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Why Do Commercial Real Estate Loans Have Balloon Payments?

What is a Balloon Payment? A balloon payment is a large lump sum due at the end of a loan's term, significantly larger than the regular monthly payments made during the loan period. This structure allows for lower monthly payments, making it an attractive option for many borrowers.  Commercial balloon loans usually span three to ten years or more, though monthly payments...

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Selling Your Commercial Property: Tenant Occupied vs. Vacant

Commercial property owners and investors often find themselves weighing the decision to sell their rental properties. Evaluating your portfolio during shifting market conditions is important to maximize returns on your investments. But one question that comes up frequently during this process is whether to sell your property while it’s tenant occupied, or wait until it's vacant. Selling Occupied Properties Selling a property...

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What Commercial Real Estate Makes the Most Money?

Commercial Real Estate is a broad industry that covers a lot of asset classes and property types. Many people are interested in knowing what commercial properties are the most profitable. Understanding the reasons why certain sectors perform higher than others can help support your success in an ever-fluctuating market. Here are some of the property types that perform well and...

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How to Determine Current Market Lease Rates Per Square Foot in Commercial Real Estate

Understanding the market lease rates allows both landlords and tenants to make well-informed decisions when it comes to leasing commercial properties in your market. On the subreddit r/CommercialRealEstate, users discussed the best approach to determining these numbers.  Here are some of the tools and methods to get the numbers right. Engage with Brokers for Insider Knowledge One of the most reliable ways...

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The Best Websites to Find Commercial Land for Sale

If you’re looking to develop or invest in commercial land, it’s great to have access to reliable and comprehensive listings. On the subreddit r/realestateinvesting, user fasteddy7283 asked for recommendations for the best online resource or tool to buy land in the United States. These are some of the top websites where you can find commercial land for sale online. 1. Crexi Crexi...

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What is a Modified Gross Lease?

A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...

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Are Churches Considered Commercial or Residential Property?

In the commercial real estate world, It is important to understand the classification of various properties. This is especially true for unique properties like churches, which serve specific purposes and hold special places in communities. A common question that arises is whether churches are considered commercial or residential properties. The Classification of Churches in Real Estate Churches are generally classified as commercial...

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What could be better than $20,000?

What could be better than $20,000? Some might say, being immortalized in the form of your photo on the Wall of Fame in every single ELIFIN® office for all of eternity. Here’s a pic of, Cole Brewton, the winner of our previously largest prize of $8,500. The winner of this $20,000 round will get their picture in a golden frame.    ...

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Why are we giving $20,000 to one of our agents?

The values of a company are often reflected in its incentives. At ELIFIN®, our decision to award $20,000 to the agent with the most prospects speaks volumes about our priorities. For us at ELIFIN®, giving $20,000 to one of our agents – specifically, the one who prospects the most – communicates a great deal about our company and what we hold...

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We’re giving one of our agents $20,000

As CRE Agents, prospecting is a major part of our business.  A great CRE agent is continually planting seeds and building relationships with buyers, tenants, and owners within their specialty.  For sellers and landlords, hiring a brokerage firm that consistently and proactively prospects can be the difference from their property sitting on the market for years, or being sold / leased...

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