ValueXpress has arranged a $3,425,000 SBA 7(a) loan commitment for the refinance of the Days Inn – Laredo, a 2-story, 126-room interior-corridor property that was purchased and gut-renovated by the sponsors in 2011. The property offers an outdoor pool, exercise room, outdoor barbeque and picnic … [Read more...] about VALUEXPRESS OBTAINS $3,425,000 SBA 7(a) COMMITMENT TO PAY OFF A CMBS CONDUIT LOAN FOR A DAYS INN HOTEL IN LAREDO, TX
VALUEXPRESS ARRANGES $4,150,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF THE MURCHISON BUILDING LOCATED IN WILMINGTON, NC
ValueXpress has arranged a $4,150,000 CMBS conduit loan for the refinance of a 55,200-square-foot office building located at 201 N. Front Street in Wilmington, North Carolina. The Murchison Building is an 11-story brick and marble structure at the corner of Front and Chestnut Streets. Sitting on … [Read more...] about VALUEXPRESS ARRANGES $4,150,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF THE MURCHISON BUILDING LOCATED IN WILMINGTON, NC
VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
ValueXpress has arranged a $6-million first mortgage CMBS conduit loan for the refinance of two adjacent retail buildings located in Henderson, Nevada. Henderson is a rapidly growing suburb of Las Vegas that is located approximately 10 miles southeast of the city. The purpose of the loan was to … [Read more...] about VALUEXPRESS SECURES A $6-MILLION CMBS CONDUIT LOAN FOR A RETAIL CENTER LOCATED IN HENDERSON (LAS VEGAS), NV
VALUEXPRESS OBTAINS $15-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF THE AMBRIDGE REGIONAL DISTRIBUTION & MANUFACTURING CENTER IN AMBRIDGE (PITTSBURGH), PA
ValueXpress has arranged a $15-million CMBS conduit loan for the refinance of a 1-million-square-foot warehouse and light manufacturing industrial park located in Ambridge, Pennsylvania, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between 1920 and … [Read more...] about VALUEXPRESS OBTAINS $15-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF THE AMBRIDGE REGIONAL DISTRIBUTION & MANUFACTURING CENTER IN AMBRIDGE (PITTSBURGH), PA
8.10.20: A REFRESHER — HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN?
How is the interest rate fixed on a CMBS conduit loan? In the loan Term Sheet, under Interest Rate, the provision indicates that the interest rate will be set by adding the loan “spread” (expressed in basis points; i.e., “250 basis points”) to the Swap Rate with same term as the loan. If the loan is … [Read more...] about 8.10.20: A REFRESHER — HOW AND WHEN IS THE INTEREST RATE SET ON A CMBS CONDUIT LOAN?
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 3 retail centers located in Jackson, Mississippi. The transaction provided over $1 million of cash-out loan proceeds to the sponsor that will be used for additional real estate investments. The transaction also refinanced … [Read more...] about VALUEXPRESS ARRANGES $3,900,000 CMBS CONDUIT LOAN FOR THE REFINANCE OF A PORTFOLIO OF NEIGHBORHOOD RETAIL CENTERS LOCATED IN JACKSON, MS
VALUEXPRESS OBTAINS $3.7-MILLION CMBS CONDUIT LOAN FOR A CLASS A OFFICE BUILDING LOCATED IN BOCA RATON, FL
ValueXpress obtained a $3.7-million first-mortgage loan that was utilized to refinance existing debt secured by a 25,400-square-foot multi-tenant office building located in Boca Raton, Florida. The property, constructed in 2006, is currently 87% occupied by 16 tenants, primarily local professional … [Read more...] about VALUEXPRESS OBTAINS $3.7-MILLION CMBS CONDUIT LOAN FOR A CLASS A OFFICE BUILDING LOCATED IN BOCA RATON, FL
VALUEXPRESS ARRANGES $6,000,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF COMMERCIAL SELF-STORAGE – CASTLETON (INDIANAPOLIS), IN
ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a 66,800-square-foot (sf) self-storage facility located in the Castleton section of Indianapolis, Indiana. The property was purchased by sponsor Jim Sapp in December 2009. At acquisition, the property contained 33,600 sf in … [Read more...] about VALUEXPRESS ARRANGES $6,000,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF COMMERCIAL SELF-STORAGE – CASTLETON (INDIANAPOLIS), IN
VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OREGON (POST-COVID)
ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of a 66-site manufactured housing community (MHC) located in Eugene, Oregon. All the homes are double-wide units. The transaction provided over $2 million of cash-out proceeds to the owner. The market for housing in Eugene … [Read more...] about VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OREGON (POST-COVID)
6.12.20: VALUEXPRESS ACTIVELY SEEKING CMBS CONDUIT LOANS
ValueXpress is actively seeking new CMBS conduit loans. We are pursuing multifamily, manufactured housing community (MHC), self-storage, industrial, retail and office loans. Hotels remain on pause unless performance was unaffected by COVID-19. Interest rates are in the 4.00%-4.50% range. We are … [Read more...] about 6.12.20: VALUEXPRESS ACTIVELY SEEKING CMBS CONDUIT LOANS
