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Commercial Real Estate Loan – Have Smooth Access to Property

July 18, 2011 | Author admin

Commercial Real Estate Loan â Have Smooth Access to Property

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Home Page > Finance > Loans > Commercial Real Estate Loan â Have Smooth Access to Property

Commercial Real Estate Loan â Have Smooth Access to Property

Posted: Jul 30, 2007 |Comments: 0
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Are you in search of a suitable loan offer for buying a commercial property for advancing your business interests? Well, you can locate Commercial Real Estate Loan that is especially meant for enabling in purchasing property for commercial purposes. Commercial real estate loan play a crucial role in providing finance for any companyâs growth and expansion.

You can avail commercial real estate loans for any type of commercial property such as shopping centers, apartments, motels, hotels, automobile dealerships, office buildings or health care facilities, manufacturing facilities and so on. And even if you are not using the loan money for buying property, you are free to use it for refinancing existing debt.

Commercial real estate loan are categorized under short term and long term loans. Short term commercial real estate loan is avail mostly for running the business smoothly without facing any financial shortage. Such a loan is usually called as a bridging loan also. Long term commercial real estate loan are availed for larger repaying duration and typically last till the life of commercial real estate property.

For accessing commercial real estate loan you are required to pledge any commercial property as collateral. The loan amount depends on the value of the property. You can thus borrow any greater amount ranging up to millions of dollars for buying a commercial property. As far as the interest rate is concerned you can avail the loan at fixed rate for long term. You can repay the loan in 30 years.

Search internet well and you can locate lenders providing commercial real estate loans. But compare them for interest rates and terms-conditions before settling for one suitable lender. Go through the lenderâs conditions regarding the loan carefully.

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Tim Kelly –
About the Author:

Tim Kelly is an expert in finance having completed her LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. She is currently working with Commercialrealestate as a financial advisor. To find commercial real estate loan, commercial real estate loans, commercial real estate loan rate, commercial real estate loan major, commercial small real estate loan visit http://www.commercialrealestateloan.co.uk/

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Source: http://www.articlesbase.com/loans-articles/commercial-real-estate-loan-have-smooth-access-to-property-190122.html

Article Tags:
commercial real estate loan, commercial real estate loans, commercial real estate loan rate, commercial real estate loan major, commercial small real estate loan

Commercial Real Estate Property Investment

October 31, 2010 | Author admin

Commercial Real Estate Investing

Any investment involves the commitment of funds to investment alternative with an aim to generate income. Commercial real estate investment in India is involved in generating income through rental, lease or capital appreciation. Real estate refers to immovable property, such as land, and everything else that is permanently attached to it, such as buildings. When a person acquires a real estate property, s/he also acquires a set of rights, including possession, control and transfer rights.

Understanding commercial real estate investment is crucial because it usually involves a substantial investment and a long-term one. Moreover, the commercial real estate market can be unpredictable, as there might be lack of buyers at one place and there may be pool of buyers at another place. Investors have many alternatives of investment in commercial real estate.

One can opt for real estate investment with an aim to rent the property. The owner earns a continuous stream of rent, but is responsible for paying the mortgage, taxes and any costs associated with maintaining the property. The owner also benefits from capital appreciation over the period of time. With the aim of renting the land, owner runs the risk of not finding a tenant and could suffer negative monthly cash flows, with mortgage payments and maintenance expenses still to be borne. One with the aim to gain only capital appreciation over the time and then selling it again then investor should have strong patience. With such aim generally huge cash is locked at one place for a long period.

Rental properties in India can be purchased with borrowed funds. This means that you can purchase a rental property by putting down only a percentage of the total value. Essentially, you can control the whole property and the equity it holds while only paying a fraction of its total cost. Also, the property you purchase secures the debt rather than your other assets.

Although commercial property investment has higher returns than residential property, the risks associated are usually higher as well. The main risks involved in commercial property investment are:

Risks Involved in Commercial Property Investment

Capital intensive – commercial property can be very expensive, and hence depend on the quality of your investment. There is less room for diversification within the sector unless you have large amounts of capital at your disposal.

Tenant default – although the rental income from commercial property is high, there is always a risk that the tenant will default on the lease. This is increasingly becoming a problem, with many tenants defaulting on leases as they go out of business due to high level of competition. However, it is possible to regain the income stream by re-renting the property, but this can take time and can stop the flow of funds.

Low liquidity – the value of commercial property can be greatly affected if you need to sell quickly.

