There are several reasons for wanting to refinance a commercial mortgage on commercial real estate. Securing the best financing and the right financing is important, so it is necessary to be familiar with the options available.
A lot of thought can go into a successful commercial real estate transaction. In Baton Rouge, 725,000 square feet of retail and office space recently went up for sale. A total of 4,000 employees work for various tenants in the center. Tenants include insurance companies and businesses such as construction companies, mortgage companies, engineering firms, a technology incubator and a communications company that owns its property at the center of the complex and others. The center has maintained 80 percent occupancy for the past 10 years.
There are different methods of financing business, real estate and other growth opportunities for your company. You may have heard of venture capital as a method of financing but may be unsure exactly what it is. Venture capital is a type of equity-based financing that may be best for entrepreneurs starting out a business. Venture capital can help start-up businesses that may be unable to obtain traditional financing, such as financing from banks and public markets, because of their size, assets or nascent stage of development.
The owners of an old restaurant building in Baton Rouge are seeking to have the property re-zoned. The property is currently zoned for light commercial use. The owners of the property are seeking to have it re-zoned as a restaurant with alcohol sales. The owners stated that if the property is re-zoned, they will have greater opportunities to rebrand it. A representative for the real estate company that owns the building noted that the ability to sell alcohol expands the potential uses for the property and opens it up to a greater number of business concepts.
Commercial real estate transactions can be unpredictable and complex. A measure of predictability may be possible when the process is well understood and guided. When a real estate transaction escalates to a dispute, which may also sometimes be the case, it may be possible to negotiate a resolution, however, sometimes litigation may be necessary to resolve the dispute.
The contract negotiation process can be challenging but it is an important process that can impact the success of contractual relationship and a business. Understanding how to negotiate contracts can help create a positive approach to the process and achieve a positive outcome--a contract that is good for the business and guides important business relationships.
Real estate transactions can present exiting growth opportunities for companies, businesses and investors. A group of Louisiana investors recently purchased an apartment building for nearly $1.8 million. The investors purchased the Baton Rouge apartment complex from an out-of-state company. The apartment complex has 68 units, including one and two-bedroom units. A party involved in the deal noted there is significant redevelopment in the area and other properties may also change hands. The East Baton Rouge Redevelopment Authority is also involved in projects in the area.
Commercial real estate development can provide opportunities for communities and businesses. An investment group recently purchased a piece of land, a little over an acre in size, in Baton Rouge. The group plans to build an urgent care clinic.
Zoning laws are an important part of the commercial real estate process. Each zoning category corresponds with the intended use of the property. Real estate may be zoned as residential, commercial, industrial or for office use in residential or businesses districts. You may, however, have wondered if zoning regulations can be modified and how the re-zoning process works if you are interested in a property but need it to be zoned for a different use than how it is currently zoned.
When making a commercial real estate acquisition, starting a new business or exploring a business growth opportunity, funding those ventures may be an understandable concern. It is important to understand funding options and one possible source of funding is asset-based lending. In the most basic sense, asset-based loans are based on assets which serve as collateral for the loan. Assets typically include accounts receivable and inventory.