©Shutterstock.com”Shark Tank” star Kevin O'Leary believes the commercial real estate sector is on the brink of collapse, which will have ripple effects that will negatively impact investors and small business owners. He spoke about this “unique situation” during a recent appearance on “Kudlow.”Read more: Top 7 countries with zero income taxCheck it out: 7 Unusual Ways to Make Extra Money (That Actually Work)Here's everything you need to know about the current state of commercial real estate and its impact on the economy.Sponsored: Protect Your Assets with a Gold IRA Take advantage of gold's timeless appeal with a Gold IRA recommended…
Author: Private Lending Agent
Two recently passed bills will make Michigan's Property Assessed Clean Energy (PACE) program more accessible to Michigan business owners. PACE is a long-term financing tool for commercial property owners to pay for energy efficiency, water efficiency, and renewable energy upgrades. Property owners receive 100% upfront funding for their facility's energy efficiency upgrades and repay the PACE loan through a special assessment on their property taxes. Virtually any energy efficiency, water efficiency, or renewable energy project is eligible for the program. The updated program gives property owners more freedom to decide how much protection they need. For renovation or restoration projects,…
Boston Mayor Michelle Wu plans to introduce legislation that would allow the city to raise property tax rates on businesses above the cap set by the state, city officials told reporters Thursday.The move comes as commercial real estate values in the city are declining due to the post-pandemic shift to remote and hybrid work, inflation and other economic impacts. A recent report from the Boston Policy Institute said Boston could lose $1.4 billion in tax revenue over the next five years due to vacant office space. The report said Boston could still be in the red about $500 million annually…
Share WASHINGTON, DC (March 28, 2024) – According to the Mortgage Bankers Association (MBA) Commercial/Multifamily Real Estate Finance League Tables, the top commercial/multifamily mortgage originators for 2023 are:JLLCBREJP Morgan Chase & Co. Newmark Meridian Capital Group Eastdil Secured Walker & Dunlop Berkadia Key Bank Wells FargoMBA's report, “Commercial Real Estate/Multifamily Finance Companies – Annual Loan Volumes,” is the only comprehensive listing of 129 commercial/multifamily mortgage origination companies, their loan volumes in 2023, and the various roles each company plays. The report shows loan volumes in over 140 categories, including by role, investor group, property type, financing structure type and origination…
The commercial real estate (CRE) market saw mixed results this February, with some sectors showing resilience while others continue to face uncertainty and losses. The office sector has arguably borne the brunt of more severe and persistent challenges than any other CRE category, but its outlook remains unclear. The industrial sector has slowed, with demand below pre-pandemic levels; however, the multifamily and nearby retail sectors remain robust. Meanwhile, lower interest rates later this year are expected to reduce costs, increase demand, stimulate economic activity, and create a more favorable environment for the CRE market. housing complex The multifamily housing sector…
If you’re considering purchasing properties to fix and flip but don’t have the cash, you’ll need a loan to help get started. House flipping is an investment in real estate, it involves purchasing comparatively inexpensive homes that often need work, then fixing them up and selling them for more than you paid. House flipping can be lucrative but comes with significant financial risk, especially for beginners. Let’s dive into how to secure financing for your flip. Key Takeaways Flipping a house generally costs more money than buying one as a home.Lenders see flipping as risky and generally won’t work with…
Over the past few years, and even today, some politicians have pointed to speculation as the main culprit behind Canada's high home prices. They repeatedly point to foreign buyers and resellers as two groups that various governments have introduced targeted bans and taxes against. Last year, the federal government's Foreign Buyer Ban came into effect, preventing foreigners from purchasing residential property in Canada. The policy has since been amended and extended, despite little evidence that it has had any positive effect on home affordability. In 2022, the federal government will also introduce an anti-flip tax, taxing profits on homes flipped…
This content does not contain, and is not intended to provide, legal, tax or business advice.* Georgia is home to more than 1.2 million small businesses and is a vibrant, dynamic marketplace that offers many benefits to new businesses. “Georgia has been named the best state for business by Area Development magazine for an unprecedented 10 years in a row,” said Chris Clark, president and CEO of the Georgia Chamber of Commerce. “Our predictable tax environment, robust infrastructure network and extensive entrepreneurial community make Georgia a great place to start and grow a business.” That being said, there are some…
A look at insider transactions at Apollo Commercial Real Estate Finance, Inc. ( NYSE:ARI ) over the last year shows that insiders were net buyers, meaning they bought more shares than they sold.While we're by no means saying that investors should base their judgement solely on the actions of a company's directors, we think it's entirely logical to keep an eye on insider behavior. Check out our latest analysis for Apollo Commercial Real Estate Finance Apollo Commercial Real Estate Finance insider transactions over the past yearIndependent Director Robert Kasdin has made the biggest insider purchase in the last 12 months.…
Oaktree Capital Management and Clearview Hotel Capital have secured $229 million in commercial mortgage-backed securities (CMBS) debt to refinance their joint venture Washington Hilton property, as first reported by Commercial Observer.Morgan Stanley (MS) closed on a CMBS single-asset single-borrower (SASB) loan on Friday to sponsor a 12-story, 1,107-room hotel in Washington, DC's Dupont Circle neighborhood. See also: $235 million loan approved for affordable housing development on Greenpoint Hospital site CBRE’s Tom Traynor, Tom Lugg and Lawrence Britvan handled the transaction. The new financing for the Washington Hilton comes four and a half years after Oaktree and Clearview received a $225…