ValueXpress obtained a $2.85-million first-mortgage loan commitment 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 hotel under the … [Read more...] about ValueXpress Obtains $2.85-Million Loan Commitment for a Hampton Inn Limited Service Hotel in Killeen, TX
ValueXpress Obtains $11-Million Commitment to Refinance a Franchised Limited Service Hotel at Liberty International Airport, Newark, NJ
ValueXpress obtained an $11-million first-mortgage loan commitment from a CMBS conduit lender to refinance a 162-room interior corridor limited service hotel constructed in 2002. The hotel is located in immediate proximity to Liberty International Airport in Newark, New Jersey. The property was sold … [Read more...] about ValueXpress Obtains $11-Million Commitment to Refinance a Franchised Limited Service Hotel at Liberty International Airport, Newark, NJ
ValueXpress Obtains $1.25-Million CMBS Conduit Loan for an Advance Auto Parts Retail Store in Southeast Florida
ValueXpress obtained a $1.25-million first-mortgage loan that was utilized to refinance existing debt secured by a 6,800-square-foot net leased retail building leased to Advance Auto Parts. The improvements are located on a 1-acre site and were constructed in 2006. The improvements are in excellent … [Read more...] about ValueXpress Obtains $1.25-Million CMBS Conduit Loan for an Advance Auto Parts Retail Store in Southeast Florida
ValueXpress Obtains $3.5-Million SBA 7(a) Loan Commitment for a Independent Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $3.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for an independent hotel located in Brooklyn, New York. The property securing the loan is a newly constructed seven-story, 72-room limited service hotel that opened in … [Read more...] about ValueXpress Obtains $3.5-Million SBA 7(a) Loan Commitment for a Independent Limited Service Hotel in Brooklyn, NY
ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center Located in Suburban Atlanta, GA
ValueXpress obtained a $5.5-million first-mortgage loan that was utilized to refinance existing debt secured by a 20,000-square-foot neighborhood shopping center located in the Atlanta MSA. The property is currently 100% occupied by nine tenants. The property was constructed in 2004 and is in … [Read more...] about ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center Located in Suburban Atlanta, GA
ValueXpress Closes $2,085,000 Multi-family Loan
ValueXpress closed on a $2,085,000 first-mortgage loan commitment secured by a 68-unit garden-style apartment community located in the southeastern portion of Alabama. The property was built in 1978 and renovated in 2005-2006. Renovations, which totaled $270,000, included upgrades to the pool, … [Read more...] about ValueXpress Closes $2,085,000 Multi-family Loan
ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore
ValueXpress obtained a $2,500,000 first-mortgage loan commitment from a CMBS conduit lender to refinance a construction loan that was utilized to construct a CVS drugstore in Tulsa, OK. The property is a newly-built prototype building with 13,225 square feet. The lease provides for a 25-year term, … [Read more...] about ValueXpress Obtains a $2,500,000 Commitment to Refinance a CVS Drugstore
$945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
Guaranty Bank and Trust, a ValueXpress banking partner, closed on a loan for the construction of a 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS for a ValueXpress client. The loan amount will be $945,000 when fully funded. Total project costs are an estimated … [Read more...] about $945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress obtained a $4.5-million first-mortgage loan commitment with its New York banking partner, Country Bank, from the SBA for a Quality Inn located in Brooklyn, New York. The property securing the loan is a four-story, 81-room limited service hotel scheduled to open in February 2011. The site … [Read more...] about ValueXpress Obtains $4.5-Million SBA 7(a) Loan Commitment with 90% Guarantee for a Limited Service Hotel in Brooklyn, NY
ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS
ValueXpress closed on a $5-million first-mortgage loan commitment with its Mississippi banking partner, Guaranty Bank and Trust Company, on a 90% guaranteed SBA 7(a) loan for a beverage distribution company located in Batesville, MS. The property securing the loan is a one-story 59,500-square-foot … [Read more...] about ValueXpress Closes $5-Million SBA 7(a) Loan with 90% Guarantee for a Beverage Distribution Company in Batesville, MS