ValueXpress arranged a $1,720,000 first mortgage loan secured by a two-story mixed-use retail/residential building located in the Park Slope section of Brooklyn, New York.  The loan was closed by its New York-based banking partner, Country Bank, for its portfolio.  The property consists of an … [Read more...] about ValueXpress Closes Loan Secured by Mixed-Use Property in Brooklyn, NY

ValueXpress closed a $960,000 first mortgage loan secured by a Super 8 limited service hotel located in metropolitan Dayton, Ohio. The 25-year fixed-rate loan carries an interest rate in the 6% area and is full recourse. The loan was closed through the SBA 7(a) program. The property is a 60-room … [Read more...] about ValueXpress Closes an SBA 7(a) Loan Secured by a Super 8 Hotel

ValueXpress provided due diligence services related to the negotiation and purchase of nine performing owner-occupied loans at a discount to face amount on behalf of Country Bank, a N.Y. commercial bank with $500 million in assets. The loans, with a principal balance in excess of $6 million, are … [Read more...] about ValueXpress Closes on the Purchase of a Portfolio of Nine Owner-Occupied Loans

ValueXpress closed a $2,550,000 first mortgage loan secured by an Econolodge limited service hotel located in upstate New York. The 5-year fixed-rate loan carries an interest rate in the mid-6% area and is full recourse. The loan was closed through the owner-occupied loan program offered by … [Read more...] about ValueXpress Obtains a $2,550,000 Loan to Refinance a Limited Service Hotel in Upstate NY

ValueXpress obtained a $20,500,000 Commitment from HUD to insure a loan secured by Mansion House Apartments, a 28-story mixed-use apartment complex located on 4th Street in downtown St. Louis, MO. The property contains 416 apartment units, 70,000 square feet of office space and a 558-car parking … [Read more...] about ValueXpress Obtains $20,500,000 Commitment Under HUD 223(f) Multifamily Program

ValueXpress closed a $2,940,000 first mortgage loan in conjunction with a $1,805,000 SBA 504 second mortgage loan utilized to acquire a 77-room interior-corridor property located on Interstate 90 in northeastern Ohio. The property is 2 miles from Lake Erie. The hotel was construction in 1999 and is … [Read more...] about ValueXpress Provides SBA 504 Loan for the Acquisition of a Holiday Inn Express Limited Service Hotel

ValueXpress closed a $1,495,000 first mortgage loan secured by a Days Inn limited service hotel located in Alabama. The 30-year fixed-rate loan carries an interest rate in the low 7% area and is full recourse. The loan was closed through the owner-occupied loan program offered by ValueXpress. The … [Read more...] about ValueXpress Provides Loan to Refinance a Days Inn Limited Service Hotel

ValueXpress closed a $1,750,000 first mortgage loan and a $1,400,000 SBA 504 second mortgage loan secured by two industrial properties located in Brooklyn, New York. Gary Unkel, who originated the loan on behalf of a long-time client, commented, “The company needed additional warehouse and office … [Read more...] about ValueXpress Provides SBA 504 Loan for Brooklyn-Based Clothing Exporter

ValueXpress has arranged an SBA 504 loan transaction to refinance a conventional owner-occupied real estate loan held by its affiliate, Country Bank. The existing $990,000 loan carries an interest rate in excess of 8% and will be refinanced with a new first mortgage from Country Bank in the mid-6% … [Read more...] about ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY