Posts Tagged 'Commercial'

Commercial real estate in the United States of America could be on the verge of recovery, according to a Deloitte report.

View full post on API Australian Property News

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rondegiusti.wordpress.com Real Estate Brokers and Agents need iPads.

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Introduction to www.thepowertobefree.com Michigan Based Commercial Real Estate Investment Club. Darrick Scruggs – one of the founders of The Power To Be Free , the real estate investor with over 10 years of experience in investing in SFH and apartment buildings gives a brief introduction about himself and the club

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www.opportunitycreator.com Private Money Webinar With Alan Cowgill webinar.

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Commercial real estate investment education in Phoenix AZ Arizona by Victor Allison PRAEDIUM Advisors www.praedium-advisors.com

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Real estate agents are professionals with skills like being convincing and effective communicators, an eagle’s eye for spotting good property and evaluating market trends and requirements in Real estate. This does not require one to have specific degrees. It is a knack one needs to possess and grow with experience and knowledge. Since this field is highly competitive, it might not be possible to learn from an expert. One can enroll in any local realtors’ association which has regular meetings. Such informal gatherings have discussions and talks on various topics related to real Real estate Making quick notes and following such meetings regularly will give access to useful information. Start with investing in printing attractive business cards and letterheads. Any communication should be done using them. Always carry and hand out cards to people not being too bothered about the venue. Without any notice, one may find a prospective client right in front. Ensure that your name is prominently listed in the telephone directory. An advertisement placed in yellow pages could catch the attention of a prospective client. Subscribe to local newspapers and magazines. This will get you updated on all information pertaining to buying or selling property. Attend local fares of housing event. This is a good platform for handing out cards, developing a rapport with developers and getting prospective deals. One must start maintaining and updating database using computers of all the properties available for business and also on the clients. In case of doubt or need for advice, one must not hesitate to approach experts in the field of Real estate consultation.

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Algenon Cash describes how the process of securitization has enabled the secondary market to become the dominant source of capital for permanent mortgages. This session provides information on the traditional structure of a CMBS loan and a breakdown of “in the box” properties that will qualify for a CMBS loan.

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Algenon Cash describes how the process of securitization has enabled the secondary market to become the dominant source of capital for permanent mortgages. This session provides a detailed definition of CMBS and gives information on how the bonds are rated.

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www.yellowpages.com.au Stower Electrical located in Ashgrove is an excellent choice if you are looking for commercial air conditioning or air conditioning repair. To learn more call (07) 3366 4693, visit us at, Ashgrove, QLD, 4060 or check the url above.

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You’re searching for commercial real estate financing – what’s the best approach to take in contacting lenders?

The loan amount and terms you’ll obtain will vary greatly, depending on different property characteristics.

When you contact the commercial lender, try to have as much of the following information as possible available:

1)      The sales price or estimated value of the property

2)      The loan amount desired

3)      The property type, including approximate age of the improvements, square footage, lot size, and in the case of apartment buildings, the number, size, and types of apartments, who pays utilities, and what the parking arrangements are.  In the case of commercial properties, the tenancy, and when leases expire.  If the building is occupied by, or being purchased by an “owner user” type of business/borrower, try to find out what the same space would rent for on the open market.

4)      The income, and what expenses the owner pays. 

5)      The borrower’s credit, overall financial situation, and other properties owned. 

Lenders are interested in how much other property your borrower owns, and what, if any, experience your borrower has in managing the type of property being purchased.

6)      If the property is owned by an LLC, Corporation, or other entity, be ready to

provide basic information about the financial standing of that entity, as well

7)      If possible, try to find out what properties are adjacent to the subject property.  This can be helpful in identifying possible environmental concerns.  (Relating to chemical seepage from adjacent properties.)

With this information, the lender can indicate if the loan request fits their lending criteria, and if so, what other information is required.  In many cases, the loan officer will prefer to drive by the property before any more information is gathered, and sometimes before loan terms are even quoted. 

Want to get the commercial loan officer on your side right from the start?  Of course! 

Try this:  Take some digital photographs of the front, rear (if possible) and sides of the building.  Then, take a photo of what’s on either side of, across the street from, and in back of the building.  Type up a brief two page narrative description of the property and your loan request.  This gives the loan officer a simple description of the property, the  borrowers situation, and the need for financing.  You can even provide rent rolls on apartments and information about leases and expiration dates on commercial buildings. 

E-mail this information to the lender, requesting a response.  Providing this information

Not only will the lender see that you know what you’re doing, you’ll get a faster, more accurate response to your request.

As you work repeatedly with the same lenders, you’ll learn what type of information they  require to consider a loan request.  Building relationships with your commercial lenders will be a great help in closing commercial loans.  You’ll find that many commercial loan officers have a significant say in the final approval of your loan request. 

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