Following tremendous success at the Asian American Hotel Owners (AAHOA) Trade Show in Las Vegas, NV, ValueXpress will be exhibiting at the Leuva Patidar Samaj of USA National Convention and Trade Show in New Orleans, LA at the Marriott Convention Center on Friday, July 29 and Saturday, July 30, 2011.
Leuva Patidar Samaj of USA is a non-profit organization with over 7,000 members throughout the United States. These Patidars and their Asian-American descendents, who reside all over the world with many in the United States, are compassionate, hard working and very resourceful people. A main goal of the organization is to preserve family values and heritage. This year, over 3,000 members are expected to attend the National Convention and Trade Show. The majority of the members are hospitality property owners.
“ValueXpress has completed over 85 hotels loans during this period with many of those loans to Asian-Americans. The trade show presents an excellent opportunity to allow hotel owners to meet personally with us to learn how we can assist them with their financing needs,” according to Michael D. Sneden, Executive Vice President at ValueXpress.
Jay Bhakta, senior loan originator at the ValueXpress Jackson, MS office, will represent ValueXpress at the trade show. “Many hoteliers are not fully aware that the CMBS conduit loan market is aggressively seeking quality hospitality loans from owners of hotels that performed through the 2008-2009 recession. In addition, with the increase in SBA loan limits to $5 million and the expansion of the SBA 504 program to allow refinancing, hoteliers have more options than ever to secure financing for their hotels,” Sneden said.
ValueXpress welcomes the opportunity to meet with hotel owners at the trade show to explain in detail its SBA 7(a), SBA 504, USDA B&I, CMBS conduit and conventional loans for hospitality properties. Call Jay Bhakta at 1-601-918-2850 for your personal appointment.