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...]
ValueXpress Arranges $4,500,000 CMBS Conduit Loan for the Refinance of a Hampton Inn Hotel in Santa Rosa, NM
ValueXpress has arranged a $4,500,000 CMBS conduit loan for the refinance of a 64-room Hampton Inn hotel located in Santa Rosa, New Mexico. The three-story hotel was constructed in 2008. The purpose for the loan was to convert an existing floating-rate SBA loan into a 10-year fixed rate loan at a … [Read more...]
ValueXpress Arranges $3,250,000 CMBS Conduit Loan for the Refinance of a Best Western Plus Hotel in Crawfordsville, IN
ValueXpress has arranged a $3,250,000 CMBS conduit loan for the refinance of an 81-room Best Western Plus hotel. The sponsors purchased the hotel in September 2015 from the bank in an all-cash transaction. The property was originally constructed in 2011 and operated as a Candlewood Suites until … [Read more...]
ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL
ValueXpress has arranged a $3,875,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...]
ValueXpress Arranges $2,475,000 Commercial Loan for the Purchase of 12,400-Square-Foot Mixed-Use Building in Bronx, NY
ValueXpress has arranged a $2,475,000 commercial real estate loan through its affiliated bank, Country Bank, for the purchase of two connected, one-story, mixed-use commercial buildings located at 315 Jackson Avenue, Bronx, New York. The buildings were formerly occupied by a plumbing … [Read more...]
ValueXpress Arranges $11,000,000 CMBS Conduit Loan for the Refinance of a Hilton Garden Inn in Pascagoula, MS
ValueXpress obtained an $11-million CMBS conduit loan for the refinance of a 119-room Hilton Garden Inn located in Pascagoula, Mississippi. The 5-story property was constructed in 2014 and is the number one-rated hotel in the Pascagoula market, according to TripAdvisor. The loan refinanced a … [Read more...]
ValueXpress Arranges $8,200,000 CMBS Conduit Loan for the Purchase of a Hilton Garden Inn in Killeen, TX
ValueXpress obtained an $8,200,000 CMBS conduit loan for the purchase of a 102-room Hilton Garden Inn located in Killen, Texas. The purchaser, Vui Le, will complete a change-of-ownership Property Improvement Plan (PIP) in conjunction with a new 15-year franchise agreement with Hilton Worldwide. The … [Read more...]