Commercial Mortgage Insider BlogThe commercial mortgage insider blog provides a glimpse into the world of small commercial mortgages. Keep up to date with the market and get tips and strategies you can implement for owner occupied and investment commercial properties. May 24, 2010, Defaults on Apartment Loans RisingAlthough defaults on Apartment Building loans are rising, K2 Commercial Finance has lenders ready to make apartment building loans. Sep 21, 2009, SBA Stimulus PackageEarlier this year, the Small Business Administration set aside $375 million to temporarily eliminate loan fees and increase the agency's loan guarantee to 90 percent for certain loans. The moves were part of the American Recovery and Reinvestment Act (ARRA), which was signed into law by President Obama in mid-February. Jun 18, 2009, 7 Reasons to buy Owner Occupied Commercial Real Estate in 2009This article offers 7 compelling reasons why the second half of 2009 offers a great opportunity for businesses to purchase property and stor paying rent. Jun 5, 2009, Commercial Mortgage, Hard Money Loans, Real Estate LoansGet Fast Commercial Mortgages on all property types. Every Commercial Mortgage project is a challenge. Low mortgage rates and rapid approvals are our specialty. Permalink -- click for full blog post "Commercial Mortgage, Hard Money Loans, Real Estate Loans" May 21, 2009, Despite Economy, CRE Portfolios Performing Adequately for BanksRecession is Driving Down Property Values, But Cash Flows Providing Cushion for Loan Values For all of the dread concerning a widespread crash in the commercial real estate markets that has been put into words in the first quarter of 2009, the nation's largest banks seem relatively unruffled coming out of the quarter. May 20, 2009, Investors savor higher cap rates and a lack of competition.In the midst of falling property values and stagnant investment sales, Macquarie DDR Trust put a portfolio of 52 shopping centers worth a book value of $1.9 billion on the market in April. The venture's decision immediately sparked heated discussion throughout the commercial real estate industry: Why put these assets on the market when valuations are so depressed? And perhaps more importantly, will they actually trade? May 14, 2009, Commercial Loans Still AvailableI am frustrated by the calls I get where business owners lament that there is no financing available to purchase commercial property. It's simply not true. In fact, my one man commercial mortgage brokerage has closed 3 transactions this month alone. In reality the number of completed commercial loan transactions is down significantly from last year as is the dollar value of commercial loan closings. The key point is that there are still lenders aggressively seeking loans. The sweet spot at the moment is owner occupied property where a business owner purchases or refinances the property from which they operate their business. I can secure upwards of 90% financing for these properties using government backed loan programs. I know the process and which lenders are actively closing transactions in specific regions and for specific property types. Commercial lending is down but lending for your specific project is likely still available...if you know where to look and how to navigate the waters of government backed (SBA-USDA-FHA) loan programs. Call or email Ken Kaplan 215-230-1885 to discuss your loan scenario at no cost or obligation. May 4, 2009, SBA has Eliminated Fees!Thenks to the recently passed stimulus bill, all fees associated with SBA loans have been temporarily waived! That is a substantial savings for our borrowers. This measure is only going to last until the money allocated for the waived fees is used up, so give us a call and let us help you get your piece of the stimulus pie! May 3, 2009, SBA Stimulus plans have lenders active againElimination of fees and increased SBA Guaranty has lenders increasing activity. But the real story is the entreprenuer. Quality deals have lenders excited about making loans. Apr 29, 2009, Commercial Real Estate ComebackHarvey Green, of Marcus & Millichap Real Estate Investment Services, and Nicholas Schorsch, of American Realty Capital, discuss commercial real estate. If you have an investment horizon of 3 to 5 years this market presents some great purchse opportunities. There are a lot of great properties with distressed sellers...financing is available and now may be a great time to act. Apr 25, 2009, Commercial real estate business may look different in the futureFor the past two hundred years, fortunes have been made and lost in the commercial real estate business in the United States. Once again, as in previous real estate cycles, the markets will adjust and will turn around. Opportunities will abound and the new "Commercial Real Estate Business" will begin. Apr 24, 2009, List of Banks who Took TARP FundsThis is a list of banks who took TARP Funds, including the amount of money they took and plotting them on a Google map. Interesting. Glad my lenders are'nt amoung those listed! Apr 23, 2009, Commercial Real Estate – 7 