No definite value – because property prices are generally decided by the opinions of experts and not the pure market forces of supply and demand, the property has definite value. The only way to truly know what the property is worth is by selling it. This means prices can fluctuate fairly often, and this may mean that you can lose money when selling.

Despite of so many risks involved in commercial property investment, it is still one of the most profitable investment sectors. If you find the right commercial property investment, you will get a good return from your investment.

Commercial Properties Developer India

Pacifica Companies Pvt. Ltd., is one of the leading real estate developers in India following such constructed procedure to finalize the deals to avoid the later discrepancies. We offer a wide range of future opportunities of commercial real estate investment in India. We specialize in providing the best deals for your commercial real estate projects and residential real estate projects like apartments, bungalows, townships etc. Invest on commercial projects or residential schemes in India and you are definitely going to enjoy the continuous cash flow yielding maximum returns on your investment if dealing with Pacifica – a leading real estate development company in India.

Real estate property development company, Pacifica Company offers residential properties, commercial properties, hotels projects, IT parks development, township development, mixed use development projects, land development projects etc. SEO services provided by Jigney Bhachech, CEO Opal Infotech, India.

Posted in Commercial Real Estate Misc. | Tags: commercial, estate, Investment, Property, real | No Comments »

Chennai – Budding property trends

June 9, 2010 | Author admin

Chennai, formerly known as Madras, is one of the four metropolises of India. The capital city of Tamil Nadu, Chennai is the core of all economic, political, and business activities of the state. Chennai is fast achieving repute for IT as well as industrial development. The city provides a fluid environment for investors and buyers to plunge in and explore in both residential as well as commercial sectors.

The Indian real estate is a budding sector and is a boost to the Indian economy. Chennai’s’ real estate segment is impelled by the residential and the commercial sectors. The booming IT industry plays a major role in the commercial upswing in Chennai.

Chennai real estate is a potential market. Being the fourth largest metropolitan city of India, Chennai houses regional offices of many major corporate houses. It stands amongst the trade capitals of the country.

Chennai’s property trends have witnessed gradual upturns with the establishments of a multitude of IT/I.T.E.S and BPO firms, which have generated a plethora of services, employment opportunities and growth prospects for the population. This has led to a significant rise in the real estate demand. Due to the changing lifestyles of the people as a consequence of immediate developments introduced by the growing urbanization, a considerable rise in the property graphs has been recorded. The real estate segment caters to the land requirements for a huge mass of population.

Property in Chennai and land values is relatively cheaper than the trend followed in other metropolitan cities due to the availability of larger and suitable tracts of unutilized land. Having a vast coastline, the city stands at an advantageous position as compared to the other metro cities of India. With a lucrative investment scope, advanced infrastructure, intellectual talented workforce, sound English language skills enhancing the comprehensive developing environment, Chennai is rapidly emerging as a potential destinations for investors and buyers across the world.

The city is also proceeding to becoming a prime manufacturing hub for electrical and electronic industries as well as for auto components.

Chennai offers a stupendous inflow of real estate developers and builders due to the budding commercial scenario as well as affordable cost of living.

An abode to several multinational firms, Chennai has witnessed considerable growth in the commercial segment. The booming BPO, IT and I.T.E.S industries have played a vital role in amending the real estate market of Chennai, preparing it to adhere to the needs of the upcoming business and financial market.

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Equally in step with the commercial sector, Chennai’s residential segment is also on an upswing, further accelerating real estate graphs of the city. The rising trend of luxurious complexes, flats and apartments in Chennai have poised the residential sector, catering to the growing demand for a quality lifestyle.

The progressing commercial market and increasing influx of IT experts have elevated the residential sales, compelling higher investments in the sector by competent builders and buyers.

Chennai is consistently gaining a vantage over neighbouring cities like Bangalore and Hyderabad as a result of better skilled manpower. Multinational companies exhibit a higher interest level in the city due to cheaper lodging facilities and sparse operational costs.

The retail sector has also picked up as a result of the increasing commercial and residential stakes in the real estate market. According to the President of Chennai Real Estate Agents Association, the land for setting up a shop is carefully chosen by the retailers. The vicinity of the prospective shop is thus judiciously contemplated upon.

With the growing commercial opportunities and advancements, Chennai is regarded as the commercial capital of India. The city is extensively emerging as one of the most sought after junctions by foreign buyers and investors, who thrive to make a mark in the Indian real estate.

With Chennai real estate witnessing appreciation at a fast rate, property investment in the city is worth the idea.

Kriti Seth writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Chennai property and other Properties.

