Do you think the collapse of the real estate market place is determinism (by design) or randomness (everything means nothing)? We can not deny that we have experienced a “bubble”. A bubble merely transfers a share of the future demand into the present. It’s linked with dramatic valuations and always debt funded. It is this [...]
22
May
2009
Financing Notes: Real Estate Is About Risk Shift
Tags: Appraisal, Assessor, banking, Banks, borrowers, Broker, CAP Rates, capitalization, Cohen Financial, collapse, Commercial Real Estate, decline, downturn, Economics, Economy, financing, Industrial, Jobs, MAI, mortgage, News, Office, PGP Valuation, Recession, Sales, sustainability, Sustainable, Unemployment, Valuation, Values
11
May
2009
Survival Tips For Real Estate Investors Seeking Capital In 2009
Tags: Banks, borrowers, Broker, Brokers, CAP Rates, capitalization, Cohen Financial, Commercial, Economy, expenses, financing, Leases, MAI, mortgage, News, Vacancy, Values
The dislocation in the commercial real estate capital markets that exists today in the second quarter of 2009 has frustrated users of capital and left them feeling hopeless. The small universe of debt and equity providers that are willing and able to provide capital today want to advance less loan dollars on your deal while also taking on less risk. Most of the time that means that it’s a deal you cannot make. Thankfully, after successive quarters of bad news, most of us are past the denial stage and are making attempts to exist in a broken market. The leverage being offered by capital providers today would make sense if cap rates were closer to double digits, but unless and until that market correction happens, there will be further frustrations as both borrowers and lenders are fighting to preserve their equity and maintain returns seen earlier in the decade. The following are some survival tips that could help your deal:
21
Apr
2009
Let’s Find Out What The Market Thinks About Self-Storage
Tags: Appraisal, Assessor, Banks, Cohen Financial, Commercial Real Estate, debt service coverage, james elmore, PGP Valuation, ratio, self storage industry, self storage properties, value ratios
How have the Capital markets affected lending for the self storage industry?
Like most other income property classes, with the exception of apartments, financing for self-storage properties has been hard hit with limited capital available in today’s market. Because of the management intensive nature of self-storage, lenders including banks and insurance companies who once were willing [...]
28
Jan
2009
GVA Williams Re-Brands as FirstService Williams
Tags: Broker, Cohen Financial, Colliers International, Commercial Real Estate, FirstService, GVA, NYC, PGP Valuation, PKF
On September 16, 2008, GVA Williams and FirstService Corporation (NASDAQ:FSRV; TSX:FSV) entered into a definitive agreement for FirstService to acquire an interest in the New York-based, full-service commercial real estate firm. The firm announced today that it will be renamed FirstService Williams.
The partnership with the FirstService Corporation not only lends global reach, but significantly enhances [...]