ValueXpress is pleased to announce a new loan program for healthcare practices. The program is for fixed-rate conventional loans -- NOT SBA loans. The loans are for professionals who own healthcare businesses with or without real estate. Qualifying practices include dentists, veterinarians, eye care … [Read more...] about 8.1.22: VALUEXPRESS ANNOUNCES NEW LOAN PROGRAM FOR HEALTHCARE PRACTICES
6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
The hotel lending market is rebounding solidly amid the receding COVID-19 pandemic. Destination hotels, extended-stay hotels and other service-oriented hotels that remained busy during the pandemic are expected to qualify for new loans as cash flows rise sharply amid pent-up demand from travelers. … [Read more...] about 6.30.21: VALUEXPRESS SEEKS HOTELS TO FINANCE IN ITS CMBS PROGRAM
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
9.19.20: U.S. SENATE INTRODUCES BILL TO EXTEND THE SMALL BUSINESS DEBT-RELIEF PROGRAM
The U.S. Senate Committee on Small Business and Entrepreneurship has introduced legislation to extend the small business debt-relief program. If passed, the Small Business Debt Relief Extension Act will provide at least five more months of principal, interest and fee payments on all preexisting, … [Read more...] about 9.19.20: U.S. SENATE INTRODUCES BILL TO EXTEND THE SMALL BUSINESS DEBT-RELIEF PROGRAM
VALUEXPRESS ARRANGES $6,000,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF COMMERCIAL SELF-STORAGE – CASTLETON (INDIANAPOLIS), IN
ValueXpress has arranged a $6-million CMBS conduit loan for the refinance of a 66,800-square-foot (sf) self-storage facility located in the Castleton section of Indianapolis, Indiana. The property was purchased by sponsor Jim Sapp in December 2009. At acquisition, the property contained 33,600 sf in … [Read more...] about VALUEXPRESS ARRANGES $6,000,000 CMBS CONDUIT LOAN THROUGH FIXED-FEE PROGRAM FOR THE REFINANCE OF COMMERCIAL SELF-STORAGE – CASTLETON (INDIANAPOLIS), IN
5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
ValueXpress has processed roughly 20 Paycheck Protection Program (PPP) loans for its clients. The loans are forgiven if the proceeds are used for eligible expenses for the 8-week period after closing of the loan. The recipient of a PPP loan will have the following portion of the loan forgiven: … [Read more...] about 5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
6.22.18: ValueXpress Fixed-Fee CMBS Program Takes Off
A few months ago, ValueXpress introduced a “fixed cost” CMBS conduit loan option for loans between $1.5 million and $12 million. “We closed our first loan a few weeks ago and have another three loans in the closing process,” commented Michael Sneden, Executive Vice President at ValueXpress. “Clients … [Read more...] about 6.22.18: ValueXpress Fixed-Fee CMBS Program Takes Off
3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
ValueXpress is passing through to borrowers a pricing special effective on Freddie Mac Small Balance Loans (SBL). Applications for the purchase or refinance of multifamily properties with special pricing begin March 15, 2018. Borrowers will receive a 10-basis-point reduction from published rates … [Read more...] about 3.9.18: Freddie Mac Small Balance Program Offers a Blue Light Special!
2.27.18: SBA 504 Program Works Well for Hotel Purchases
We at ValueXpress have a niche business in the SBA 504 program. We assist our clients in the purchase of generally mid-scale hotels such as Hampton Inn and Holiday Inn Express brands using the SBA 504 program. Why use the SBA 504 program over CMBS, our bread and butter, for a mid-scale hotel … [Read more...] about 2.27.18: SBA 504 Program Works Well for Hotel Purchases
2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
Last week we provided some exciting information for small balance CMBS borrowers ($2 million-$10 million) with the introduction of a fixed-fee CMBS conduit loan. The fee -- $25,000 -- covers all third-party transaction costs, including appraisal, property condition assessment, Phase I environmental … [Read more...] about 2.7.18: More Benefits of the Fixed-Cost CMBS Lending Program
