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Ensure a Smooth Refinance: Tips for Quick Loan Closings
A quick, smooth loan closing begins before you reach out to a lender. It’s made possible by understanding the type of documentation lenders look for, and when, and in which format, they need to receive it. The type of property being financed will influence key documents; however, the following are items that are consistent across…
Read MoreUnderstanding the Structure and Benefits of CMBS Loans
CMBS loans have become popular in 2024 as regional and local banks have slowed or halted new loan production. For those that aren’t as familiar with the CMBS product, the loans are heavily structured and largely originated by lenders with little to no customer relationship. The loans are quickly sliced, diced, pooled and converted into…
Read MoreActions By The Fed Do not Singularly Determine Commercial Real Estate Interest Rates
While the Fed is an important driver in the economy, it isn’t the only factor that shapes long-term interest rates for commercial real estate. We saw interest rates move independently of the Fed’s actions in the year 2000. At that time, the Fed had abandoned their two year fight against inflation and turned on its…
Read MoreWe all could use an extra $800,000
Santa came early for some commercial real estate owners who locked a rate in the past week. The 10YR US Treasury yields dipped then rallied last week, declining to 4.11% before bouncing back to current levels near 4.25%. Is this dip and then increase back to the prior week’s levels a sign of a…
Read MoreCRE Owners Catch a Break
This past week, commercial real estate owners caught a huge break. The 10YR treasury yields fell almost 0.30% throughout the week, and are 0.80% lower than their high of ~5.00% in mid October. Not even Friday’s comments by Fed Chair Powell that “rate cuts are premature” stopped yields from falling. Short term yields (1MO…
Read MoreMarket Spotlight Portland, OR
Portland, OR is a PLUM market due to its sustainability initiatives, diversified job market, and relative affordability compared to other west coast cities. The industrial market in Portland has been the city’s top-performing sector over the past three years, with asking rents up approximately 25% from pre-COVID levels. Click Here to Download Full Market…
Read MoreMarket Spotlight Pittsburgh, PA
Pittsburgh, PA, is a PLUM SELECT 80 market due to its storied industrial history. Pittsburgh is widely known as Steel City, due to the long-standing presence and history of steel manufacturers, with US Steel still headquartered in the city. Forbes recently named it the best housing market for Baby Boomers. In addition, Pittsburgh has a long…
Read MoreMarket Spotlight Jacksonville, FL
Jacksonville, FL, is a PLUM SELECT 80 market due to its low unemployment rate, strong population growth, and diversified employment base. According to Global Trade Magazine, Jacksonville has been named as one of the best cities for logistics infrastructure due to its two deep-water ports, three major interstates, major railways, and an international airport…
Read MoreMarket Spotlight Nashville, TN
Nashville is a PLUM SELECT 80 market due to its dynamic population growth, access to prestigious college institutions, bustling hospitality sector, and business-friendly environment. Hospitality development is surging to keep up with demand from tourism. There are currently 3,700 new hotel rooms currently underway in Nashville. Recently Nashville was ranked as the #1 city…
Read MoreMarket Spotlight Cincinnati, OH
Cincinnati is a PLUM SELECT 80 market due to its youthful population, favorable tax climate, and robust manufacturing industry. The office sector has returned to positive ground after a negative 2020 and 2021 due to the COVID-19 pandemic. The industrial sector was recently ranked as the #1 city to buy industrial property in the…
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