Posted in Commercial Real Estate Misc. | Tags: Budding, Chennai, Property, trends | No Comments »

Aneev Properties a leading Real Estate Agents & Property Construction in South Delhi and NCR

May 28, 2010 | Author admin

Our Services
We are one of the leading Real Estate Agents & Property Construction in South Delhi and NCR, having more than 10 years of experience in Real Estate of Delhi & NCR. Our aim is to provide honest, reliable, cost-effective, hassle-free and quick services to our esteemed customers. Our core competency is in real estate of South Delhi & N.C.R, and we have been providing Real Estate Consultancy to our customers. We mainly deal in Industrial, Commercial and Residential Properties in South Delhi. OUR MAIN GOAL is to understand and recognize the needs of our clients and fulfill their requirements at our best level in South Delhi, (INDIA). That is the reason why we have a large number of satisfied customers in our database. AND also been noted that South Delhi is the only main preferred area for Industrial, Commercial and Residential being nearest to Railway Station and Airport viz. Domestic and International.

Why Aneev Properties

Aneev Properties and Constructions, was formed with sole purpose of providing ‘Professional and Honest’ services* to its valued customers. We believe ‘service is our business’ and keeping this in mind we have set high standards. And we have always served our clients with sincere endeavor to provide ‘One stop property shop’ which can cater to all their real estate requirements. At the same time we also realize that several factors go into providing real estate solutions that protect our customer’s investment, most importantly Clear title, Quality of Product & Cost-effectiveness. Our extensive database ensures a wide spectrum of choice in properties for our clients.

Our Exclusive Services include:
• Providing initial information on the commercial, residential & Industrial properties market in Delhi, NOIDA, Gurgaon, Faridabad, Uttaranchal, region (including advice on gross rental, availability, normal Lease terms and structures, Location alternatives and tenure issues)
• Preparation/ analysis of short-list of alternatives.
• Analysis and commentary on alternative leasing structures proposed.
• Advice on standing and integrity of the landlords.
• Initiation and conclusion of negotiations with designated landlords.
• Review and suggesting amendments to offer License and Lease agreement
• Advice/Assistance with selections of Air-conditioning, Interior Designers, Architects, fit-outs refurbishment contractors (if required).
• Assistance in procurement of Stamp Papers and complete registration process in courts.
• Arrangement of Loan for/ against property from financial institutions/ banks.
• Properties Handled – Residential Bungalows/ Flats/ Apartments and Farm Houses,
• Approved Commercial & Non-commercial Office Space,
• Industries/ Factory and BPO Call Centers Residential Plot, Residential House, Multistory Apartment, Builder Floor Apartments, Commercial Land, Commercial Office Space, kiosk, Hotel, Hotel site, Guest House, Business Centre, Ware house/Go down, Agricultural Land, Farm House. Operating in Delhi & N.C.R.

It Will Be Ensured That The Deals Are Fair, Honest And Transparent, And Assure You Of Prompt Reply And Good Services.

Commercial Property Services
As a reliable Real Estate Agents / Property Consultants / Real Estate Consultants & Professionals, we take pride in offering economical and innovative solutions to your commercial property needs namely office space, furnished office space, Call Center, BPO, Software company offices, factories, warehouses, commercial & retail space etc. with our commercial real estate services. Depending on the requirements and budget of our clients, we offer integrated solutions that address our clients’ needs. Aneev Properties have helped number of clients to acquire commercial properties like office spaces, furnished office space, Call Center, BPO, Software company offices, factories, warehouses, commercial & retail space factories in some of the most popular and happening places in Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Sonepat etc.
Residential Property Services
For a potential tenant seeking space, Aneev’s conducts a search based upon your needs: timing, location, market price of leas able space, space specifications, cost versus prestige, and amenities. We understand the importance of expansion and relocation, and we’re here to assist you in your decision making process.

For more Information Please Visit: –

http//aneevproperties.point2agent.com

Posted in Commercial Real Estate Misc. | Tags: agents, Aneev, Construction, Delhi, estate, leading, Properties, Property, real, South | No Comments »

Americas Commercial Investment Property Association.

April 26, 2010 | Author admin

Commercial Real Estate Investors Only: Your Invitation To Join The Worlds Only Commercial Investment Real Estate Property Investors Association, And Claim Over $616.95 In Gifts…Free.
Americas Commercial Investment Property Association.

