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
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
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
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
20
Commercial Mortgage Credit Crisis – Hold on
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If you are in the commercial mortgage industry you’ve got to read to MBA’s recent report on delinquency rates as it will be the best news you’ve had in weeks. Of significance here is that our side of the business is holding its own, and is still performing.
Despite all of the press and hype. And despite an overall weak economy. 2007 was the best year on record for delinquency rates and we have only tick up slightly as of September 2008. All in all, commercial mortgage delinquency rates are still at historic LOWS.
For example the overall delinquency rate on the CMBS market is now at .53%, which is an increase of only .05% from the first quarter of 08. Life insurance portfolios are at delinquency rates of only .03%… Don’t believe me? Read the report. Fannie Mae is at .11%. Freddie Mac is at .03%.
Here’s a snippet: “To put these numbers in context, of 35,276 commercial/multifamily loans in life company portfolios, with a total unpaid principal balance of $252 billion, only 23 loans with an aggregate UPB of less than $69 million were 60+ days delinquent at the end of the quarter. Of $1.2 trillion of commercial/multifamily mortgages at FDIC-insured banks and thrifts, only $15 billion was 90+ days delinquent.” http://www.mortgagebankers.org/NewsandMedia/PressCenter/64870.htm
At the end of the day, when we get some stabilization the investors on the secondary market will take a look around, with some objectivity, and be shocked at how well this segment of the industry actually stood up to the pressures of Wall Street and the sliding economy in general. Perhaps they will even gather that this is a solid investment and one that was been tested and proven.
Obviously, the issues are systematic and complex (and we’re not out of the woods yet) but if it makes you feel any better, at least we can sit here and proudly think that we’re not the root of the problem or really even a contributor of it. And we can sit here and think that maybe the creators of the CMBS and Conduit markets weren’t crazy.
Rent Back Fast
Jan
18
The Uniform Commercial Code, Article 2, governs:?
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The Uniform Commercial Code, Article 2, governs:
A. Sale of goods
B. Real property
C. Services
D. All of the above
E. None of the above
Real Estate Professionals
Jan
15
We would like to buy a small holiday park in the UK. What kind of mortgage should we be approaching the bank for? We’re not sure if it should be buy to let, a commercial mortgage or a business mortgage. Any suggestions would be welcome. Thanks
Quick Property Sale
Jan
14
looking for a building to lease for a detail shop in racine, wisconsin where do i look?
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Jan
13
It is commonly held that IFAs can search the entire marketplace for the best products. However Royal Bank of Scotland private banking tell me their products (publicly advertised on their site) are not available to IFAs. Do IFAs know about these (potentially better products) or not? If a better product is available in the market but not to the IFA is it not a conflict of interest for the IFA to sell the customer an inferior product knowing there is a more suitable product they don’t earn any commission on?
Sell and Rent Back
Jan
12
Aiggig to Roll Out Real Estate Fund Via Pms Route
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Kolkata, Jan 14 AIG Global Investment Group (AIGGIG), which already has some exposure into the Indian real estate market, is rolling out India focussed real estate fund through the portfolio management service (PMS) platform within a next few months.
Saurabh Sonthalia, chief executive officer of AIG Global Asset Management Company (India) Pvt Ltd, said: “We have a team on ground to look into investments in real estate. The team has been investing in real estate projects in India for the last 14 months. We want to put it together and wrap into a fund in the next three-four months.”
Besides being one of the largest real estate developers across the world, AIG insures a wide range of Companies in the real estate industry including real estate investment trusts, fiduciaries and trusts, property management firms, real estate developers and commercial property owners.
“We plan to launch a few more products this year,” said Sonthalia. According to sources, the company, which managing assets to the tune of Rs 3,500 crore, plans to roll out schemes in sectors such as commodities.
AIGGIG has also filed offer document with the regulator for an offshore fund to invest in gold and precious metal mining firms. “The investment will primarily be in gold mining Companies. However, it will also invest in other precious metals,” he said.
The company has recently launched AIG Infrastructure and Economic Reform Fund, an open-ended equity scheme to invest in Companies, which will benefit from potential investments in infrastructure and economic reforms.
The fund will invest 80-100% in equity and equity-related securities and the rest in debt and money market instruments. The fund will remain fully invested up to 95% in equity and equity-related securities. It will have only 5% in short-term debt and money market instruments to meet short-term liquidity requirements of the scheme.
Quick House Sale
