Closing costs are a crucial aspect of any commercial real estate transaction. While buyers typically shoulder the majority of these expenses, sellers should also be aware of their financial responsibilities. What Are Closing Costs? Closing costs are the fees and expenses associated with finalizing a real estate transaction. For sellers, these costs can include prorated property taxes, mortgage cancellation fees, and various...
Understanding the Impact of Insurance Rates on Multi-Family Investments Navigating the world of multi-family investments requires a keen understanding of various market dynamics. High insurance rates can eat into your profits, making it harder to cash flow. This issue affects regions differently based on current circumstances and trends in the market. We spoke with Keagan Finley, ELIFIN Senior Vice President in...
The July 1, 2024 issue covers ten commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: Sunrise Apartments LLC, California-based investors, bought the Chipotle property on Siegen Lane. Retail led the week with three of the ten sales, including the Griffith Veterinary Center in Prairieville, bought by O'Reilly Automotive Stores, while Bourgeois Freel Plastic Surgery...
The July 1, 2024 issue covers thirteen commercial sales recorded across New Orleans and surrounding markets the previous week. The headline deal: 1544 MANHATTAN HOLDINGS LLC bought a former Walgreens drug store property at 1544 Manhattan Boulevard in Harvey. Retail led the week with seven of the thirteen sales, including KEESLER FEDERAL CREDIT UNION's purchase of a retail property with...
The July 1, 2024 issue covers four commercial sales recorded across Lafayette the previous week. The headline deal: DVS PROPERTY MANAGEMENT LLC bought an office condominium unit in Beaullieu Square on Beaullieu Drive. Each of the four sales was a different property type, including a commercial property on West Pine Street near Castille Avenue that sold and a little over...
Getting a new loan for a commercial property can be complicated and time-consuming. Figuring the finances can make or break a deal, especially with interest rates on the rise. There are some loans, however, with considerably lower interest rates for the current market: Assumable Loans. What is an Assumable Loan? We sat down with Mark Segalla, a partner at ELIFIN specializing in...
Even for established investors and property owners, expanding your commercial real estate portfolio often demands financial resources that surpass personal reserves. The high costs of acquiring and developing properties like office buildings, shopping malls, and warehouses are substantial, and without adequate financial backing, your plans to scale and diversify can hit a wall. You don’t want to miss out on great...
Selling your commercial property can be overwhelming and time-consuming, especially if you're not sure where to start or how to handle the complexities of the market. Picture this: You’ve decided to sell your commercial property and you want to make sure you get the best deal, but you’re not sure how to know if you are. There’s a way to sidestep...
Cryptocurrencies, like Bitcoin & Ethereum, are becoming more popular, and some property owners are wondering if they should accept it for rental payments. This idea has a lot of appeal: it’s flexible, may offer lower fees, and it’s trendy and cutting-edge. On the surface, crypto is attractive - but it comes with uncertainties and risks that could turn your rental...
The June 24, 2024 issue covers seven commercial sales recorded across Baton Rouge and Ascension the previous week. The headline deal: Keystone Square LLC, a local developer, bought over 250 acres of land zoned commercial and rural on Old Scenic Highway just outside Baker. Land led the week with three of the seven sales, including 5+ acres off Jefferson Highway...
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