No question is more important when buying commercial real estate
than: “How much does it cost?” But the question is even more meaningful
if you also have a good idea of how much the property is worth. Putting a
value on commercial real estate is part science and part art, but
thankfully there are several valuation methods at your disposal.
Whether you plan to operate your business out of the property, use it
to generate rental income, or fix and flip it, knowing the right amount
to pay can make all the difference between a profitable and losing
transaction.
Monday, June 10, 2019
How Much Does It Cost?
No question is more important when buying commercial real estate
than: “How much does it cost?” But the question is even more meaningful
if you also have a good idea of how much the property is worth. Putting a
value on commercial real estate is part science and part art, but
thankfully there are several valuation methods at your disposal.
Whether you plan to operate your business out of the property, use it to generate rental income, or fix and flip it, knowing the right amount to pay can make all the difference between a profitable and losing transaction.
Whether you plan to operate your business out of the property, use it to generate rental income, or fix and flip it, knowing the right amount to pay can make all the difference between a profitable and losing transaction.
Evaluating Real Estate
Commercial real estate is a highly competitive sector where great
fortunes can be made or lost. Evaluating a commercial property requires a
high level of detail and an ability to pay attention to both tangible
and intangible factors. The profitability of the space can be assessed
by looking at the potential revenue and costs for the first year.
However, you’ll also want to look at the neighborhood, the space’s
visibility, and the site’s zoning status.
Evaluating Commercial Property
Commercial real estate is a highly competitive sector where great
fortunes can be made or lost. Evaluating a commercial property requires a
high level of detail and an ability to pay attention to both tangible
and intangible factors. The profitability of the space can be assessed
by looking at the potential revenue and costs for the first year.
However, you’ll also want to look at the neighborhood, the space’s
visibility, and the site’s zoning status.
Saturday, April 27, 2019
Commercial Real Estate Financing
As we hear stories
about the improving economic condition in the national real estate
markets, those of us that are “on the front line” ask some questions.
Where is the “boom area?”. “where are the buyers coming from?”, and
“what seems to be appealing to buyers, along with the lenders?”. Good
questions, all…and even the Wall Street Journal does not have the
answers.
But, it does seem
to be happening if the response we are getting for commercial real
estate financing is any measure of what is going on in the nation as a
whole. In the past 30 days, I have had serious inquiries, and in some
cases, presented projects for funding to investors, that does show an
increase in the commercial real estate activity. Buyers are out there,
and they have cash for down payments, and they are looking at various
commercial properties. We have tried to be responsive and the results
are lower interest rates across the board and both numerous loan and
term options.
If you are in need
of financing for one of your commercial projects, or a single
commercial real estate entity, send me an e-mail and I will get you a
quote. We are very competitive with mobile home parks, hotels,
warehousing, shopping centers, and commercial office projects. The
“bigger the better” as far as our lenders-investors are concerned, up to
$500 million. We will look at projects throughout the nation and
Canada, and some limited European projects
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