11.29.12: ValueXpress Exhibits at 2012 AAHOA Washington District Regional Conference & Trade Show

On Friday, November 29, ValueXpress participated in the 2012 AAHOA Washington District Regional Conference and Trade Show at the Hilton Crystal City Hotel in Arlington, Virginia.  The show featured the Asian-American Hotel Owners Association’s (AAHOA) current President Alkesh Patel and Washington District Regional Director Dharmendra Patel as well as the Washington District Regional AAHOA Ambassadors.  The event focused on professional development in the areas of ADA compliance, e-marketing, debt restructuring and hotel trade area protection.

ValueXpress exhibited after the professional development forum. ValueXpress provided attendees with information on the exceptional interest rates available on commercial loans for hospitality properties.

ValueXpress at AAHOA

“Although we have participated in the AAHOA annual convention and trade shows since 1997, we are exhibiting at regional conferences to educate AAHOA hoteliers on the great lending environment that exists right now,” explained Kevin Monahan, a Senior Loan Originator at ValueXpress.  “Hotel borrowers are so beaten down by the 2008-2010 recession that they may not be aware that certain financing programs for hotels, including CMBS, are very active right now,” said Monahan, who manned the ValueXpress booth at the show.

ValueXpress is currently processing 10 CMBS conduit hotel loans for AAHOA members.  For those new to the CMBS conduit loan product, the loans are fixed-rate (about 5% today) for 5, 7 or 10 years; are non-recourse (no personal guaranty); and allow for unrestricted cash-out.  These loans are very popular for cash-out refinances.  ValueXpress has completed over 125 CMBS conduit loans for AAHOA members over the past years.

For purchase transactions, the SBA 504 program remains the primary choice for AAHOA members as the program provides for 85% financing, much more than CMBS conduit.  The 504 program allows AAHOA members to buy hotel properties with less equity contribution than CMBS.  For conference attendees who visited the ValueXpress booth and want to follow up with Kevin, he can be reached at 973-579-6061.

This entry was posted in AAHOA, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, Owner-Occupied Loans, Owner-User Loans, SBA, SBA 504, SBA Loan Processing, SBA Loans, The Banker's Mortgage Conduit, Valuexpress and tagged , , , , , , , . Bookmark the permalink.

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