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, PA, 15 miles north of Pittsburgh. The property features 22 buildings that were constructed in stages between 1920 and 1968. In … [Read more...]
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...]
ValueXpress Obtains $5.7-Million CMBS Conduit Loan for a 240-Unit Apartment Complex in Houston, TX
ValueXpress obtained a $5.7-million first-mortgage loan that was utilized to refinance Sago Palms Apartments, a 240-unit apartment community located in Houston, Texas. The complex was built in 1980 and was over 90% occupied at loan closing. The property is located in north Houston, in proximity to … [Read more...]
ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
ValueXpress has arranged a $3.2-million CMBS conduit loan for the refinance of the Best Western Bayou Inn & Suites hotel that was constructed in 2000. The two-story property is located off Interstate 10 at Exit 33 in Lake Charles, Louisiana. Lake Charles has grown with the onset of the … [Read more...]
ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
ValueXpress has arranged a $4.76-million CMBS conduit loan for the refinance of a three-story Quality Inn and Suites hotel constructed in 2012 and located in Bryan, Texas. The property is situated on Highway 6 near Highway 21, just north of College Station, Texas, home of Texas A&M University. The … [Read more...]
ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
ValueXpress obtained a $9.75-million first-mortgage loan that provided a significant pay down of portfolio debt secured by two hospitality properties located in Sandusky, OH, the Best Western Plus – Sandusky and the Comfort Inn – Sandusky. Both properties are located on Milan Road, adjacent to each … [Read more...]
ValueXpress Obtains $5.5-Million CMBS Conduit Loan for a Neighborhood Shopping Center Located in Suburban Atlanta, GA
ValueXpress obtained a $5.5-million first-mortgage loan that was utilized to refinance existing debt secured by a 20,000-square-foot neighborhood shopping center located in the Atlanta MSA. The property is currently 100% occupied by nine tenants. The property was constructed in 2004 and is in … [Read more...]
6.19.12: SBA Appropriation May Increase by $237 Million
In this election season it has become nearly impossible to pass bills that were once routine, but there may be at least one exception: related to the Small Business Administration (SBA). Last week, the Republican-led U.S. House Appropriations Committee unveiled its bill to finance the SBA and … [Read more...]
4.7.11: ValueXpress Lowers CMBS Conduit Loan Minimum to $1 Million
ValueXpress has lowered the minimum loan amount for CMBS conduit loans to $1 million, effective immediately. On CMBS conduit loans between $1 million and $5 million, 5- and 10-year loan terms are available based on 25-year amortization (30 years for multi-family and manufactured housing … [Read more...]
9.13.10: JPMorgan Issues $485 Million in CMBS
JPMorgan issued $485 million in CMBS backed by 72 shopping centers owned by Centro Properties. The 10-year loan amortizes on a 30-year schedule and carries a 6.27% interest rate. The underlying loan included $89 million of subordinate financing. The largest allocated loan balance ($40.4 million) was … [Read more...]