Hello, here is some
information I thought might be useful for the investor. If you have comments or any information to
add please feel free to contact me.
Thank You
JW
818-353-9100
Preconstruction
8 Exciting Downtown Retirement Spots
Power Selling
Saving on Energy
The Big Boys
RESPA – What’s considered a kickback?
Due Diligence Checklist
Financing Commercial Property
FYI
Preconstruction
In a recent article in
“Property Investor Magazine” the question was asked “Is Preconstruction
Dead?” According to the article; before
the fall in home prices it was not uncommon for the small investor, to make
great returns in this investment vehicle.
Many contracts were even sold to other investors before title took
place. PIM stated that appreciation had
to be around 15 to 25% per year in order for these types of investments to
work. Making preconstruction in a
sellers’ market make sense.
According to this article if
the investor has to take title and can’t rent the property then they would have
to sell. Since the builder has built
several properties and sold to many investors this could mean that there will
be a rise in property sales for that area lowering appreciation even more.
In order for this type of
investment opportunity to work; property values would have to climb at
significant levels during the short build period. If you can find an area that has a high rate
of appreciation and a real need for many homes this scenario can work.
The good news is that real
estate appreciation is cyclical and for many areas os
the country, if you can hold a property that you purchased low you may make a
profit when the areas appreciation rate increases.
Retirement Spots
In the recent issue of “Where
to Retire” they gave a listing of the hottest cities to live in a downtown
area. www.wheretoretire.com
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There is also an article that
list the 10 ways seniors can avoid fraud when purchasing or looking for
retirement opportunities.
Power Selling
In the most recent issue of
Selling Power Magazine there are several great articles. Selling Power is a high quality FREE magazine
for the professionals. www.sellingpower.com
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How to manage
your sales team
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Sales Call
Success
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How to Sell
Yourself by Writing A Book
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How to Write Copy
and What is the
o
Best Sources of
Sales Leads
§
Telemarketing
§
Email
§
Direct Mail
§
Search Engine
o
Best Response
Rates per Sales Vehicle
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Email
§
Telemarketing
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Direct mail
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2-Dimensional
Mail
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Creativity
Lessons
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Risk is Good
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Diversity Creates
Strength
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Add-ons Creat Extra Wealth
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Make the
Impossible Happen
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How to Create a
Sales Process that is worth Duplicating
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How to get Sales Leads that Pay Off.
Saving on Energy
In the May issue of
Multi-Housing News there are a couple of articles on indoor air quality and
smart ways to control energy use. This
issue also has the 2007 product choice awards.
www.multi-housingnews.com
The Big Boys
One of my favorite magazines
is MFE Executive www.multifiamilyexecutive.com. It has great articles and has a great online
site.
RESPA – What’s considered a kickback?
A recent
article by the National Assoc. of Realtors spoke to RESPA issues to read this
article go to www.realtor.org/RMODaily.nsf/pages/News2007051602?OpenDocument
Due Diligence Checklist
When you have a property
under contract you may find that the difference between a good real estate
buying experience and a poor one is the due diligence you do before you
complete the purchase. Especially making
sure that your contract allows you the time to do complete whatever you have to
do before you purchase. Changing zoning
of a property to use it for something other than it is being used for currently
and many other details could take a considerable amount of time. Here is a short article with a some checklists.
http://www.creonline.com/articles/art-148.html.
http://www.zipperman.com/duediligence.html.
Financing Commercial Property
I rarely mention myself when
I send out information, but I do not want anyone to forget that I am a
commercial lender with Pathfinder Mortgage Corp. We have fancy offices in downtown
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What
can I lend on?
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Land (entitled or
not)
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Commercial
Industrial – We love ugly buildings with single owners and pretty buildings
with partnership entities.
o
Warehouses
o
Specialized
buildings, Motor Home Parks, Bowling Alleys, Spas etc…
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Office Buildings
of all sizes
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Multi-Family –
Apartments
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And just about
anything else you can think of that produces income.
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How
much can we lend?
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From $500K to
$100M.
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What
type of Lending?
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Bridge
o
Mezzanine
o
Hard Money
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Construction
o
Refinance
o
Acquisition
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Take Out Loans
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Etc…..
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What
type of Lenders do you represent?
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CMBS (Wall Street
Money)
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Life Insurance
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Banks (Local and
National)
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Private Equity
Because Pathfinder has long
term and deep relationships with many different types of lenders you are
assured the best rates at the best terms.
You are also assured that the team you are working with knows the
markets and has done your type of deal before.
You will get expert help at the best rates and we are friendly and open
to your particular needs.
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COMMERCIAL &
INDUSTRIAL REAL ESTATE |
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INSTITUTION |
INDEX |
MARGIN |
TERM/AMORT |
MAX LTV |
PREPYMT PENALTY |
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Conduit |
5 yr T-Bond |
95-150bp |
5/25, 5/30 |
80% |
Treasury Defeasance |
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Life |
5 yr T-Bond |
95-175bp |
5/25, 5/30 |
75% |
Yield Maintenance |
|
Bank |
5 yr T-Bond |
175-250bp |
5/25, 5/30 |
75% |
5,4,3,2,1 |
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Conduit |
10 yr T-Bond |
90-150bp |
10/25, 10/30 |
80% |
Treasury Defeasance |
|
Life |
10 yr T-Bond |
95-175bp |
10/25, 10/30 |
75% |
Yield Maintenance |
|
Bank |
10 yr T-Bond |
175-250bp |
10/25, 10/30 |
75% |
5 Year lock, 5,4,3,2,1 |
FYI
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The JV
opportunity for the storage unit facility is no longer available.
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If you are
interested in the foreclosure market or short sales here is a neat tip. If you know this one you will probably be mad
at me for sharing it here. For
"If all economists were laid end to end they would not reach
a conclusion." -
George Bernard Shaw
Hope you enjoy my ranting, but if you don’t please let me know and I will HAPPILY remove you from my list. I really only want to talk to friends and associates who want to talk to me.
Thank You
JW Najarian
818-353-9100