As we hear stories about the improving economic condition in the national real estate markets, those of us that are "on the front line" ask some questions. Where is the "boom area?". "where are the buyers coming from?", and "what seems to be appealing to buyers, along with the lenders?". Good questions, all...and even the Wall Street Journal does not have the answers.
But, it does seem to be happening if the response we are getting for commercial real estate financing is any measure of what is going on in the nation as a whole. In the past 30 days, I have had serious inquiries, and in some cases, presented projects for funding to investors, that does show an increase in the commercial real estate activity. Buyers are out there, and they have cash for down payments, and they are looking at various commercial properties. We have tried to be responsive and the results are lower interest rates across the board and both numerous loan and term options.
If you are in need of financing for one of your commercial projects, or a single commercial real estate entity, send me an e-mail and I will get you a quote. We are very competitive with mobile home parks, hotels, warehousing, shopping centers, and commercial office projects. The "bigger the better" as far as our lenders-investors are concerned, up to $500 million. We will look at projects throughout the nation and Canada, and some limited European projects
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