Category Archives: Commercial Real Estate Loans

6.4.18: Keep Contractor Work to a Minimum When Closing a CMBS Conduit Loan

We recently had to work through an issue on a relatively simple CMBS conduit loan. The transaction was a 50% loan-to-value (LTV) cash-out refinance of a small neighborhood shopping center that was 100% leased. One of the tenants that will … Continue reading

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5.27.18: ValueXpress-Sponsored Team Wins Cricket Tournament

PanAm A defeated Houston A by 21 runs in the 2018 Bhakta Invitational Cricket Tournament held in Dallas, Texas on May 24-27. ValueXpress sponsored PanAm A and was a tournament sponsor. ValueXpress has sponsored PanAm A, which also won the … Continue reading

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

ValueXpress Arranges $5,200,000 Loan for the Purchase of a Fairfield Inn & Suites in Chattanooga, TN

ValueXpress has arranged a $5.2-million loan for the purchase of the Fairfield Inn & Suites – Chattanooga South/East Ridge. The three-story hotel was recently renovated to the latest Marriott brand standard by the prior owners who elected to sell the … Continue reading

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5.25.18: Dry Cleaners Can Be an Environmental Concern in CMBS

Over the years, environmental issues requiring mitigation before a CMBS conduit loan can close have declined. However, one issue related to dry cleaners still surfaces from time to time. Properties identified as having a current or former dry cleaner that … Continue reading

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5.21.18: ICSC RECon Takeaway: Malls Will Continue to Shutter and Evolve

Concerns linger regarding the fate of malls in the United States, even as the sentiment among retail real estate professionals remained upbeat at this year’s ICSC RECon, held at the Las Vegas Convention Center in Las Vegas, Nevada. America’s nearly … 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

5.14.18: Role of Insurance Companies in Commercial Real Estate Financing

Sam Davis, a partner at Camden Consulting Group, recently wrote about the role of insurance companies in commercial real estate finance for the Mortgage Bankers of America. Here is what Davis has to say: Insurance companies play a significant role … Continue reading

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ValueXpress Arranges $3,550,000 Fannie Mae Small Balance Multifamily Loan for the Purchase of the Boardwalk Apartment Portfolio, Norfolk, VA

ValueXpress has arranged a $3,550,000 Fannie Mae CMBS conduit loan for the purchase of a portfolio of six small apartment buildings located in Norfolk, Virginia. The loan represented 80% of the $4,437,500 purchase price. The properties are known as Castaways, … Continue reading

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