days Inn and Red Roof Inn in Laredo, TX
ValueXpress Obtains $6,370,000 CMBS Loan for a Hampton Inn & Suites in Greenville, TX
ValueXpress has arranged a $6.37-million CMBS conduit loan for the refinance of a Hampton Inn & Suites constructed in 2006 in Greenville, Texas. The property, a 4-story, 75-room interior-corridor hotel, was constructed by the sponsors to Hampton Inn brand standards. The property, located adjacent … [Read more...] about ValueXpress Obtains $6,370,000 CMBS Loan for a Hampton Inn & Suites in Greenville, TX