Key Takeaways There are many different types of unsecured business loans, including term loans, business lines of credit, and SBA loans under $50,000. Unsecured loans can be used to purchase inventory, existing businesses, equipment, real estate, etc. Even unsecured business loans may require you to sign a personal guarantee backing the loan with your personal assets. Unsecured business loans help businesses borrow money without putting up valuable assets as collateral, which can be hard to approve because they pose a higher risk to lenders. According to the 2023 Small Business Credit Survey, business lines of credit have the highest chance…
Author: Private Lending Agent
The information contained herein is provided for educational purposes only and should not be construed as financial or investment advice, nor should any information in this document be relied upon when making any investment decision. The opinions and views expressed reflect the current opinions and views of the authors and Apollo analysts as of the date hereof and are subject to change. See the end of this document for important disclosures. Important Disclosures This presentation is for educational purposes only and should not be treated as research. This presentation may not be distributed, transmitted or otherwise communicated, in whole or…
Rather than researching online properties or attending virtual tours and open houses, a new generation of home buyers is connecting with real estate agents and researching properties and neighborhoods on social media platforms like TikTok, Instagram and YouTube. (On TikTok, the hashtag “#realestate” has more than 5 million posts.) These platforms are popular ways for Gen Z and millennials in general to consume information. According to one report, 80% of Gen Z spends time on YouTube, another 75% on Instagram, and roughly 60% on TikTok. Additionally, 35% of all Gen Zers spend more than four hours on social media every…
In this episode of “The Inside Look,” Senior Commercial Real Estate Economist Xander Snyder discusses the impact of new excess inventory on rent growth. For more insights from First American Title NCS, watch below and subscribe to the CRE Insider blog: Transcript: Hello, I'm Zander Snyder and this is First American's Inside Look. If you're looking to rent or own an apartment, you probably want to know what rent increases will be like next year, and this will depend in large part on how much new supply comes onto the market in your city. The number of apartments under construction…
Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We didn’t call it a bear market, but we did call it a lack of…
Buying electricity for your business is like shopping at Costco. If you buy a large container of peanut butter, you get a discount on the price per unit. In places where you have a choice of electricity provider, the same concept applies to purchasing electricity for a business or commercial facility. Businesses likely use more energy than homes, so they may get lower rates. But choosing an energy provider for your business is a much more complicated process than setting up a new plan for your home. While residential rate plans aren't a one-size-fits-all program, they can at least be…
Northwest Arkansas' commercial real estate market is showing continued signs of strength in the second half of 2023, with vacancy rates remaining stable even as new properties are sold, according to a Skyline report.The overall commercial vacancy rate in Benton and Washington counties was 6.4% for the second half of the year, unchanged from the first half of 2023. Vacancy rates remained stable during the period despite 623,288 square feet of new commercial development entering the market.In the second half of 2023, the value of all building permits not related to Bentonville-based Walmart Stores Inc.'s new headquarters campus reached a…
⏰ Estimated reading time: 8 minutesSearching for and applying for a small business loan can be time-consuming, and knowing lenders' general business loan requirements up front can help streamline the process and avoid potential frustrations.Here are seven things lenders typically consider when determining loan eligibility.To better understand the unique needs of your business, we'll begin by completing a short survey.Once you find your perfect match, our team will be happy to guide you through the next steps of the process.1. Personal and business credit scoresTo qualify for a government-backed SBA loan or a small business loan from a traditional bank,…
The pandemic has brought about a major shift to working from home, and no matter how hard companies try to lure workers back to city offices, office occupancy rates are unlikely to return to pre-COVID levels. As a result, owners of downtown office buildings with looming payment deadlines are staring into the abyss, as are banks and other lenders. With refinancing costs more than double what they were a few years ago, it's a struggling market searching for solutions.The good news is that the ominous debt maturities are still a year, maybe even years, away, meaning this is a bomb…
Nearly $820 billion of U.S. commercial real estate loans could mature in 2024. The sharp decline in real estate prices and the sharp rise in borrowing costs could prevent some mortgages from refinancing. According to data from MSCI Mortgage Debt Intelligence, the total amount of loans maturing in 2024 is approximately $600 billion. In addition, $214 billion of loans were scheduled to mature in 2023, but our analysis showed that there were no subsequent refinancings or related collateral sales, so we considered these loans “likely to extend.” Lender monitoring More than half of the loans maturing this year were provided…