1.18.16: ValueXpress Establishes New Nationwide Relationship for SBA 7(a) Loans

ValueXpress recently established a relationship with a nationwide SBA 7(a) lender to originate SBA 7(a) loans on owner-occupied properties throughout the United States.

“We have been so active in CMBS conduit lending that our SBA 7(a) and SBA 504 platforms have fallen a bit to the wayside,” commented Jay Bhakta, Senior Loan Originator for ValueXpress. “But we are still active, mostly providing SBA 7(a) loans on hotels that do not qualify for CMBS execution.”

“Our mission is to be able to help our clients any way we can,” said Michael D. Sneden, Executive Vice President at ValueXpress. “We do a ton of CMBS conduit loans on hotels, but we want to be able to assist clients with exterior-corridor and budget brand hotels that need financing too. In addition, we have quite a few clients who operate businesses from commercial real estate property that they own, which also does not qualify for CMBS. They are eligible for financing in the SBA 7(a) program, though, so we can help them as well.”

ValueXpress has been involved with the SBA 7(a) and 504 programs since 2003. It originates SBA 7(a) and 504 loans in the New York metropolitan area with its affiliate, Country Bank. In addition, the firm maintains regional relationships with SBA 7(a) and 504 affiliates outside the New York metropolitan area.

“What is terrific about our new relationship is the nationwide footprint and aggressive appetite for hospitality,” said Jay. “Many SBA lenders have moved away from hospitality so we are looking forward to completing a lot of hospitality and well as other asset classes with this new partner.”

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This entry was posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, SBA 504, SBA 7(a), SBA Loan Processing, SBA Loans, SBA Partnership, The Banker's Mortgage Conduit, Valuexpress and tagged , , . Bookmark the permalink.

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