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...] about ValueXpress Arranges $3.2-Million CMBS Conduit Loan for the Refinance of a 55-Room Best Western Hotel in Lake Charles, LA
12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
Most CMBS conduit loan programs start at $5 million. A few will consider $3 million. But ValueXpress can provide CMBS conduit loans as low as $1.5 million. A few examples of recently closed small balance CMBS conduit loans can be found here and here. How is ValueXpress able to provide small balance … [Read more...] about 12.4.18: ValueXpress Is Your “Go-To” Source for Small Balance CMBS Conduit Loans
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...] about ValueXpress Arranges $4.76-Million CMBS Conduit Loan for the Refinance of 62-Room Quality Inn and Suites Hotel Located in Bryan, TX
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...] about ValueXpress Obtains $9.75-Million CMBS Conduit Loan for a Portfolio of 2 Hotels Located in Sandusky, OH
10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
Borrowers give us a lot of pushback when we ask for property income and expense statements to be provided in Excel. We ask for property income and expenses at the beginning of a loan transaction in order to perform cash flow analysis to determine property value and debt service coverage. For CMBS … [Read more...] about 10.22.18: Why Does ValueXpress Request Income & Expense Statements in Excel?
ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
ValueXpress obtained a $4-million Fannie Mae loan approval from its Fannie Mae partner to refinance a 168-unit Class B apartment community property on a 22-acre site that was built in 1975 by the borrower, Cordoba LLC. The property is located in Hampton, VA. The loan will repay a short-term loan in … [Read more...] about ValueXpress Closes $4,150,000 Fannie Mae Loan for Cordoba Apartments in Hampton, VA
9.28.18: ValueXpress to Exhibit at the 4th Annual National Alliance of Commercial Loan Brokers Conference & Expo
ValueXpress will be exhibiting at the 4th Annual National Alliance of Commercial Loan Brokers (NACLB) Conference & Expo at the Trump National Doral in Miami, Florida. The conference begins on Tuesday, October 16 with an opening cocktail reception and concludes on Thursday afternoon, October 18. … [Read more...] about 9.28.18: ValueXpress to Exhibit at the 4th Annual National Alliance of Commercial Loan Brokers Conference & Expo
ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY
ValueXpress has arranged an SBA 504 loan transaction to refinance a conventional owner-occupied real estate loan held by its affiliate, Country Bank. The existing $990,000 loan carries an interest rate in excess of 8% and will be refinanced with a new first mortgage from Country Bank in the mid-6% … [Read more...] about ValueXpress Arranges Rate Reduction for Hair Salon in Long Island, NY
9.14.18: Loan Submissions Rise in September for ValueXpress
Loan submissions have increased dramatically in September at ValueXpress. The firm is seeing strong demand for CMBS conduit loans secured by hotels, self-storage, retail, office and industrial properties. “As often happens at this time of year, the summer slowdown is over, and borrowers are back to … [Read more...] about 9.14.18: Loan Submissions Rise in September for ValueXpress
9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients
The greatest value ValueXpress brings to a deal is our 30 years of experience in negotiating the best loan terms for our clients. Having completed over 400 loan transactions, we at ValueXpress are aware of all the negotiable loan provisions, and we will ensure that the loan provisions are the most … [Read more...] about 9.11.18: How ValueXpress Negotiates the Best Terms for Its Clients