ValueXpress Arranges $3.0-Million CMBS Conduit Loan for the Refinance of a 69-Room Country Inn & Suites in Fairborn (Dayton), OH

ValueXpress has arranged a $3.0-million CMBS conduit loan for the refinance of a Country Inn & Suites hotel constructed in 2006. Located in the Wright Patterson Air Force Base (AFB) section of Dayton, OH, the property is a 3-story, 69-room inn & suites hotel constructed by the sponsors to Country Inn & Suites brand standards.

Situated just off I-675, the Country Inn & Suites Fairborn South is six miles from Beavercreek and nine miles from Dayton.  The hotel’s location near Wright Patterson AFB is convenient for visiting military personnel, and the hotel is 20 minutes from Dayton International Airport.  The hotel is also proximate to the Dayton Convention Center, Wright State University, Central State University, Wilberforce University and the Mall at Fairfield Commons. The hotel offers a variety of excellent amenities, including complimentary Wi-Fi, a fully renovated Fitness Center, a heated indoor pool and a free breakfast buffet.

The loan provides for a 10-year term with a 25-year amortization schedule and is non-recourse. Financing was provided by an active CMBS conduit lender that has an ongoing relationship with ValueXpress to arrange additional CMBS conduit loans.

Advertisements
This entry was posted in CMBS, CMBS Conduit Loans, Commercial Mortgage-Backed Securities, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s