The self-storage industry is booming, while certain sectors of retail are struggling. The solution? Convert vacant retail to self-storage! Picture in your mind a 20-year-old Kmart or Walmart store, which is typically a 40,000- to 60,000-square-foot building on five acres of land. It’s set back on … [Read more...] about 3.5.19: Converting Vacant Retail to Self-Storage Is an Opportunity
2.2.16: What Is the Opportunity in “Formula Blue?”
In April 2015, InterContinental Hotels Group formalized Formula Blue, its latest Holiday Inn Express brand design prototype. With a design that puts sleep quality, simplicity, and ease of maintenance at the center of its concept, compliance with Formula Blue is mandatory for all future … [Read more...] about 2.2.16: What Is the Opportunity in “Formula Blue?”
4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
The Federal Housing Finance Agency (FHFA) has set a cap of $30 billion each in multifamily loan purchases for Fannie Mae and Freddie Mac for 2015. With both agencies off to a great start through the first quarter of 2015, the government-sponsored agencies could reach their respective caps well … [Read more...] about 4.17.15: Will Fannie/Freddie Multifamily Loan Limits Create Opportunity for CMBS
12.31.13: Conduit Loan Maturities in 2014 Present an Opportunity
Following the maturity of approximately $375 billion of commercial loans in 2013 held by CMBS trusts, banks, insurance companies and other financial institutions, Berkadia and Trepp estimate another $350 billion is coming due in 2014 and roughly $1.4 trillion in 2014-2017. The large amount of … [Read more...] about 12.31.13: Conduit Loan Maturities in 2014 Present an Opportunity
12.5.12: SBA 504 Program Still Best Opportunity for Owner-Occupied Purchases
The Small Business Administration's (SBA) 504 loan program provides long-term, fixed-rate financing for owner-occupied commercial real estate and for the purchase of long-term capital assets. SBA 504 loans are designed to cover up to 40% of a project's costs with a maximum of $5 million in funding; … [Read more...] about 12.5.12: SBA 504 Program Still Best Opportunity for Owner-Occupied Purchases
12.7.10: Self-Storage Presents an SBA Lending Opportunity
SBA loan guidelines were changed recently to allow self-storage, mini-storage and mini-warehouse businesses as an eligible business type. Previously self-storage facilities were only eligible if more than 50% of the business revenue came from sources other than monthly rents. The new SBA guidelines … [Read more...] about 12.7.10: Self-Storage Presents an SBA Lending Opportunity