The buyers of the most risky CMBS securities, sometime referred to as the “b-buyers,” have laid down some pretty strict guidelines for the remaining minimum term for franchise agreements on hotels to be eligible for CMBS conduit loans. As the buyers of the most risky CMBS securities, the b-buyers … [Read more...] about 4.3.15: Franchise Expirations Becoming a Headache for CMBS Conduit Hotel Loans
7.1.14: Sizing Cheat Sheet for Non-Recourse Hotel Construction Loans
We recently had a conference call with our non-recourse construction lender who laid out a nifty concept to perform a "rough and dirty" loan sizing for hotel construction loans. ValueXpress will be converting these instructions into a simple model that can be found on our website. As a refresher, … [Read more...] about 7.1.14: Sizing Cheat Sheet for Non-Recourse Hotel Construction Loans
8.20.12: Energy Boom Boosting Texas Hotel Performance
Jay Bhakta, a senior loan originator at the ValueXpress Jackson, MS office, has lived in Jackson, MS for over 20 years. During that time he has become a well-known financier to the Asian-American community, having financed numerous hotels, gas stations and fast food/convenience stores in the past … [Read more...] about 8.20.12: Energy Boom Boosting Texas Hotel Performance
7.3.12: Fracking Boosts Hotel Business
Hydraulic fracking has positively influenced hotel performance in areas with high fracking activity. One such area in the eastern portion of the United States is in the “Marcellus Shale” region, mostly found under the states of Pennsylvania, Ohio and West Virginia. These three states allow fracking, … [Read more...] about 7.3.12: Fracking Boosts Hotel Business
6.22.12: Characteristics of Hotel Loans in CMBS 2.0
Jim Brett, senior loan underwriter, head closer, CMBS research analyst at ValueXpress and all-around good guy, recently prepared a study of the 222 hospitality loans that have been included in 35 CMBS issues since 2010. The effort discovered trends that can be utilized to advise our hospitality … [Read more...] about 6.22.12: Characteristics of Hotel Loans in CMBS 2.0
7.6.11: ValueXpress Seeks Large High Leverage Hotel Loans
A key ValueXpress lending partner continues to seek high leverage hospitality loans. The bridge loan program is designed for transactions with loan amounts of at least $20 million for properties seeking shorter term funds to restabilize property cash flow after the recession, newer properties that … [Read more...] about 7.6.11: ValueXpress Seeks Large High Leverage Hotel Loans
6.18.11: AAHOA Report: Debt Available for Hotel Owners
Hotel owners who attended the recent Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV were encouraged by the improvement noted in room sales in late 2010 and 2011 to date after poor business conditions resulted in revenue declines of at least 10%-30% during the … [Read more...] about 6.18.11: AAHOA Report: Debt Available for Hotel Owners