Monthly Archives: November 2018

11.23.18: How to Pre-Qualify a Hotel for a CMBS Conduit Loan

ValueXpress has completed over 200 hotel loan closings, more than 80% of which are fixed-rate, non-recourse CMBS conduit loans. To be most efficient, ValueXpress has developed a simple pre-qualification decision tree to determine if a hotel qualifies for a CMBS … Continue reading

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11.20.18: 175 Performing Post-Crisis CMBS Conduit Loans Set to Mature in 2019

In addition to new borrowers, ValueXpress will be assisting existing CMBS borrowers to refinance loans set to mature in 2019. Approximately 175 performing CMBS conduit loans were closed after 2010 that provided for 5- and 7-year loan terms that will … Continue reading

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11.14.18: Proposed Amazon Long Island City HQ Potential Bonanza for One Court Square Owners

It has been reported that Amazon has signed a letter of intent to occupy 1.0 million square feet in the 1.4-million-square-foot One Court Square office building in Long Island City, Queens. The lease would provide a sigh of relief for … Continue reading

Posted in CMBS, CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , , | Leave a comment

ValueXpress Arranges $9,000,000 Community Bank Loan to Refinance a 103-Room Wingate by Wyndham Hotel Located Near JFK Airport

ValueXpress obtained a $9,000,000 community bank loan to refinance a construction loan that was utilized to construct a 6-story, 103-room Wingate by Wyndham hotel located minutes from John F. Kennedy (JFK) airport. This transaction is the second closing completed by … Continue reading

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11.9.18: Why Is Non-Recourse Important?

One of the primary benefits of CMBS conduit loans is that they are non-recourse. As such, the borrower and guarantor (typically an individual who owns or controls the majority of the borrowing entity) are not personally liable for repayment of … Continue reading

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11.6.18: What Are Non-Recourse Carve-outs?

While all CMBS loans are non-recourse, there is a caveat. Nearly all non-recourse commercial real estate loans have provisions whereby if the individual(s) who own the property (known as the “sponsors”) commit what is referred to in the lending industry … Continue reading

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10.30.18: Denver Industrial Market Is Very Strong

ValueXpress is working on a CMBS conduit loan transaction secured by a multi-tenant industrial park in suburban Denver, Colorado. As with all our loan transactions, ValueXpress surveys the local market for the real estate asset class that is being financed … Continue reading

Posted in CMBS Conduit Loans, Commercial Lending, Commercial Real Estate Loans, Michael D. Sneden, News & Recent Closings, The Banker's Mortgage Conduit, Valuexpress | Tagged , , , | Leave a comment