bozeman commercial real estate: Tertiary Commerical Real Estate Markets & Balance Sheet Lending for Bozeman Commercial Real Estate
- 11/29/08 04:52 AM
"At the top of the market, the cap rates of tertiary-market properties were similar to properties in primary and secondary markets." (CCIM Institute) Coupled with the fact that Balance Sheet Lenders, i.e., institutions that lend per the Balance-Sheet, aka, Portfolio Lenders, are filling the void left by the dearth of solvent secondary Commercial Mortgage Backed Securities (CMBS) markets, it may be time to take another look at investing in smaller commercial real estate markets, because local lenders know their towns and commercial property real estate values are dropping in tertiary markets, too. Note: "Smaller banks also have higher capital reserve requirements … (0 comments)
bozeman commercial real estate: SOLD! Unique and Historic Irish Bar in Butte, Montana - Montana Commercial Real Estate
- 11/19/08 03:12 PM
Historic Montana Bar - SOLD ! SALE PENDING! SOLD! - Historic "Butte Post Building" and Irish Times Pub in uptown Butte, Montana Bozeman Commercial Real Estate Main floor Pub - 6380 sq ft with 1909 tiger mahogany antique back bar, original wood floors, pool room, and dance hall. Second Floor - Wine/Martini Art Lounge - 6380 sq ft with original maple floors, canopy bar, marble tables, leather chairs and couches, a fireplace, new bathrooms. Large space perfect for a loft. Basement - 7920 sq ft with walk in cooler. New electrical, plumbing, and sewer. FULL LIQUOR LICENSE included!! The Pub was one of the locations for … (2 comments)
"At the top of the market, the cap rates of tertiary-market properties were similar to properties in primary and secondary markets." (CCIM Institute) Coupled with the fact that Balance Sheet Lenders, i.e., institutions that lend per the Balance-Sheet, aka, Portfolio Lenders, are filling the void left by the dearth of solvent secondary Commercial Mortgage Backed Securities (CMBS) markets, it may be time to take another look at investing in smaller commercial real estate markets, because local lenders know their towns and commercial property real estate values are dropping in tertiary markets, too.
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