ValueXpress has arranged a $9.5-million CMBS conduit loan for the refinance of a multi-tenant industrial park located in Watkins, Colorado, which is approximately 25 miles east of Denver. The 299,835-square-foot property was constructed in 1970 as a single-user property. The sponsor purchased the … [Read more...] about ValueXpress Arranges $9,500,000 CMBS Conduit Loan for the Refinance of a Multi-Tenant Industrial Park Located in Watkins (Denver), CO
$945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
Guaranty Bank and Trust, a ValueXpress banking partner, closed on a loan for the construction of a 9,960-square-foot retail building located at 4207 Clay Street in Vicksburg, MS for a ValueXpress client. The loan amount will be $945,000 when fully funded. Total project costs are an estimated … [Read more...] about $945,000 Loan Closes for the Construction of a Multi-Tenant Retail Building
8.26.10: Use HUD 221(d)4 Program for Multi-Family Rehab Loans
Many borrowers are facing a difficult time finding lenders interested in construction or rehabilitation loans right now. But multi-family owners with a need and desire to rehabilitate their multi-family properties are finding the HUD 221(d)4 program a viable alternative. “We direct clients with … [Read more...] about 8.26.10: Use HUD 221(d)4 Program for Multi-Family Rehab Loans
3.29.10: JP Morgan Closes CMBS Conduit Loan, While RBS Prepares Multi-Borrower CMBS Issue
Ramco-Gershenson Properties Trust announced that it has closed on a new $31.3-million CMBS loan with J.P. Morgan; the loan is secured by its West Oaks II shopping center in Novi, MI and its Spring Meadows Place shopping center in Holland, OH. The $31.3-million financing represents a loan-to-value of … [Read more...] about 3.29.10: JP Morgan Closes CMBS Conduit Loan, While RBS Prepares Multi-Borrower CMBS Issue