| One of the signs of the times that | | | | year, there is an increase in the |
| indicates how any nation's economy is | | | | overall amount of activity in commercial |
| doing can often be determined by how | | | | real estate lending. This shows a growth |
| well businesses are expanding in real | | | | of about 0.8 percent that is expected in |
| estate. Right now, there is a continued | | | | the third quarter of 2007, according to |
| expansion of commercial real estate and | | | | the National Association of Realtors. |
| loans for these new projects. The | | | | Over the last few years, commercial real |
| current commercial real estate lending | | | | estate lending has shown a strong |
| trends indicate that now is a good time | | | | increase. The Federal Reserve |
| to expand your business with a building | | | | (Philadelphia) indicates that large |
| program or new land purchase. While the | | | | mortgage lenders have gone from about |
| housing market has certainly taken a | | | | 150% of loans (compared to |
| real dip, and has hurt the sub prime | | | | non-commercial) back in the 1990's, to |
| lenders in particular, commercial | | | | over 300% last year. The number of |
| lending goes on. Many new projects, | | | | commercial real estate loans is |
| especially in the income producing | | | | increasing and lenders are continuing to |
| properties realm, is seeing solid | | | | offer excellent interest rates. The |
| expansion. This includes the | | | | market has begun to show a slight |
| construction of office parks and | | | | decrease in recent days, but for right |
| buildings, multi-family dwellings, | | | | now, the rates needed to expand business |
| hotels, and other general land | | | | could not be much better. The |
| development programs. One particular | | | | qualifications needed to get such a loan |
| market that has held up its own is | | | | also could not be much softer than they |
| office rentals. The demand for office | | | | are right now, too. Seeing this kind of |
| space - even at increased rent values - | | | | commercial real estate trend, and the |
| has grown. This is especially true in | | | | market's favor for this kind of loan, |
| New York City (Manhattan), and some | | | | you also may be able to benefit greatly |
| other large cities, too. This means that | | | | by investing now in a new building |
| the available office rental space has | | | | project or land development program. |
| actually decreased as office space is | | | | Check on availability of office space |
| being filled - much to the owner's | | | | (in particular) in the area, find out |
| delight. In New York City, office space | | | | how fast it is being secured by new |
| is being grabbed up - even though the | | | | businesses, and if it is in demand, be |
| rent has risen to nearly $70 per square | | | | ready to move on the opportunity. Scope |
| foot. A few other cities, however, | | | | out possible land available, or existing |
| still show a slow office rent market. In | | | | structures that can easily be renovated |
| fact, much office space remains | | | | into office space, get your paperwork in |
| unoccupied. In those cities, though, | | | | order, and talk to a commercial lender |
| where office space is in demand, the | | | | about your goals before someone beats |
| number of office buildings and office | | | | you to it. Now is the best time for |
| parks are certainly on the rise, as | | | | action on this kind of opportunity, |
| developers rush to fill in the gap. | | | | while commercial loans are still |
| Commercial lenders are also seeing the | | | | available at great terms. |
| need and providing the necessary bridge | | | | Please visit SNC Commercial Loans. You |
| loans and commercial loans for these | | | | can also find more information on direct |
| massive projects. When compared to last | | | | lending. |