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