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A trillion dollar commercial real estate crisis will begin to unfold in 2010, when short term loans must be refinanced, yet commercial property values have plummeted.
As many as 500 regional banks may fail as commercial loans default, and the FDIC only has 10 billion left to cover insolvent banks. Compounding this Deuthsche Bank forecasts that 48% of home mortgages will owe more than the home is worth by the end of 2011.
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Popularly known as Electronic City, Gurgaon is a beautiful place where crime rate is very low. People who have purchased properties in gurgaon are very lucky as prices are raised incredibly and rents are increasing day by day too. Either personal uses or business purposes, properties of gurgaon is sought after in both situations among people.
Individuals can get sundry information with the presence of internet apropos to properties in Gurgaon such as Structural Design, Sanction of Building Plan, Construction work with Material, Completion Certificate of Building, No Objection Certificate, et cetera.
Apart from above mentioned services, one can also get innumerable information such as construction services that include Sell/Buy/Rent of Farmland/Farmhouses, Residential Properties, Commercial Properties, BPO/Call Centres, Plots in HUDA Sectors and Flats.
There are a number of reasons for property of gurgaon has become sought after such as special economic zone (SEZ), Expressway to Jaipur, Metro Rail connection to Delhi, et cetera. It is also expected that 8 SEZs will be set up in near future.
Due to presence of a number of malls and some under construction malls, the people of Gurgaon have seen diverse business from retail to commercial. Apart from corporate buildings, there are a number of commercial centers that include InfoCity, Pace City, IMT Manesar and Udyog Vihar, which make Gurgaon commercial hub of India.
Besides high rated projects, there are a number of projects that are available for middle class segment. Some popular developers designed some projects keeping in mind requirements of middle class community at lower prices.
Popularly known as a hub of corporate offices, Golf Course is very famous for having some renowned buildings for instance Global Foyer, Vatika Tower, Vipul Tech and so on. Some renowned developers also developed office spaces in Sohna Road.
Due to presence of sundry industries and multi national companies, there is higher property rate in Gurgaon compared to other cities in India. Nowadays, Gurgaon Real Estate has become first choice among corporate houses and firms. It is expected that the prices of properties in Gurgaon is going to be raised so investment is safe and secure here.
Martinez Collins has been associated with Real Estate. Having good experience in real estate India, her advice is very helpful for investment in real estate India and basically her in depth knowledge about real estate development.
The boom in the Hyderabad real estate sector has still not been able to satisfy the growing demand from corporate looking for ready-to-occupy properties. IT and ITes are continuing to drive the market. IT professionals are vying to buy an apartment in Hyderabad.
Moreover, it’s the commercial market which is driving the residential property segment in the city. Hyderabad real estate developers feel that, in next few years BPOs and call centers, software offices and back offices of financial institutions will occupy the maximum space. Property consultants expect the upward trend in prices to continue, even as the State Government frees up land in different parts of the city and the outskirts. Land availability will facilitate the creation of corporate office space.
In Jubilli Hills, central business district of Hyderabad, capital prices of plot range from Rs 80,000 to 2 lakh per sq ft. Retail property in CBDs is around Rs 3,500- Rs 10,000 per sq ft. Multiplex are the trendy and upcoming way of commercial activities ranges from Rs 10,000 per sq ft and goes above. The rental value in this area is Rs 30,000-60,000 per month which is high in comparison to other commercial localities.
Many new commercial projects are on the cards by big national developers. Raheja group has acquired 100 acres in Gundla, Pochampalli, Delhi based DLF has acquired 3 million sq ft land for commercial activities, Godrej Properties will be setting up an IT Park on 34 acres of land at Pattancheru, Parsvanath has a mall-cum- multiplex, and a hotel project coming up in the city, Ramkey group is venturing into commercial development in the city.
Hyderabad properties are fast becoming the preferred choice for investors. The city not only provides quality infrastructure for property investments but also has more than 40 SEZs, approximately 1100 Software IT Parks and campuses, an international airport. Mall culture, new airport and subsidy in stamp duty and registration charges of property are other key factors of high rise in the value of Real Estate in Hyderabad.
George Gonigal provides you the best and latest information on Bangalore Real Estate Developers, If you want to Buy Apartments in Hyderabad, he suggests you log on to magicbricks.com
I’m a college student in Hawaii who wants to become a commercial real estate broker.. I don;t know if i should stay in honolulu or head back to the mainland where i am from.. Would I find it easier to break into the business in a major city in California? With a college degree in finance and a desire to succede what are my chances for success in this industry? Also what are some other careers in commercial real estate?
Thanks
With increasing real estate costs, and strong competition for skillful labor in major centres, BPO (Business Process Outsourcing) firms are looking at smaller cities as locales for setting up their new operations.
As the BPO industry has registered $8.4 billion worth exports in FY 2006-07, up 35% from the previous year, this is indeed a carnival for small cities like Jaipur. Going further, BPO major Genpact has already established a huge facility in the city and firms like Infosys and Wipro have also articulated their interest in instituting their offices in Jaipur.
The appeal
The principal advantage with Jaipur properties is that of “cost”. As commercial property prices in Jaipur are far less in comparison with cities like Delhi, Bangalore and Mumbai, a business organization can significantly cut down on its operating cost.
