I have spent my entire career in the Real Estate industry, with the first 13 years being focused on the residential sector. In 2016, I was introduced to Commercial Real Estate when I was offered the role President of the Northeast for one of the nation’s largest and most established Smart Building Technology companies. Stepping into this completely new arena, focusing on Office and Multifamily, my knowledge of the sector was nonexistent. Eager to learn, I spent my early days absorbing information from industry experts and literally anyone who would speak with me. One of the earliest surprises that I…
Author: Private Lending Agent
Jeff Glover and his team have underwritten over 10,190 properties in his career and he has underwritten over 2,500 himself. He is a well-known name locally. Over the years, Jeff has perfected a 5-point model that he uses to underwrite every property. 1. Content Creation Create content that communicates your unique value, or what Jeff calls a “list action plan.” Each component has a core purpose that helps impress upon your team the value. Promotional Marketing – How to effectively market your home to maximize your seller’s profits. Organizational Marketing – How to market yourself and your brand to maximize…
Kiavi announced it has increased its 16th securitization to $350 million, its largest transaction since November 2021 and bringing its total issuance since 2019 to $4 billion. The time has come. It's time to take charge. Experience a complete reinvention of real estate's most important event at Inman Connect Las Vegas this summer, July 30-August 1, 2024. Join your peers and industry leaders as we shape the future together. Learn more here. Kiavi, a fix-and-flip bridge lender, said Monday it had completed the securitization of $350 million in residential transition loans, bringing the company's total securitizations since 2019 to $4…
British Columbia's premier says his proposed home resale tax, which would impose a 20 per cent tax on properties sold within a year of purchase, is not a panacea for the province's housing problems, but it is aimed at providing more homes for people who want to live in them.”Anything the Government can do to shorten the competition list for that housing will be welcomed,” Premier David Eby said.”A resale tax is not a silver bullet. If it were, it would have been implemented a long time ago. It's just one part of a comprehensive strategy to address our housing…
JPMorgan Chase CEO Jamie Dimon said on Monday (February 26) that the majority of commercial real estate owners will be able to “weather it all” through the current economic environment. Dimon told CNBC on Monday that barring a recession, those shareholders would be able to refinance and inject more capital, Bloomberg reported. Many property owners are already dealing with the current level of stress, and the challenges of falling valuations and rising interest rates are already known, so if the country avoids a recession, only a “portion” of the commercial real estate sector will experience problems, Dimon said. But rising…
The Sunshine State is booming: The U.S. Census Bureau reported that the state has the second-highest population growth rate in the country. If you’re one of the state’s 3 million small businesses, the opportunity for growth is huge, but to protect your company, you’ll likely need one or more small business insurance products that will protect your business against damage and loss from hurricanes, floods and accidents. To help you find the coverage you need, we've identified the top five small business insurance companies in Florida based on product options, financial stability and customer service. Featured Partners Hartford Am Best…
Given the value of luxury homes, it's only natural that luxury homeowners and real estate agents are interested in selling these properties in any market. However, the world of luxury real estate is unique in that it doesn't follow the standardized formula that many real estate agents are accustomed to. When selling multi-million dollar properties, there are no repetitive sales systems or one-size-fits-all strategies that apply. Why wouldn't you? First, luxury property buyers are different from buyers who purchase more affordable homes. Plus, one of the secrets to selling a luxury home is crafting the right story that connects with…
Karl Marx once said, “History repeats itself: the first time as tragedy, the second time as farce.”Marx’s assessment of history’s cyclical nature feels strangely appropriate for describing the state of the nation’s regional banking system in early 2024. SEE ALSO: Newmark Taps CBRE’s Dean Zander as New Vice Chairman Eleven months after the demise of Silicon Valley Bank precipitated several of the largest commercial bank failures in U.S. history, another banking crisis appears to have been narrowly averted earlier this month — but with zero indication that the regional banking system as a whole remains strong enough to withstand a slowly…
⏰ Estimated reading time: 7 minutesBusiness credit is a way of assessing the financial strength of a business. A high business credit score can help you get better terms on a business loan, lower interest rates on business insurance, and better terms with suppliers.As a new business, you need to establish business credit and grow it over time. Some steps to building business credit are quick and easy, like setting up an Employer Identification Number. Others take more patience, like demonstrating a long and responsible payment history. Here is a step-by-step guide on how to gain and build business credit.Find…
The pressure of rising interest rates is giving some commercial real estate owners and operators sleepless nights these days, while a lot of capital is rushing in eager to take advantage of the market turmoil.Large managers such as Blackstone, Brookfield Asset Management, Ares and Starwood have either completed launches or are actively raising funds for megafunds targeting opportunistic strategies. Brookfield, for example, is actively fundraising for its fifth vintage global opportunistic real estate fund, Brookfield Strategic Real Estate Partners V, which is reportedly targeting $15 billion. Office REIT SL Green Realty has also entered the fray, announcing recently that it…