Archive for January, 2010
Jan
31
Can u take out two mortgage on the same commercial property in order to purchase it?
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Wanting to purchase some commercial property for a large amount. I was thinking if I could take out two mortgages at the same time against it in order to have enough for the down payment of that property
Quick Property Sale
Jan
30
Where can I find a list of Commercial Properties for rent or lease in RI?
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I need to advertise for a commercial property for rent. The sign on the street isn’t working. Where do I advertise for it? Websites or publications. Any help would be greatly appreciated.
Sell and Rent Back
Jan
29
In a Commercial storefront lease, what exactly does $21 NNN a square foot?
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I know that the price is a square foot and you divide that by 12 to get monthly price. My question is: does that $21 NNN mean that the NNN is included in the price, or is it usually plus the $21?
Repossession
Jan
29
The site is 4 leasehold, residential self contained flats over a shop used by a hand car wash business, in west London UK. The lease stipulates that the service charges and periodic external repairs to walls roof etc, must not include the shop/commercial part of the property but does not specify a percentage. What is the correct percentage?
Sell and Rent Back
Jan
28
What may be a reasonable interest in a 30 year commercial mortgage ? ?
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What may be a reasonable interest in a 30 year commercial mortgage ? I”ve been offered an initial 3 year fix interest of 7.5 with a 20 % down , Does it sound right?.Can somebody explain how it works please?
Quick Property Sale
Jan
27
what is the difference witween a mortgage broker and a commercial loan broker?
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Jan
27
I have a 1 year lease on a apartment in Naperville.I My job downsized and I’ve been looking for work. I have a potential job offer scheduled to start for 6-19-06. However, my car’s in the shop and its not looking good financially or even if its repairable. I’ve checked to see if there is pace transportation there but there’s not. My rent was due by the 3rd of June,today is the 10th of June. I know the office is going to start precedings if I don’t get the rent in there asap and I will also have to pay court costs.I have not let the office know anything about my situation yet cause the car went out in the past 24 hrs.I know they have their rules. But I can’t get to work,cause of the car.Does anybody know how long I have before the sheriff will come to my door?Is there a place I can move to like a studio/1 bedroom while I get on my feet?If I try to find an apt no ones going to rent to me cause they think I’m not business worthy,but I am.Please respond especially apartment managers.Thanks
Repossession
Jan
26
Landlord allowed bank to foreclose on the building we were tenants in. The building went to auction, but there were no bidders. The bank became the owners. As tenants, what happens to our lease? What are our rights/options? It’s commercial real estate in Texas. Thanks so much for any help.
So are tenants month-to-month? Are the leases void? What if the bank doesn’t offer a new, reasonable lease? Thanks.
Quick Property Sale
Jan
25
Real Estate Sales – Sale Listings of Cheap Real Estate
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Real Estate world has always known for its return of successful investments. While many people have made substantial amounts of money in every aspect of real estate, commercial real estate is where the money is today. In the current real estate market, the people who are making the big money in real estate own commercial buildings. What does commercial real estate have to offer an investor?
Real Estate Sale Listings – Residential or Commercial
We can start by considerig the fact about the big difference between commercial buildings and homes. When you lease out a commercial building you can expect to get several thousand dollars per month in rent. When you lease out a home, you might get one or two thousand dollars at the most. This means that you will get a vastly higher amount of cash flow from a commercial property.Another advantage of commercial property is that the firm or company always maintain the property well, as they lease for long period of time.
Now chek if you want to sell your home. A couple of basic facts from this: First, make sure to factor in all costs of a transaction. Second, understand the difference between the aggregate home value and the equity you have invested in the home, which is what impacts your true economic return. Third, appreciate the impact sales-related costs can have on your return. While a $6,000 commission difference seems relatively insignificant in the context of a $650,000 home sale, it is very significant in relation to the equity investment in your home, which is the basis of determining your return on your home investment.
Find Cheap Real Estate for Sale Here – Residential or Commercial
Quick Property Sale
Jan
24
Commercial Mortgage Loan
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A commercial mortgage loan, as the name suggests is taken for bettering commercial gains. Such a loan has a wide variety of uses ranging from business expansion to buying of commercial properties or even for starting a business.
Commercial mortgage loans are a great help for all businessmen, especially those who are in the phase of business expansion or even starting out afresh. Business mortgage loans are also availed by those who don’t have enough finances to buy a new property or indulge in new developmental & constructional activities. With such a type of commercial mortgage finance you can buy business complexes, retail outlets, office buildings, etc.
For availing such a loan usually the property you are buying is kept as collateral till the repayment of the loan amount. In such cases the credit value or the equity of your commercial property is of more importance than your own credit record.
Apart from the fact that foreclosure of property is a fact that looms large over business mortgage loan, there are many advantages to such a loan. The interest rate charged here is low and mostly accompanies flexible repayment options. Before you take a loan, plan out the details as to why the loan is required or what development or repair or improvement work is to be done. Such details will be required for sanctioning the business mortgages loan.
The size and repayment details of your commercial mortgage loan will largely depend upon the size of your firm and the proportion of money required.
We feature here certain advantages and disadvantages of a commercial mortgages loan:
The interest payment on such a loan is tax-deductible. The repayments can be made with pre-tax a fund, which gives you a tax break.
In a business mortgage refinance you can retain hold of full ownership of the property. Rules state that the lender can claim an interest return only on the mortgage and not on the percentage of the ownership.
With flexible repayment schedules you can easily manage your finances efficiently and plan them accordingly.
One can maintain a smooth cash flow with a well planned commercial mortgage financing. Lower up-front payments help make the capital accessible.
The biggest disadvantage of a commercial property loans is the foreclosure of the property in case of non-payment
Default penalties are also applicable in case of missing a payment or bankruptcy
Most commercial mortgage lenders look for the Loan-To-Value Ratio apart from the credit score. A broker for a commercial loan mortgage will also assess your financial condition and the equity of the property. Some lenders ask for a down payment of 20 percent of the purchase price. Commercial real estate loans have varying tenures with averages from about 10 – 30.
The availability of hundreds of commercial mortgage loan online and also in traditional forms adds to the complexity of finding a proper commercial mortgage rate as well as a broker / advisor who can take you through the process smoothly and guide you to obtain a commercial mortgage loan. One must therefore exercise caution in finding the perfect commercial mortgage.
Sell and Rent Back