Also the city offers good connectivity via roads, railways and air. Furthermore the availability of land is not a problem in Jaipur, and unlike the big cities, a firm can get hold of large chunks of land in the prime locations to set up their offices and development facilities.
BPO brigade – a boom
Both local and international industry biggies have netted BPO facilities in comparatively in smaller cities all over the country in the past few months, such as Mangalore, Jaipur, Coimbatore and Vishakapatnam.
Apart from 15% cost advantage, tier II cities have an unexploited real estate market, which means lower direct costs, and availability of cheaper local labor, says industry experts.
While roads may be less congested in tier II cities, other types of infrastructure may be lacking. But despite the disadvantages small cities like Jaipur may have professionals from the real estate industry believes that the commercial properties in Jaipur are likely to undergo a boom time as more and more business houses plan to set their base in the pink city.¨
For more details on Jaipur Property, log on to magicbricks.com
George Gonigal provides you the best and latest information on Buy Properties in India , if you want to Real Estate News India. he suggest you log on to magicbricks.com
www.lendinguniverse.com Commercial Lending Loans in Nevada Our economy depends on hard money and commercial mortgage financing, money loans, combine with hard money commercial loans, commercial mortgage calculator, private mortgage, bank loans. Fix and flip loans www.youtube.com fix and flip also known as national fix and flip can be done with the help of flipping propertiesProperty under Construction or Residential property. In case you need a fix and flip funding Contact private Investors for best results on flipping properti Hard money commercial loans www.lendinguniverse.com The information that follows will assist you in considering the seven essential elements of a loan transaction which you should understand before funding a loan or purchasing a promissory note. Just read on! Knowledge, experience, and integrity of the MLB through whom the transaction may be made or ar¬ranged. Before placing your trust and money with an MLB, you would be wise to call: (1) the Department of Real Estate: (DRE) to determine: if the: MLB and his or her loan representatives are properly licensed, how long each has been licensed, and whether any of the licenses have been disciplined; and (2) the lo-cal Better Business Bureau to ask if any complaints have been lodged. Ask the MLB to provide a professional profile for your review and information as to the approximate number and percentage of loans, if any, negotiated by the MLB which resulted in foreclosure (commenced and/or concluded …
Know what you have.
Commercial real estate in some respects is not too different from residential real estate when speaking with owners of properties. In their hearts and minds their property is far better and far more valuable than that of their competition. Once you detach yourself from the emotional aspect, you can objectively look at the property.
You can list property types into two general groupings. Group A-standard commerical or general property types and Group B – Special purpose or use property types.
Standard or general use refers to any property that has a multi-use capability associated with it. The property can be used for nearly all commercial purposes and can easily accommodate a multitude of business types with little or no modifications. This type of property has a higher resale demand and has a shorter marketing time.
Special use refers to property types that have very limit use capability and have a very limited market to which reduces the demand and greatly increases the marketing time. Additionally, conversion costs can often times be greater than the value of the property in its current use.
Examples of each type:
Standard or General:
Warehouse
Office/Office Condo/Office – warehouse
Mixed use w/office or residential
Light manufacturing, Light Industrial
Medical and Dental offices
Retail/strip malls
Multi – Family (5+ units)
Mini-Mart
Single Tenant Properties
Special Use/Special Purpose:
Automotive Service/Repair
Assisted Living Facilities
Hospitals
Grocery/Markets
Single Tenant Properties
Mini-storage / Self-storage
Car Wash (Self -serve/Coin Op or Full Serve)
Funeral Homes
Restaurants
Hospitality (motel/hotel)
Bowling Alleys
Sport Arenas
Properties w/excess land
Churches
Educational Centers/Day Care
Board and Care Facilities
RV Parks
Mobil Home Parks
Heavy Industrial/Heavy Manufacturing
Golf Courses
Underwriting and risk pricing differences
The more common (general) the type of property and use, the better the financing and the more lenient the underwriting is to make these properties more attractive for investors and owners.
On the the other hand, the more off beat and further from the ‘bulls eye’ the tougher the underwriting and the more expensive the financing will be.
IMPROVING YOUR ODDS–KEY POINTS
Borrowers with strong credit and healthy balance sheets that include high net worth are easiest to close.–Helping yourself or your client to look better on paper is first and foremost (must be verifiable).
Having more than the minimum downpayment or equity postion in the property
Having liquid reserves equal to or greater than the loan amount
Strong long term tenants with long term leases
Having regionally or nationally credit rated tenants
If tenant is not credit rated, be ready to have tenant supply their financials to prove to lender tenant is financially healthy and can afford to rent your property.
If seeking cash out–keep amount reasonable and be prepared to identify in detail how the cash is going to be utilized and improve the borrower’s position
Seek financing within your means
At CFR Mortgage Group, Inc. we have extensive knowledge in dealing with getting loans closed on all property types. You can call us at 714-731-5282, email us at: cfrgroup@att.net or visit our web site: www.mycommerciallendingpro.com for more on lending programs and products.
Gregg Cochran is the SVP Wholesale Commercial Lending Unit of CFR Mortgage Group, Inc. in Southern California. CFR Lends in 44 states and has been in business since 1979. Mr. Cochran has been with the company since 1992. Mr. Cochran can be reached at 714-731-5282 or via email at cfrgroup@att.net