Since the early days of the COVID-19 pandemic, investors have been on the sidelines to take advantage of distressed real estate in the hope that this event will trigger something similar to the deep discounts that occurred during the Global Financial Crisis (GFC). As a Wall Street Journal article put it, funds, high-net-worth investors and family offices are “stockpiling cash, which allows them to move quickly into discounted properties.” However, banks have learned their lesson from the GFC and are being more cautious this time around in liquidating their CRE loan balances. As a result, there are fewer distressed real…
Author: Private Lending Agent
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Key takeaways While you can discard monthly mortgage statements, it’s important to keep all mortgage documents, such as the promissory note, deed of trust and proof of title insurance, for the life of the loan. Mortgage documents can be useful when making insurance claims, determining capital gains tax liability and facing foreclosure. If original mortgage documents are…
JGI/Tom Grill/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Business line of credit rates range from 8 percent all the way up to 60 percent or higher, depending on the lender and the borrower’s creditworthiness The best rates are offered to established business owners with good-to-excellent credit Business lines of credit may come with additional fees, such as annual fees, origination fees, draw fees and maintenance fees A business line of credit can have an APR that ranges from 8 percent all the way up to 60 percent or higher. According to the Small Business Lending Survey, average rates…
When Blackstone put its student housing portfolio up for sale, the firm worked behind the scenes to make the deal more attractive. First, the company dangled the option for potential buyers to assume $800 million in debt that had already been negotiated at low interest rates, then, once bids came in, Blackstone came forward to provide below-market loans, bringing the total to about $1 billion. KKR & Co. won the deal, agreeing to buy the property from $59 billion Blackstone Real Estate Income Trust. The sale was announced in time for a key shareholder call in April, with President John…
Commercial real estate sales transactions in East Baton Rouge Parish have declined for a third straight month. Sales fell 7.14% to a total of $505.8 million in transactions over the past 12 months last month. Overall transaction velocity was down 3.78% from April. Here's how each sector performed, according to the latest data compiled by Elifin Realty. housing complex Sales volume in the multifamily sector decreased 8.92%. Trailing 12-month sales volume was $208.4 million, down compared to $228.9 million in April. Transaction velocity has remained steady, while property prices have increased from $71,400 per unit in April to $71,800 per…
In Texas, business is booming. Between December 2022 and December 2023, the Lone Star added 369,600 jobs. According to Texas Economic Development, that’s the highest number of new jobs in the country. If you’re one of the millions of business owners in the state, you likely need some form of business insurance to protect your buildings, equipment and workers. Whether you’re an independent contractor who works from home or you own a warehouse with 100 employees, the right small business insurance company in Texas will be able to give you the appropriate coverage your company needs: FEATURED PARTNER The Hartford…
June 14, 2024, 10:01am EDT | Source: Jeremy McGillivray Oklahoma City, Oklahoma–(Newsfile Corp. – June 14, 2024) – Bois Commercial Real Estate, brokered by eXp Commercial, the leading commercial real estate experts in the Oklahoma City metropolitan area, is pleased to announce the release of their latest publication, “Mastering the Market: Your Guide to Selling Commercial Property Faster and For More Money.” This pioneering guide will serve as a vital resource for commercial real estate owners looking to navigate the complexities of the market with confidence and success.Bowa Commercial Real Estate Releases Comprehensive Guide to Maximizing Oklahoma City Commercial…
The Community Redevelopment Agency (CRA) Board voted today to approve $8.49 million in commercial grant funding through the end of fiscal year 2024. The grant funding will benefit commercial property and business owners in 10 CRA areas. In addition, long-time commercial property owners can benefit from a new “legacy credit” that rewards long-time property owners who make improvements by reducing their upfront out-of-pocket costs.Four grants are available to people looking to make eligible improvements within CRA areas, including: Commercial Exterior Grant: Used to enhance the exterior of a commercial building or property. Up to $75,000*, matched by 50 percent of…
“What is the potential exposure to Unrelated Business Taxable Income (UBTI) from my fund's investments?” Most fund sponsors and managers are asked this question by potential and existing investors. Specifically, tax-exempt entities such as IRAs, foundations, pension plans, and university endowments make up a group of investors that consider this question during the investment due diligence process. Therefore, fund sponsors need to understand why UBTI is a concern, the relevance of UBTI in equity and fixed income investments by real estate private equity funds, and mitigation strategies to reduce or eliminate UBTI. Why is UBTI a concern? Tax-exempt organizations generally…
One reason the real estate industry isn't preparing for the next recession is simple: it's already here. Those who don't recognize the unprecedented challenges we face simply aren't looking. The truth is, we're in for a long haul and many will not survive. Now is the time to address the cracks and innovate, or risk slipping into a worst-case scenario.As someone who has worked in real estate technology (or PropTech) for over a decade, I believe the data we have available to us is essential to tackling many real estate challenges head-on. In industries from finance to transportation, there is…