ValueXpress closed an $875,000 first-mortgage loan on a 2-story, 40-room exterior corridor limited-service hotel built in 1987 on a 1.4-acre site in Canton, Madison County, MS. The property is franchised as an Americas Best Value Inn budget branded hotel. The property is located adjacent to I-55 at … [Read more...] about ValueXpress Closes $875,000 SBA 7(a) Loan Secured by Americas Best Value Inn
ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress closed a $2.85-million first-mortgage loan with a Texas banking partner, Herring Bank, for a 3-story, 62-room interior-corridor limited-service hotel built in 1999 on a 1.5-acre site in Killeen, Bell County, TX. The property is franchised as a Hampton Inn. Located in the southwest … [Read more...] about ValueXpress Closes $2.85-Million SBA Loan for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress Closes $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress closed on a $5.15-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of an independent limited service hotel in the Long Island City section of Queens, NY. The property is a 3-story, interior corridor, 78-room, limited-service, … [Read more...] about ValueXpress Closes $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress closed on a $5-million CMBS conduit loan for the refinance of a Candlewood Suites constructed in 2009 in Houston, TX. The property is a 3-story, 81-room extended-stay interior-corridor hotel constructed by the sponsors to Candlewood Suites brand standards in 2009; its grand opening was … [Read more...] about ValueXpress Closes $5-Million CMBS Conduit Loan for the Refinance of an 81-Room Candlewood Suites
ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
ValueXpress obtained a $1.5-million first-mortgage loan commitment from a Midwest commercial bank for the refinance of a self-storage facility in Butler County, a northern Cincinnati, OH suburb. The commitment is subject to receipt of an SBA 7(a) guarantee. Built in 1997, the 24,715-square-foot, … [Read more...] about ValueXpress Obtains $1.5-Million Commitment for the Refinance of a Self-Storage Property in a Northern Cincinnati, OH Suburb
ValueXpress Revives SBA 7(a) Loan Secured by Dental Office
In May 2010, ValueXpress obtained a $485,000 first-mortgage loan commitment with its affiliated bank, Country Bank, based on the SBA’s approval of a 90% guarantee under the Jobs Act program, just prior to the expiration of the stimulus program on May 31, 2010. The borrower, a dentist, owns a … [Read more...] about ValueXpress Revives SBA 7(a) Loan Secured by Dental Office
ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in Lousiana
ValueXpress obtained a $4.9-million CMBS conduit loan secured by a residential apartment complex located in Lake Charles, LA. The two-story garden apartment complex, built in 1978, consists of 112 rental apartments in 14 separate buildings. Significant renovation of the property was conducted during … [Read more...] about ValueXpress Obtains $4.9-Million CMBS Conduit Loan for a 112-Unit Apartment Complex in Lousiana
ValueXpress Obtains $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress obtained a $5.15-million first-mortgage loan commitment from its New York banking partner, Country Bank, for the purchase of an independent limited service hotel in the Long Island City section of Queens, NY. The property is a 3-story, interior corridor, 78-room, limited service, … [Read more...] about ValueXpress Obtains $5.15-Million Commitment for the Purchase of an Independent Limited Service Hotel in Long Island City, NY
ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas
ValueXpress secured a $7.4-million CMBS conduit loan secured by a residential garden apartment complex located along I-45 between Houston and Dallas, Texas. The two-story garden apartment complex, built in 1984, consists of 176 rental apartments in 22 separate buildings. At closing, the property was … [Read more...] about ValueXpress Obtains $7.4-Million CMBS Conduit Loan for a 176-Unit Apartment Complex in Texas
ValueXpress Obtains $875,000 Loan Commitment for an Americas Best Value Inn located in Canton, MS
ValueXpress obtained an $875,000 first-mortgage loan commitment on a 2-story, 40-room exterior corridor limited-service hotel built in 1987 on a 1.4-acre site in Canton, Madison County, MS. The property is franchised as an Americas Best Value Inn budget branded hotel. The property is located … [Read more...] about ValueXpress Obtains $875,000 Loan Commitment for an Americas Best Value Inn located in Canton, MS