ValueXpress has arranged a $3.85-million CMBS conduit loan for the refinance of a three-story Comfort Inn hotel constructed in 2000. The hotel is located in Camden, Arkansas. The subject hotel was purchased in October 2014 and had not been significantly upgraded since that time. It was … [Read more...]
ValueXpress Arranges $2.6-Million SBA 504 Loan for the Purchase of an 8,160 SF Commercial Building in Brooklyn, NY for Conversion to Retail
ValueXpress has arranged a $2.6-million SBA 504 loan for the purchase of an 8,160-square-foot automotive repair facility that has been converted into a vintage clothing retail store. The property is in the East Flatbush neighborhood of Brooklyn N.Y. The building features a ceiling height of 14 feet … [Read more...]
ValueXpress Arranges $6,500,000 CMBS Conduit Loan for the Refinance of a Comfort Suites in Tempe (Phoenix), AZ
ValueXpress has arranged a $6,500,000 CMBS conduit loan for the refinance of a Comfort Suites located in Tempe, Arizona. The Comfort Suites – Phoenix Airport is a 3-story, 92-room interior-corridor hotel constructed in 1999. The hotel is located 5 minutes from Phoenix Sky Harbor International … [Read more...]
ValueXpress Arranges $3,250,000 CMBS Conduit Loan for the Refinance of a Baymont Inn and Suites in Mackinaw City, MI
ValueXpress has arranged a $3,250,000 CMBS conduit loan for the refinance of a Baymont Inn and Suites franchised hotel located in Mackinaw City, Michigan. The Baymont Inn and Suites – Mackinaw City is a 3-story, 77-room interior-corridor hotel constructed in 1997. The hotel is located … [Read more...]
ValueXpress Arranges $13,800,000 CMBS Conduit Loan for the Refinance of a Portfolio of Hotels Located in Indianapolis, IN
ValueXpress has arranged a $13.8-million CMBS conduit loan for the refinance of two franchised hotels located in Indianapolis and Scottsburg, Indiana. The Hampton Inn – Scottsburg is a 4-story, 86-room hotel constructed in 2000. The hotel is located 80 miles south of Indianapolis and 30 miles … [Read more...]
ValueXpress Arranges $9,500,000 CMBS Conduit Loan for the Refinance of a Multi-Tenant Industrial Park Located in Watkins (Denver), CO
ValueXpress has arranged a $9.5-million CMBS conduit loan for the refinance of a multi-tenant industrial park located in Watkins, Colorado, which is approximately 25 miles east of Denver. The 299,835-square-foot property was constructed in 1970 as a single-user property. The sponsor purchased the … [Read more...]
ValueXpress Arranges $3,900,000 CMBS Conduit Loan for the Refinance of a Portfolio of Neighborhood Retail Centers Located in Jackson, MS
ValueXpress has arranged a $3.9-million CMBS conduit loan for the refinance of three retail centers located in Jackson, Mississippi. The transaction provided over $1 million of cash-out loan proceeds to the sponsor for additional real estate investments. The transaction also refinanced the prior … [Read more...]
ValueXpress Arranges $20-Million CMBS Conduit Loan for the Refinance of a Portfolio of Drugstores Located in Michigan, Georgia and Puerto Rico
ValueXpress has arranged a $20-million CMBS conduit loan for the refinance of five free-standing drugstores. Two of the stores are Walgreens located in Guaynabo and Carolina, Puerto Rico. Two of the stores are Rite Aid located in Michigan, one in Selby Township and the other in Coldwater. The fifth … [Read more...]
ValueXpress Arranges a $6.2-Million CMBS Conduit Loan for the Refinance of a 69-Room Best Western Hotel in Houston, TX
ValueXpress has arranged a $6.2-million CMBS conduit loan for the refinance of a Best Western Hotel constructed in 2002. The three-story property is located near the Galleria section of Houston, Texas. The subject property was acquired by Fountainview BW, LLC in August 2014. The property was … [Read more...]
ValueXpress Arranges $6,200,000 CMBS Loan for the Refinance of a 114-Room Holiday Inn Express in Orange City, FL
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...]