Commercial Real Estate Financing
As the name implies, commercial property are all properties involved with commerce. Most commercial properties fall into the following categories Apartments. Residential apartment buildings with five or more units are often treated as commercial property. For more information, see the Investing in Apartment Buildings article. Office. Buildings and complexes dedicated to offices and professional services are commercial properties. For more information, see the Investing in Office Buildings article. Entertainent and hospitality. Movie theaters, restaurants, hotels and resorts are all types of commercial properties geared toward the entertainment and vacation industry. For more information, see the Investing in Hospitality and Entertainment Properties and Investing in Golf Courses articles. For more information about commercial properties in general, see the Commercial Property Development, article.
We hope that you've found our Mortgage and Real Estate Resource helpful and informative. We welcome all comments, critiques and suggestions please send emails to atlas atlastitle.net. Remember that whether your are buying a home or an office building, you are investing in real estate. As with all investments, the best investors are those who can gather the most knowledge, tools and resources. Regardless of whether you use our lending services, please spread the word about our resource center to anyone you know who may benefit from our site.
We hope that you've found our Mortgage and Real Estate Glossary helpful and informative. We welcome all comments, critiques and suggestions please send emails to atlas atlastitle.net. Remember that whether your are buying a home or an office building, you are investing in real estate. As with all investments, the best investors are those who can gather the most knowledge, tools and resources. Regardless of whether you use our lending services, please spread the word about our resource center to anyone you know who may benefit from our site.
With many commercial properties and select residential properties, a loan assumption can be an advantageous alternative to a standard purchase. The loan assumption is an ideal alternative for prospective home buyers and real estate investors currently unable to qualify for sufficient mortgage financing.
There is much to admire about Wells Fargo. By all accounts it has a great management team and a very strong franchise that will likely become even stronger with the acquisition of Wachovia, which gives it a coast-to-coast presence and propels it to the top, or near the top, of U.S. banks. The combined company is number one in bank branches (6,610), small business lending, middle market commercial lending, agriculture lending, commercial real estate lending and brokerage, and bank-owned insurance brokerage (number five worldwide). It 's also number two in banking deposits in the United States (11.2 percent, a hair behind Bank of America, which has 11.3 percent), mortgage originations and servicing, retail brokerage, and debit cards. Commercial real estate
Commercial real estate 39 years However, the IRS specifically excludes hotels, resorts and motels from this category. Those transient properties are considered commercial real estate. Commercial real estate Depreciation for commercial properties is on a more extended basis of 39 years. However, commercial properties that were acquired before May 13, 1993, but after 1986, use a 31.5-year depreciation table. Commercial real estate includes office and retail properties, as well as some industrial facilities and mixed-use residential properties. The 39-year deprciation table for commercial real estate purchased after May 13, 1993, is as follows As noted above, commercial properties acquired between 1987 and 1993 use the 31.5-year table. A copy of that table and all depreciation tables are available from www.IRS.gov. But wait it gets even worse for components that are added to the building. For example, if you need to replace the furnace in your office buildings five years after you bought...
Tax-deferral strategies are a great way to minimize taxes, and cost segregation and section 1031 Exchanges are two of the most valuable tax-deferral strategies available to commercial real estate owners today. We've dealt with 1031 Exchange programs in the previous two chapters. Now we turn to cost segregation analysis. Cost segregation brings a great IRS-recognized tax savings strategy to commercial property owners interested in retaining cash. Cost segregation is a strategic tax savings tool that permits companies and individuals to increase their cash flow by accelerating depreciation expense (i.e., 5- and 7-year personal property and 15-year land improvements real property). Ordinarily, the cost of real or section 1250 property is recovered over lengthy periods (27.5 and 39 years for residential and nonresidential property, respectively), using the straight-line method of depreciation. Personal, or section 1245 property is recovered over considerably shorter periods (5, 7, or 15...
Tenants in Common and 1031 Exchanges are the fastest growing real estate transactions occurring in commercial real estate. Tenants in Common (TIC) transactions have become more prevalent in the last two or three years more and more people are choosing them over limited partnership or limited liability companies. They buy properties under an ownership title called tenants in common. 1031 Exchanges will be covered in the following two chapters.
