ValueXpress obtained a $1,775,000 CMBS conduit loan for a prominent developer in Buffalo, New York that provided approximately $375,000 in cash-out proceeds to provide equity for additional real estate projects. The loan is secured by 4 commercial retail buildings leased to 18 tenants. The property, … [Read more...] about ValueXpress Obtains $1,775,000 CMBS Conduit Loan for the Refinance of a 33,100-Square-Foot Neighborhood Retail Center Located in Kenmore (Buffalo), NY
8.1.19: Enough About Closures, Who Is Opening New Retail Stores?
While the so-called “retail apocalypse” is undeniably wreaking havoc in the shopping industry, not all physical retailers are floundering. Some retailers have big expansions in the works. Most of the retailers that are expanding are discounters, including dollar stores and chains full of random … [Read more...] about 8.1.19: Enough About Closures, Who Is Opening New Retail Stores?
ValueXpress Arranges $3,900,000 CMBS Conduit Loan for the Refinance of a Portfolio of Neighborhood Retail Centers Located in Jackson, MS
ValueXpress has arranged a $3.9-million CMBS conduit loan for the refinance of three retail centers located in Jackson, Mississippi. The transaction provided over $1 million of cash-out loan proceeds to the sponsor for additional real estate investments. The transaction also refinanced the prior … [Read more...] about ValueXpress Arranges $3,900,000 CMBS Conduit Loan for the Refinance of a Portfolio of Neighborhood Retail Centers Located in Jackson, MS
ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
ValueXpress has arranged a $5,000,000 CMBS conduit loan for the refinance of Dover Downs Shopping Center, a 95,717-square-foot power center located at 1165 North DuPont Highway (Route 13) in Dover, Delaware. Route 13 is the primary retail/commercial corridor serving Dover, the second-largest city in … [Read more...] about ValueXpress Obtains $5-Million CMBS Conduit Loan for a Retail Power Center in Dover, DE for Client of CCTG Grad
3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...] about 3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL
ValueXpress has arranged a $3,875,000 CMBS conduit loan for the purchase of a 28,330-square-foot neighborhood retail center located at 7785-7795 Davis Blvd in Naples, Florida. The loan was structured with a 10-year fixed-rate loan term and a 30-year amortization schedule. The property is anchored by … [Read more...] about ValueXpress Arranges $3,875,000 CBMS Conduit Loan for the Purchase of 28,330-Square-Foot Neighborhood Retail Center in Naples, FL
$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
4.27.18: CMBS Remains Best Solution for Retail Loans
Struggling retailers have lenders reassessing the risk of retail loans. Over the past two years, poor retail sales have resulted in a slew of store closures and bankruptcies. It seems that not a month goes by without more bad news, most recently the closing of the Bon-Ton department store chain, … [Read more...] about 4.27.18: CMBS Remains Best Solution for Retail Loans
6.15.16: Owners Scramble to Fill Big Box Retail Spaces
With the recent bankruptcy of Sports Authority and prior bankruptcies of Circuit City, CompUSA, Borders, and Linens and Things, all of which occupied stores generally 20,000-30,000 square feet, property owners are scrambling to re-lease these spaces to a smaller universe of prospects. Potential … [Read more...] about 6.15.16: Owners Scramble to Fill Big Box Retail Spaces
4.20.16: Retail Property Cap Rates Rise in the First Quarter
The average cap rate for retail properties nationwide moved up 11 basis points (bp) between the fourth quarter of 2015 and the first quarter 2016, to 6.59%, according to a recent report from commercial real estate services firm CBRE. Still, the figure represented a 13 bp year-over-year decrease. … [Read more...] about 4.20.16: Retail Property Cap Rates Rise in the First Quarter