ValueXpress has arranged a $3,900,000 CMBS conduit loan for the purchase of a retail condominium leased to 7-Eleven on a triple net basis for 15 years. The store is located on the ground floor of a residential condominium located along the east side of Bowery, between East 3rd Street and East 4th … [Read more...] about VALUEXPRESS OBTAINS $3.9-MILLION CMBS CONDUIT LOAN FOR THE PURCHASE OF A SINGLE-TENANT RETAIL CONDOMINIUM LEASED TO 7-ELEVEN IN MANHATTAN, NYC
VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
ValueXpress has arranged a $5,500,000 CMBS conduit loan for the refinance of a Holiday Inn Express limited-service hotel located in Alamogordo, New Mexico. The Holiday Inn Express is a 3-story, 80-room interior corridor property constructed in 2006. The property completed a major Property … [Read more...] about VALUEXPRESS OBTAINS $5.5-MILLION CMBS CONDUIT LOAN FOR THE REFINANCE OF A HOLIDAY INN EXPRESS LIMITED-SERVICE HOTEL IN ALAMOGORDO, NM
4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
ValueXpress is in the business of providing loan quotes for CMBS conduit loans. To provide loan quotes requires us to do loan sizing. CMBS conduit loans are based on the amount of property cash flow. To determine the maximum loan amount that can be offered to a borrower, CMBS loan underwriters … [Read more...] about 4.30.21: “LOAN SIZING” ACCURATELY DETERMINES LOAN AMOUNTS FOR CMBS CONDUIT LOANS
4.17.21: BMO CAPITAL STAFFS UP FOR CMBS CONDUIT LENDING PUSH
Last fall, Paul Vanderslice, a Citigroup veteran and former Cantor Commercial Real Estate executive led the formation of a new CMBS securitization platform, BMO Capital Markets. BMO, the investment banking subsidiary of Bank of Montreal, has built out a "first-rate" commercial mortgage-backed … [Read more...] about 4.17.21: BMO CAPITAL STAFFS UP FOR CMBS CONDUIT LENDING PUSH
VALUEXPRESS ARRANGES $3,200,000 CBMS CONDUIT LOAN FOR THE REFINANCE OF A 66-SITE MANUFACTURED HOUSING COMMUNITY (MHC) IN EUGENE, OR
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, OR
3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
The COVID-19 pandemic has affected hotels more than other asset classes eligible for CMBS conduit loans. In January 2021, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR), according to yearend 2020 data from STR. In addition, year-over-year declines … [Read more...] about 3.2.21: CMBS Conduit Loan Market Prepares to Close More Hotel Loans
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 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
