Commercial insurance terms
Commercial Mortgages & Commercial Properties Blog
The Commercial Mortgages & Commercial Properties Blog keeps you up-to-date with industry news. Subscribe here!
- Don't Get Burned By Commercial Hard Money Lenders!
I've talked to lots of borrowers that have been burned badly by Commercial Hard Money Lenders. Learn what pitfalls to avoid when trying to obtain a commercial hard money loan. - Gas Station Franchise...Top 5 Reasons Why They Fail!
Most gas station franchises fail within the first year. Before you buy your first gas station franchise you will want to make sure that you are not making these simple mistakes. - Gas Station Financing...Don't Blow It!
A Gas station can be one of the most difficult property types to get financed. Learn the reasons why lenders don't want to finance them. - Top Executives Exuberant About Commercial Real Estate
A recent survey conducted by DLA Piper Law Firm, of the top 274 executives in commercial real estate, concluded that there was excitement concerning the future of commercial real estate.The survey reveals that abundant capital flows from both private equity funds and traditional lending sources have spurred an insatiable demand for real estate assets as 78 percent of respondents describe their 12-month outlook for the U.S. commercial real estate industry as bullish, up from 43 percent in 2005. When asked the primary reason for their confidence, 48 percent cited the continued growth of the U.S. economy. Also, with a slowdown in the single-family residential housing market and the subprime lending situation, multifamily continues to be the most attractive real estate investment opportunity in the coming year as 26 percent of survey respondents chose multifamily over other investment options. - Why Is It So Hard To Get Hard Money For Raw Land?
A year ot two ago, it was so easy getting hard money for a land deal. The lenders were fighting you for your business. But the business climate has changed...drastically.Why?According to a lender I talked to last week, the main reason is because the default rate has become so high, that most lenders, can't take the risk to put these types of deals on their books. So what should you do if you need a hard money loan?#1 - Expect low LTV's and plan accordingly. Don't expect more than 50 of the appraised value of the land (another gotcha is that your appraisal might be high but rest assured that the lender's appraisal is going to be low!).2) Use other income producing commercial property as collateral.3) Have a strong financial statement.And if all else fails, instaed of hard money, you can look for an equity partner. But this should be your last resort...an equity partner will expect a big piece of your project. - Do You Need A Real Estate Development Business Plan?
I get asked that question so much, "Do I really need one?". The answer is, YES!How can you expect a bank or private investor to loan you millions of dollars and you can't explain your project in a business-like and logical manner with all the financials?Trust me, from my experience, when a developer has taken the time to investigate & research his project (so that it makes financial sense), they have never been turned down for financing.So take the time and have a professional help you. You won't regret it! - The Wave Of The Future...Assisted Living Facilities.
As our aging population continues to grow, there is a shortgage of good assisted living facilities (ALF)to chose from. This is especially true in more rural areas. So now is a good time to look into owning an ALF's.So where do you build or buy these facilities. Some possible target property types are: schools, churches, municipal buildings, small hospitals or long term care facilities. When looking to develop ALF, here are a few things to remember:#1 40 plus bed capacity (in order to financially acceptable).#2 Each room should have a window.#3 Be within 10 - 15 minutes of a hospital.#4 If more than one floor, it should have an elevator. - Now Is The Time For Apartment Developers To Get Your Projects In!
Are you an aprtment or multi-family developer? Are you looking to get funding before the end of this year?Well you need to hurry because we're quickly approaching the mid-year mark. Construction financing typically takes 4 to 6 months (from start to finish), so you need to get on board NOW!What type of information do you need to get started? You will need your proforma construction costs and your expected income & expenses. Its that simple. So don't delay, get your projects submitted ASAP. - Why Is It So Hard To Find Commercial Mortgage Broker Training?
Have you been searching for commercial mortgage broker training program? Then I bet you're having a hard time! When I first became interested in commercial finance, I started looking for any type of training or books on the subject. I just couldn't find much. The few training programs were for specific lending banks and they just wanted you to push their programs. They didn't provide a strong background on commercial finance.So what should you expect? The training should provide a strong background on commercial finance basics. It should give you enough information that you can start your business without feeling that you don't have enough knowledge.But remember, knowledge is just a portion of your business...you also need ACTION! Without action, your business will shivel up and all that knowledge will be lost. - The Fear of Writing LOI's
Most new comers to the commercial arena have a fear of writing or submitting LOI's (letter of intent). But don't fear them! They are the best tool and most investors don't utilize them enough. The LOI is where you hammer out all the details before you engage in the contract. You have a meeting of the minds.Now where most investors have problems with LOI's is not really the LOI itself but how to structure the terms that are within the LOI.If you're having problems with structuring your projects, then it is time to get help. A good consultant can help you get the best structure for your investment and help you put the correct terms into your LOI. This little step can save you a lot of money! - Why The SubPrime Debacle Is Good News To Apartment Owners?
Recently you can't turn on the news or pick up the newspaper, without hearing about the issues with sub-prime lending to homeowners. Basically, the "stated income", nomoney down loan boom is over. Freddie Mac has tighten the rules regarding these types of loans.So what does this mean?
More people are losing their homes to foreclosure. More than 1 million homes faced foreclosure in 2006...that is almost double from 2005.
As an apartment owner or future apartment owner, this is good news for you. Apartment owners can expect lower vacancies and higher demands for apartments, especially in areas that are seeing large volumes of foreclosures. Also, apartment owners will have to offer less incentives to have tenants move in, as well as keeping current tenants.
Now is the time to buy an apartment complex. Do you need help in buying an apartment? Go here to learn more...
- The Ellis Island of The Midwest Needs Help
The Mullanphy Emigrant Home was built in 1867 (which is 25 years before Ellis Island was opened for immigrants). The purpose of the home was to provide temporary housing and other services for immigrants arriving to St. Louis. This home helped the scores of immigrants that became apart of the legacy that built the gateway to the Midwest.After years of neglect, abandonment and bad weather, the building is on the brink of collapse, which will be the end of an important piece of history. But local activists and preservationist are trying to keep that from happening.To learn more and how to contribut to their cause, visit... - St. Louis Properties to Receive Missouri State Tax Credits
The state of Missouri offers Brownfield tax credits. Brownfield properties are abandoned commercial or industrial p