A clause in the deed that restricts the use of the property. For example, a residential property normally cannot be converted into a commercial property. Deed restrictions placed by developers to control the quality or aesthetics of a subdivision are often called restrictive covenants. Note that when zoning and restrictions conflict, whichever is more restrictive is usually followed. Unlawful deed restrictions are unenforceable. For more
The main distribution point for all electrical power brought into a house or a large zone in a commercial property. Homes typically have one of two types of service panels a fuse panel or a circuit-breaker panel. Individual fuses and circuit breakers are rated according to the amperes they can carry, which should match the capacity of the wires in the circuit. When electric flow exceeds that amp level, the fuse will melt or the circuit breaker will trip. If the wiring capacity is lower than the fuse or circuit-breaker, too much electricity could be forced through those wires, causing damage to the circuit or the fixtures.
Don't make the mistake of confusing investment property with commercial property. In the residential mortgage market, investment properties are non-owner-occupied properties. Commercial properties, strictly speaking, are not investment properties in the residential mortgage sense.
With multi-tenant facilities, the maintenance expenses are typically called CAM, or common area maintenance expenses. For a small strip mall, for example, CAM may cover parking repaving, repair, cleaning, snow plowing and upkeep, as well as building washing and cleaning. For an office building, CAM may also include heating and cooling costs for the lobby and hallways, common area janitorial service, building security systems and landscaping.
A commercial real estate debt portfolio comprised principally of A notes, whole loans, mortgage participations, B notes, mezzanine debt, and related commercial real estate securities. Commercial real estate debt Resource Real Estate 's wholly-owned subsidiary, Resource Residential, a multifamily and commercial property management company, completed its first full year of operations.
Which invests in and manages multifamily and commercial real estate and commercial finance, which is comprised of LEAF Financial, a small equipment leasing business. We believe that the combined value of these businesses, when added to the value of other investments and what's on the balance sheet, is multiples of the current market price. REXI 's upside is very high when the markets eventually recover.
Although our specialty is residential properties, Atlas also provides mortgage financing for commercial properties, mixed-use buildings, apartment complexes and businesses. We hope that you've found our Mortgage and Real Estate Resource Center helpful and informative. We welcome all comments, critiques and suggestions please send emails to atlas atlastitle.net. Remember that whether your are buying a home or an office building, you are investing in real estate. As with all investments, the best investors are those who can gather the most knowledge, tools and resources. Regardless of whether you use our lending services, please spread the word about our resource center to anyone you know who may benefit from our site.
The solution a CDO, which is structured just like an RMBS, but instead of owning actual loans, it owns tranches of other asset-backed securities like RMBSs. As Table 12.2 shows, there are many different types of CDOs, just as there are many different types of asset-backed securities, because Wall Street securitizes many different types of debt not just mortgages, but also credit card debt, student loans, auto loans, corporate debt, commercial real estate, and so forth. Our analysis of MBIA will focus on CDOs that are comprised of tranches from RMBSs.
Commercial Real Estate Commercial Other real estate Total Commercial and Commercial Real Estate Commercial and Commercial Real Estate It 's difficult to estimate what the losses might be for Wells Fargo 's 356 billion of commercial and commercial real estate loans, which account for 41 percent of the company's total loan book. The only area for which the company provides meaningful disclosure is in commercial real estate and construction, where the original Wells Fargo had 68 billion in outstanding loans with a 0.55 percent annualized charge-off rate in Q4 2008, more than double the previous quarter's 0.27 percent and 8 times the 0.07 percent in Q4 2007. Wachovia's 70 billion portfolio was showing much greater stress, with a 5.92 percent annualized charge-off rate in Q4 2008, more than double the previous quarter's 2.64 percent and 5 times the 1.09 percent in Q4 2007. Commercial real estate, to which Wells Fargo has 103 billion of exposure, is going to be an enormous train wreck, but...
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