Key takeaways LLC loans provide funds for small businesses that are limited liability companies LLC loans can be used for many things, including working capital, covering start-up costs, equipment or inventory purchases, advertising and marketing and even commercial real estate Signing a personal guarantee can void your liability protections and leave you personally liable if your business can’t pay its debts A limited liability company (LLC) is a popular business structure chosen by millions of small business owners. It offers tax advantages and protections that limit the legal liability of the LLC’s members. LLCs are also simple and affordable to…
Author: Private Lending Agent
In 2023, Portland voters approved two measures that will affect property owners. One of the measures voters chose to renew will continue to support children's education programs and food security, as well as help foster children and youth succeed. The second renewed a five-year levy to maintain emergency fire and medical services for Riverdale residents. Home prices have remained fairly stable or declined slightly in 2023 in most areas of the city. These measures maintain established tax rates, but because home values tend to rise each year, they will be more expensive in 2024 for most property owners because taxes…
Zoho Books offers a free plan and six paid plans. The free plan offers features like adding one user and one accountant, client management tools, a client portal, online and offline payment processing, automatic payment reminders, expense and mileage tracking, invoice tools, core tax calculations and reporting, etc. The paid plans add features like inviting more users, paying invoices, assigning custom roles, managing timesheets, setting up automation rules, and more. While Zoho Books doesn't offer many real estate-specific tools, its own integration apps further enhance its ability to serve real estate professionals. Useful real estate integrations include Zoho Sign (e-signature…
No matter what the national real estate market is doing, South Florida’s market is outperforming it. This is business as usual, but commercial real estate experts here and elsewhere believe the region's commercial real estate market should be largely unaffected by the difficulties other areas are experiencing. There is also a lot of concern about commercial real estate and the risks it poses to the banking sector and the economy. Read more: Jobs and wine: South Florida job market and inflation continue to outpace the nation “It's clear that there will be stress and losses” in commercial real estate, particularly…
© NAR The National Association of REALTORS® unveiled the sixth installment of its “That’s Who We R” national advertising campaign in January, showing consumers first-hand how REALTORS® agents put their clients first, not just at closing but beyond. The new creative spots highlight honest, straightforward scenarios Americans may face during the process of buying or selling a residential or commercial property, with one ad focusing specifically on the experience of an entrepreneur looking for a mixed-use space to expand their commercial business. Through visual, audio and digital storytelling, the campaign highlights what sets REALTORS® apart in a crowded real estate…
Downward angle icon Downward angle icon. Former President Donald Trump speaks at a press conference at 40 Wall Street earlier this year. Alexi J. Rosenfeld/Getty Images Attorney General Letitia James plans to seize Trump's cash and property if he doesn't pay his civil fraud debt. Trump's bank accounts will be seized and his property could be sold at sheriff's auctions. One of New York's top judgment enforcement lawyers explains how the process will unfold. Don't expect to see a gold-plated toilet dragged to the curb outside Trump Tower, nor will the glass revolving doors of 40 Wall Street or Trump…
Dive Overview: According to a new report from Yardi Matrix, with a few exceptions, the Sunbelt has the most multifamily loans coming due in the next few years. Atlanta, Dallas, Denver, Houston, New York City and Chicago have the most multifamily loans coming due between now and 2029, according to the report. At least $5 billion in loans will come due in 27 major metros in that time frame. According to the Yardi report, $61.8 billion in apartment loans will come due in 2024, with another $84.3 billion coming due in 2025. Over the next five years, 58,533 properties, representing…
No matter what the national real estate market is doing, South Florida’s market is outperforming it. This is business as usual, but commercial real estate experts here and elsewhere believe the region's commercial real estate market should be largely unaffected by the difficulties other areas are experiencing.There is also a lot of concern about commercial real estate and the risks it poses to the banking sector and the economy.Read more: Jobs and wine: South Florida job market and inflation continue to outpace the nation”It's clear that there will be stress and losses” in commercial real estate, particularly office buildings, Treasury…
Dive Overview: Moody's Analytics said office commercial real estate values are likely to fall 26% by the end of next year as many companies downsize their workspaces or relocate to cheaper properties to adapt to the work-from-home trend. Valuations of all CRE types are likely to fall 10% from peak to trough over the next 18 months, Moody's said in a report Thursday, adding that “the office sector will be hit hardest by a large margin.” While CRE accounts for nearly a quarter of bank lending and the largest portion of bank debt, “there is ample evidence that banks are…
Continued sluggish demand for office space, growing refinancing needs, and rising interest rates have… [+] A symptomatic problem for the commercial real estate sector.Getty The sharp decline in office building values has many eagerly awaiting a major sell-off in commercial real estate, which could hit city and state budgets and lead to the collapse of major banks. So far, borrowers and lenders have avoided the worst of the damage, but their delaying tactics could come to an end, with dire consequences. These concerns were highlighted through economic analysis by New York University's Arpit Gupta and Columbia University's Stijn van Neuwerburg,…