Posted in Commercial Real Estate Misc. | Tags: Americas, Association., commercial, Investment, Property | No Comments »

Sooryam Properties : Commercial & Residential Property Sales:Purchase & Renting

April 13, 2010 | Author admin

Sooryam Properties, India is one of the preeminent Property Consultants, Residential and Commercial Property Dealers of India, in India. We have always endeavored not to disappoint the trust that has been put in us by our business partners. Thanks to a resolute and professional approach, we are proud of having built up a very high reputation in the local property market of India. We believe – and experience has taught us – that all co-operations must be based on a trustworthy relationship between both parties from the very beginning in order for it to satisfy both sides. Our experience has helped us grow from strength to strength only to become the most trusted real estate consultants, residential and commercial property dealers and realtors in India.

Sooryam Properties, India is involved in wide spectra of services in real estate and property dealing related services and assure you to provide the best of all at competitive prices. We provide services such as sale and purchase and renting of residential and commercial properties of all categories.

Property Services in India by Sooryam Properties:

Real Estate Consultants Sell/ Purchase of Farmland in Delhi Sell/ Purchase of Residential Property in Delhi Sell/ Purchase of Commercial Property in Delhi Sell/ Purchase of BPO/Call Centre in Delhi Sell/ Purchase of Service Apartments in Delhi Sell/ Purchase of Plots in HUDA Sectors Delhi Sell/ Purchase of Flats in Delhi

Our main Motto is maximizing the Customer’s Satisfaction. We always ensure that the deal is genuine and hence we are known in the city for making fair deals. As we are a well-established and highly experienced Real Estate Consultant, Residential Property Dealer and Real Estate Agent, you can always trust us for speedy transactions and proper documentation. We remain true to our founding values of quality honesty and hard work. We maintain the highest ethical standards in the industry. We are proactive in finding solutions for our clients that best achieve their goals. Lasting relationships are the lifeblood of our business. We want the client to feel that our staff is even more committed to the effort than their own staff…that’s what distinguishes us.

Posted in Commercial Real Estate Misc. | Tags: commercial, Properties, Property, Renting, Residential, SalesPurchase, Sooryam | No Comments »

Commercial Property In Gurgaon Is Hot Favorite

April 12, 2010 | Author admin

Gurgaon is one of the major hotspots for commercial property in India today as it has become the most important outsourcing and off-shoring hub in the world. It is located in NCR (National Capital Region) and has emerged as the IT and BPO capital of India. It is the industrial heart of north India as it houses several top notch MNCs, Corporates and Fortune 500 companies.

The commercial property in Gurgaonis the most favorable among the business leaders as it has become a new age business destination. Undoubtedly, its proximity to the national capital, Delhi has benefited it in more than one way. Consequently, it is entitled to all the facilities available to Delhi along with the well trained and highly skilled professionals. In addition to this, it has a very business like environment in its healthy and hi-tech surroundings.

Leading property developers like DLF, Unitech, Raheja, Vatika, etc. have developed commercial spaces like SEZS (Special Economic Zone), fully furnished offices, world class business centers and cyber city in Gurgaon. All these buildings are fully equipped with what constitutes the infrastructure i.e. security measures, well designed interiors, data cabling, internet connectivity along with utilities, internal housekeeping, electricity and AC provisions. These readymade hassle free structures are an added advantage in attracting MNCs in a big way. It has emerged as one of the best cities for corporate investors as it offers ready to move in offices on rent as well.

Not only this, Gurgaon offers shopping malls, sky-touching apartments and an international standard of living. It has been quite adept in catering to the entertainment and recreation needs of the high salaried workforce residing in the city. Various shopping complexes, multi-storeyed malls, movie theatres, multiplexes, health clubs, etc. have been opened in this business city. There is, thus, indubitably a huge demand for both commercial and retail property in Gurgaon.

Rental values and property values of Gurgaon real estate is spiraling up constantly as it keeps luring the property investors and corporates. Gurgaon realty is a high growth area as demand for property never dies down and instead keeps increasing relentlessly. Its residential segment has already reached the hilt and is the hottest with so many students and professionals continually raising the demand for housing. Gurgaon has, in fact, become a top scorer among the most preferred residential destination in India. Growing housing requirements are making the need of better housing felt and so, property builders are coming up with the concept of ‘affordable housing’. This is because property rates have sky rocketed in Gurgaon, so much so that in some regions they are as high as in Delhi and in some almost exceeded them.

During recession, rental property in Gurgaon had suffered quite a lot with a significant fall of around 25% recorded. But as soon as the economy recovered, Gurgaon rental values have picked up well and are traversing on the growth path. Rents of commercial property in Gurgaon are seeing an upward trend while encouraging property developers to continue shaping up buildings for commercial use. Because of the economic meltdown, some of the leading realty shapers like DLF and Unitech had shifted their construction plans to housing sector as they deemed it profitable even in the times of slowdown. But, it’s not happening anymore as property developers are coming forward and making investments in commercial sector with equal vigor.