Compelling Reasons Business Owners Should Buy CommercArticle discusses why the second half of 2009 is a great time for business owners to consider purchasing commercial property from which to opwrate their business. Apr 23, 2009, Retail Space Availability Reaches All-Time HighThe nation's retail market posted negative quarterly net absorption for the first time, along with the highest vacancy and availability rates, since CoStar Group began tracking retail trends in 2000, according to the Bethesda, MD-based company's first-quarter 2009 retail review and forecast. As more space hits the market, rents are declining and property values are dropping. This creates opportunities for small business owners to purchase property from which to run their business at outstanding historical values. Apr 23, 2009, Lender’s Reporting Higher SBA Loan VolumeThis is our third monthly survey. Positive trends in lending are clearly seen. The charts included in this report appear to show that a “bottom” has been hit and a recovery may be just around the corner. It is safe to say that the SBA Stimulus “ARRA” is working! The second fiscal quarter should continue to build a strong bottom and, in turn, allow for strong loan growth in the second half of this year. Apr 23, 2009, 2009 Real Estate Investment OutlookMarcus & Millichap 2009 Real Estate Investment Outlook Excellent Analysis - check it out! Apr 16, 2009, Small Retail Property Rent Drops Steeper than Larger Property DeclinesApr 14, 2009 - CRE News Asking rents at small retail properties fell a whopping 3.4 percent in the first quarter to a national average of $17.85/sf, according to Boxwood Means Inc. Rents are now down 9.3 percent from a year ago. The first-quarter decline is the greatest since at least 2006 and a clear indication that properties with less than 50,000 square feet are struggling much more than larger retail facilities, according to the Stamford, Conn., research firm. The properties covered, which range from strip centers to stand-alone shops, are each under 50,000 sf and average 13,500 sf. Shopping malls, meanwhile saw a 1.2 percent decline, to $39/99/sf, in their asking rents during the first quarter, according to Reis Inc., while shopping centers saw a 60 basis point drop to $19.04/sf. While the performance of larger shopping centers and malls has been hurt by downsizing among national retail tenants, smaller retail properties typically lease to local retailers. Those tenants are less well-capitalized and even more likely to scale back or close shop during economic downturns, said Randy Fuchs, principal of Boxwood. Owners of small properties are also less well-capitalized than their larger property counterparts. The retail properties covered by the Boxwood research typically trade hands for less than $10 million. Within the small retail sector, street properties, often tenanted by the sellers of higher-priced, specialty goods and services have suffered the largest rent drop. Their average asking rent of $17.85/sf dropped 3.7 percent in the first quarter and is down 10.2 percent from a year ago. Shopping centers' average asking rent of $16.36/sf was down 2.9 percent for the quarter and 8.6 percent for the year. Fuchs noted that small retail property performance typically tracks the performance of local housing markets. Florida, which has among the weakest housing markets, is also home to some of the worst-performing small retail markets. Fort Meyers recorded the steepest quarterly drop in street retail rents at 12.7 percent, while the Melbourne/Palm Bay and Sarasota markets recorded the sharpest shopping center rental declines at 7.2 percent and 6 percent, respectively. Source: Commercial Real Estate Direct http://www.crenews.com/ Apr 1, 2009, Asset Based LoansAsset Based Loans are secured by a company's accounts receivable, inventory, equipment, and real estate. Click here for more information. Permalink -- click for full blog post "Asset Based Loans" Apr 1, 2009, USDA Business and Industry LoansUSDA Business and Industry Loans are available to help pruchase or refinace a wide range of property types in rural areas. Click here for more information. Permalink -- click for full blog post "USDA Business and Industry Loans" Mar 19, 2009, SBA Loan Programs - Major News
WASHINGTON – March 19, 2009 “SBA this week is implementing two key provisions laid out in the Recovery Act – we are temporarily eliminating certain loan fees and raising guarantees on some 7(a) loans up to 90 percent. With these critical steps by SBA, and the Treasury Department’s commitment of up to $15 billion aimed at getting lending markets flowing again, we are standing up with small business owners across this country and telling them how we are going to put much-needed capital in their hands. Now is a great time to purchase owner occupied real estate! Rates are at historic lows, fees are reduced and prices are historically low! Contact Ken Kaplan -www.k2cfinance.com -215-230-1885 to learn exactly how to tap into the recently modified SBA loan programs.
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