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...
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...
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...
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...
The June 10, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $2.23M in disclosed volume. The headline deal: 3328 AMBASSADOR CAFFERY LLC paid $1.15M ($547.62/SF) for the KFC fast food property on Ambassador Caffery Parkway near Johnston Street. Retail led the week with three of the five sales, including a retail store next to Hub...
The June 10, 2024 issue covers fifteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $23.2M in disclosed volume. The headline deal: Haltere Fund VI, LLC, the California-based Haltere Group, paid $9.33M ($70,644/unit) for the Arbors on the Lake apartment complex at 10500 Hayne Boulevard. Retail led the week with six of the fifteen sales,...
The June 10, 2024 issue covers two commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.15M in disclosed volume. The headline deal: GLP Capital, LP, Gaming & Leisure Properties, paid $1.47M ($139.62/SF) for a building in the Belle of Baton Rouge complex on Mayflower Street downtown. The week's other sale was a set of office buildings...
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...
The June 3, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $4M in disclosed volume. The headline deal: PATHWAY CHURCH INC paid $1.83M ($146.46/SF) for the property it occupies on Southcity Parkway. Multifamily led the week with two of the five sales, an 18-unit property in Scott bought by CASTLE ROW LLC for $1.09M and...
The June 3, 2024 issue covers eight commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.41M in disclosed volume. The headline deal: PG REALTY PRO LLC, a local entrepreneur, paid $4.1M ($53,947/unit) for the Gilmore Park Apartments at 1315 Southlawn Boulevard near Delgado Community College on the West Bank. Retail and office led the week...
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