SBA Administrator Guzman has announced major enhancements to the COVID Economic Injury Disaster Loan Program (EIDL) targeting hard-hit sectors such as restaurants, gyms and hotels. The program cap has been increased to $2 million, uses of funds have been expanded to include payment of past and … [Read more...] about 9.20.21: SBA ANNOUNCES INCREASE IN COVID EIDL LOANS TO $2 MILLION
COVID-19 has claimed the landmark Roosevelt Hotel in Midtown Manhattan. The hotel’s owner, Pakistan International Airlines, announced over the weekend that it was shuttering the 19-story, 1,015-key hotel at 45 East 45th Street before the end of 2020 due to a steep drop in demand because of the … [Read more...] about 10.7.20: NEW YORK’S ROOSEVELT HOTEL CLOSING PERMANENTLY DUE TO COVID
ValueXpress is actively seeking new CMBS conduit loans as recent CMBS bond offerings are being well received by investors. We are seeking multifamily, manufactured housing community (MHC), self-storage, industrial, retail and office loans. Hotels remain on pause unless their performance was … [Read more...] about 5.27.20: POST-COVID-19 CMBS ISSUANCE CONTINUES WITH NEW DEAL FROM WELLS FARGO TEAM
The global threat from the corona virus pandemic will eventually pass and retailers will begin to return to varying stages of normal; however, customer experiences and interactions will likely be vastly different. If the retailer is located in an enclosed mall, it is likely that consumers will be … [Read more...] about 5.14.20: WHAT WILL THE SHOPPING EXPERIENCE BE POST-COVID?