Business is strong for commercial lenders across the Midwest. And fueling this business? Financing requests for the acquisition, construction and refinancing of the region’s hottest asset class, multifamily properties. Just look at the numbers for the commercial lenders in Berkadia, a finance company. Pete Benedetto, senior managing director with the Southfield said that before the...
The Right kind of Small Business Lenders: When looking for a loan, you can always start with a quick Google search or perhaps respond to ad or mailer you find intriguing. With a variety of small business lenders, whether or not you start with the right one could make a difference in the end. Ending...
A luxury apartment complex in Boston’s upscale South End neighborhood. Amazon’s midtown Manhattan headquarters and distribution center across from the Empire State Building. A thirty story class A office tower at 123 North Wacker Dr. in Chicago’s West Loop. What these commercial properties have in common is that all were financed within the past two...
7) Clickbait real estate – $235 million Home to Facebook and BuzzFeed, Orda Management’s 225 and 235 Park Avenue South was recently refinanced by Barclays for $430 million. Newmark Knight Frank’s Jordan Roeschlaub and a team represented Barclay’s on the deal. 8) Refinance harvest – $230 million French bank Credit Agricole, also referred to as...
Commercial real estate in Las Vegas is showing signs of improvement in the retail and office sector, with industrial running at full speed. Absorption holding up in the industrial market, as millions of square feet of space came online in the marketplace in 2017, a report by Colliers International Las Vegas showed. The commercial real...
Commercial real estate in the U.S. is at a turning point, with primary markets like New York, San Francisco, and Los Angeles showing signs of overheating—that’s according to online marketplace for real-estate investments RealtyMogul.com. This firm claims that it is normal in this phase of a commercial real-estate cycle, secondary and tertiary markets across the...
Fannie Mae, Freddie Mac and the Federal Housing Administration want to make it easier for owners of multifamily properties to make green improvements. The Government Sponsored Enterprises, or GSE, are providing property owners with economic incentives to make water- and energy-saving renovations. Interest in GSE green lending programs has increased dramatically since their inception some...
When looking for a loan, you can always start with a quick Google search or perhaps respond to ad or mailer you find intriguing. But could you be limiting your options? With a variety of small business lenders, whether or not you start with the right one could make a difference in the end. Ending...
What are Commercial Loans? Commercial loans are no different than any type of loan you’d consider for your business. Normally, they’re debt financing agreements between a financial entity and a business. They give you the funding you need to grow your business. And of course, you pay your commercial loan back in full over a...
Most commercial lender are terrified of commercial loans right now. Below are practical tips on finding the right commercial lender at a time when most commercial lenders would have have a root canal than actually fund a commercial loan. Commercial Lending Tightest it’s been in 25 Years Commercial real estate has already tumbled by 40%....