Therefore, real estate in Gurgaon will remain a hot favorite in upcoming times as it continues to be an attractive business destination. From BPOs, KPOs to IT, ITes sector, almost every industry has an established presence in Gurgaon, thereby, making it an important commercial hub.

Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Gurgaon property and other Properties.

Posted in Commercial Real Estate Misc. | Tags: commercial, Favorite, Gurgaon, Property | No Comments »

Commercial property in Gurgaon

April 10, 2010 | Author admin

The new-found commercial hub of India, Gurgaon, is one of the most well developed cities in the country. Within a decade, Gurgaon, one of the most happening markets in Delhi-NCR, has seen some of the major upswings in its property market. The rates of the commercial as well as residential properties are typically very high. Also, what makes the city more popular is its close proximity to the airport, which even gives an edge to Gurgaon over the other major cities in India.

Why the property rates in Gurgaon are very high

The real estate prices of Gurgaon are, undoubtedly, much higher as compared to other cities of India. This is mainly due to the development of countless industries and multi-national companies in Gurgaon. These firms require commercial properties in order to set up their different offices in the city. This has led to an increase in the prices of commercial properties. Besides that, people from all over India live in Gurgaon to work in these companies. Because of this, there is also an increased demand regarding the residential property, which includes flats, apartments, and condos.

The ever growing corporate culture in the metropolises of India is also responsible for the demand of commercial space, especially in India’s fastest developing suburban, Gurgaon. From the largest to the medium-sized, all kinds of companies want to occupy even the tiniest space available to reap benefits of the rapidly developing city.

Gurgaon, also called the Singapore of India, has, for sure, emerged to be the focus of major companies and BPO’s in the northern part of the country. Also, with the arrival of the top-notch MNC’s and Fortune 50 companies such as Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, etc., there has been an increase in demand for commercial space witnessed over the past few years.

Other than that, what also matters is the location of the city. Gurgaon is well-located in the National Capital region and is just 15 kms from the New Delhi International Airport and is very well connected to all the facilities of the National Capital. Besides that, Gurgaon offers a hi-tech and conducive corporate environment that makes it the favorite destination for many business enterprises. The commercial property market of Gurgaon offers modern infrastructure and amenities developed by leading real estate developers like Unitech, DLF, Vatika and Vipul.

Real estate prices in Gurgaon are soaring new heights each year. Although big companies can easily afford to buy a fully furnished property to launch their base in the city, small companies prefer renting corporate spaces to reap the benefits of this rapidly growing commercial center. In Gurgaon real estate, commercial rental properties are easily accessible with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. So, one does not need to fret about the initial investment for furnishing the property with basic amenities and utilities.

Also, to meet the increasing demands of commercial rental properties in Gurgaon, real estate players have undertaken many middle and high-end projects at Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. Not only upcoming companies but also global organizations consider the alternative of renting a property than buying it, as the returns in leasing or renting are much more profitable. Besides that, investment in commercial real estate in Gurgaon has become a lucrative option. One can reap great benefits from your noble idea of investment in a commercial property in Gurgaon than just sale and purchase of residential properties including homes and apartments. As Gurgaon now is a home to several MNCs and BPO firms, an investment in commercial real estate in Gurgaon will definitely be a beneficial deal.

So, commercial property in Gurgaon can be your productive investment in a number of ways –

You can make profits through renting it out to businesses. You can establish separate income sources apart from regular earnings.

In the end, do remember that after buying commercial real estate in Gurgaon on most attractive rate, you can maximize your profits through upgrading commercial property with required infrastructural and interior modifications. Then, you can again sell your Gurgaon property on the most preferred rate.

Investing in the commercial realty market of Gurgaon is definitely a profitable choice.

Sukhpreet kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property, search for a property, browse through Gurgaon Real Estate and Properties.

Posted in Commercial Real Estate Misc. | Tags: commercial, Gurgaon, Property | No Comments »

Key Terms for a Trouble Free Acquisition of Gurgaon Commercial Property and Residential Apartments

April 9, 2010 | Author admin

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.

Posted in Commercial Real Estate Misc. | Tags: Acquisition, Apartments, commercial, Free, Gurgaon, Property, Residential, Terms, Trouble | No Comments »

Over Coming Challenged Property Types in Commercial Lending

April 6, 2010 | Author admin

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

Posted in Commercial Real Estate Misc. | Tags: Challenged, Coming, commercial, lending, Over, Property, Types | No Comments »