Commercial Mortgage Insider Blog

May 24, Defaults on Apartment Loans Rising

Mon, 24 May 2010 12:11:00 GMT

Although defaults on Apartment Building loans are rising, K2 Commercial Finance has lenders ready to make apartment building loans.

Sep 21, SBA Stimulus Package

Mon, 21 Sep 2009 14:38:12 GMT

Earlier 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, 7 Reasons to buy Owner Occupied Commercial Real Estate in 2009

Thu, 18 Jun 2009 19:36:09 GMT

This 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, Commercial Mortgage, Hard Money Loans, Real Estate Loans

Fri, 05 Jun 2009 20:35:48 GMT

Get Fast Commercial Mortgages on all property types. Every Commercial Mortgage project is a challenge. Low mortgage rates and rapid approvals are our specialty.

May 21, Despite Economy, CRE Portfolios Performing Adequately for Banks

Thu, 21 May 2009 11:27:35 GMT

Recession 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, Investors savor higher cap rates and a lack of competition.

Wed, 20 May 2009 13:57:37 GMT

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, Commercial Loans Still Available

Thu, 14 May 2009 13:39:21 GMT

I 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, SBA has Eliminated Fees!

Mon, 04 May 2009 15:56:16 GMT

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, SBA Stimulus plans have lenders active again

Sun, 03 May 2009 15:55:07 GMT

Elimination 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, Commercial Real Estate Comeback

Wed, 29 Apr 2009 14:03:21 GMT

Harvey 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, Commercial real estate business may look different in the future

Sat, 25 Apr 2009 20:41:51 GMT

For 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, List of Banks who Took TARP Funds

Fri, 24 Apr 2009 16:15:13 GMT

This 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, Commercial Real Estate 7 Compelling Reasons Business Owners Should Buy Commerc

Thu, 23 Apr 2009 16:18:22 GMT

Article 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, Retail Space Availability Reaches All-Time High

Thu, 23 Apr 2009 12:15:02 GMT

The 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, Lenders Reporting Higher SBA Loan Volume

Thu, 23 Apr 2009 01:25:43 GMT

This 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 Real Estate Investment Outlook

Thu, 23 Apr 2009 01:08:44 GMT

Marcus & Millichap 2009 Real Estate Investment Outlook Excellent Analysis - check it out!

Apr 16, Small Retail Property Rent Drops Steeper than Larger Property Declines

Thu, 16 Apr 2009 14:23:42 GMT

Apr 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, Asset Based Loans

Wed, 01 Apr 2009 16:06:39 GMT

Asset Based Loans are secured by a company's accounts receivable, inventory, equipment, and real estate. Click here for more information.

Apr 1, USDA Business and Industry Loans

Wed, 01 Apr 2009 15:05:19 GMT

USDA 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.

Mar 19, SBA Loan Programs - Major News

Thu, 19 Mar 2009 16:05:32 GMT

WASHINGTON March 19, 2009
U.S. small businesses employ about half our nations workers and over the last decade have created about 70 percent of all new jobs. But their access to credit and lending markets has dried up, making it harder every day for small businesses to keep their doors open and their employees working. American small businesses are one of the strongest engines for economic prosperity in the world, and we cant let this crisis continue to undermine their growth and potential. Today President Obama reiterated his belief that we owe it to Americas small businesses to be the partner they need in the midst of this crisis. At SBA, we couldnt agree more. 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 Departments 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.

Mar 10, SBA Loan Programs - Funding is Back

Tue, 10 Mar 2009 19:26:28 GMT

SBA Loan Programs - where the Stimulus Package Meets Main Street. Now is a great time to buy commercial property for your business.

Mar 9, I Refuse to Participate

Mon, 09 Mar 2009 18:24:23 GMT

I refuse to participate in this Depression. You can too.

Mar 9, Get a Great Commercial Loan

Mon, 09 Mar 2009 15:42:16 GMT

Free Special Report shows exactly how to get a great commercial loan.

Mar 7, American Recovery and Reinvestment Act of 2009

Sat, 07 Mar 2009 19:03:59 GMT

American Recovery and Reinvestment Act of 2009 information and how it will impact SBA lending

Mar 5, Buying Distressed Commercial Debt

Thu, 05 Mar 2009 15:07:03 GMT

Buyer of distressed commercial debt seeking opportunities to purchase pools of non-performing and sub-performing commercial loans. Detail here.

Mar 5, SBA 7a Loans

Thu, 05 Mar 2009 14:42:33 GMT

SBA 7a Loans provide outstanding terms and rates for business owners. Click here for more information.

Mar 4, Economic Summary in Pictures

Wed, 04 Mar 2009 16:07:38 GMT

Outstanding Economic Summary for February 2009. Not very encouraging, but the carnage is also creating opportunities for commercial real estate investors. Check out this link.

Mar 4, 1031 Exchanges

Wed, 04 Mar 2009 14:59:50 GMT

What is a 1031 Exchange? Click here for a quick overview.

Mar 2, SBA 504 Loans, SBA 504 Loan Program

Mon, 02 Mar 2009 15:41:20 GMT

SBA 504 Loans are a great option for purchasing commercial real estate from which to run your business or practice. High loan to value with great rates.

Mar 2, SBA 504 Loan Parameters

Mon, 02 Mar 2009 14:18:07 GMT

SBA 504 loan parameters are presented in an easy to understand format. We make the SBA loan process easy.

Feb 28, Great Time to Buy Commercial Property?

Sat, 28 Feb 2009 20:07:13 GMT

The current unstable commercial real estate market has brought commercial property prices back into the good to excellent range. There is definately a buyers market in commercial property. Is it time to jump in and start buying? My gut says yes, if you are takling about owner occupied property and not yet for straight investment property. Why? Its not yet the best time for investment property because property values are still dropping, vacancy rates are going up and there is no ability to hold the line on lease values. Keep your powder dry and follow this blog to learn when signs of a market turn are occurring. BUT, If you currently lease commercial property to run a professional practice,retail store, funeral home, etc, you plan on being in business for at least the next 5 to 10 years, right? The total cost of ownership is likely to be lower if you buy your property than it will be to rent the property over the long term. Ownership has many benefits. Any and all tenant improvements are yours to keep, you can never lose your lease or be forced to vacate the property,you have more options when the time comes to sell your business if you own the property, you can shelter income and enjoy tax benefits of ownership. Best of all, you can purchse the property with as little as 10 cash into the transaction but enjoy 100 of any increase in the value of the property over the years. Owning your place of business is a great idea and now is a fine time to buy. I can get qualified borrowers fantastic rates using SBA and USDA loan products and you have the leverage to get great purchase prices. Call me to discuss further. 215-230-1885. Thanks, Ken