Articles About Commercial Real Estate
Find information about commercial real estate in our library of Articles, with information on finding, renting and improving office, retail, warehouse, restaurant and other commercial space. If you would like to submit an article, become a Rofo member!
Posted by: Leslie R.
Finding a building can be extremely challenging. Once you find it, you should consider whether renting or purchasing makes the most sense. As one of the nation’s leading SBA lenders, California Bank & Trust offers real estate financing expertise and can help you analyze this decision.
Experience the dedication of CB&T’s local bankers and benefit from:
* SBA Preferred Lender for expedited processing
* Loan decisions in days not weeks
* Business financing experts to help you through the process
Loan Programs At-a-Glance
SBA 7(a)
SBA 504
Conventional
As an example, finance your real estate or equipment purchase with 15% down payment and an 85% SBA loan, featuring variable interest rate based on the Prime Rate + spread.
- Up to $2,000,000
- Up to 25-year amortization
- Up to 85% financing
- No balloon payments
As an example, finance your real estate purchase with 10% down payment, a 50% bank loan and a 40% SBA loan, featuring a 20 year fixed rate.
- Up to $5,000,000
- Up to 25-year amortization
- Up to 90% financing
- No balloon payments
As an example, finance your real estate purchase with 25% down payment and a 75% bank loan. One popular program features a 10 year fixed rate and 25 year amortization - allowing for a low monthly payment.
- Up to $5,000,000
- Up to 25-year amortization
- Up to 75% financing
- Fixed or adjustable rate options
Get Started!
Initial Documentation To Gather for a Financial Package Evaluation
Businesses provide:
* 3 Years of Business Tax Returns starting with last full calendar year (ie. In 2008: 2007, 2006 and 2005)
* Current year Interim Business Balance Sheet and Income Statement
* Copy of monthly rental invoice
* Purchase Agreement
Business Owner(s) with 20% or greater ownership also provide:
* 3 Years of Personal Tax Returns starting with last full calendar year (ie. In 2008: 2007, 2006 and 2005)
* CALIFORNIA BANK & TRUST
Contact: Leslie Riddel, Vice President
Phone: 415-945-0450
Email: lriddel@calbt.com
Last updated: 12.16.2008 06:00 PM
Posted by: Ken D.
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Last updated: 12.16.2008 09:00 AM
Posted by: Dennis Terry T.
Date: November 5, 2008
Hi. Terry Trevino here. I've many many years of experience in the property business and am hoping to share that expertise with the local community. My consulting work has been varied and thorough. Either through an ownership interest or as a property manager or as a leasing director or as a development manager or the developer, I've have done it all. Feel free to drop me a note to chat about the market, get advice and allow me to help.
My opinion on the San Francisco commercial real estate market.... My view is most asset classes are in tight supply here in the City. There is, however, an abundance of large floor-plate A to B+ type commercial office space. And you are sure to find several owners relunctant to negotiate. From their point of view, those loan payments are pretty big, with the big prices that these assets were changing hands at. But small niche type spaces in better than average locations are hard to come by and be prepared to and expect to negotiate, lease rate, length of term, tenant improvements and pass through expenses.
This is exactly when you need a local expert to cover your $$$!
I currently represent a varied inventory of lease space and would be happy to see if there is a fit for your group/team.
Cheers,
Terry T
Last updated: 11.05.2008 12:05 PM
Posted by: Sean M.
The Urban Land Institute (ULI) recently polled over 700 real estate professionals to find out where are the best places to invest in real estate in the next year. San Francisco landed at the #2 best place, only beaten by Seattle! They note that "The City by the Bay learned from the tech crash of 2001 not to overbuild. There is a reasonable supply of office and apartment space, which should limit vacancies. San Francisco's port is also expected to help the city during the downturn as Americans continue to rely on Asian imports." This is great news because it shows that San Francisco is poised to recover from this economic downturn well ahead of many other cities.
As Seen on Forbes
Last updated: 10.30.2008 04:04 PM
Posted by: Garrett K.
It’s not just about location. Below are the common factors that influence a business's decision about where to locate:
1. Location, Location, Location: Not only a real estate adage, but a fact of life.
The location is usually described as the either the biggest benefit or biggest negative.
This includes both the neighborhood as well as the building’s location within the neighborhood.
2. Commute Patterns: Take a preliminary survey of your company’s thoughts on their current commutes.
Employees may consider quitting if the new commute increases significantly in time, or expense.
3. Amenities: What restaurants and coffee shops are available nearby? Being in an isolated office park can be a
very bad situation for the comfort of employees. At times in cannot be helped, but being in close proximity to the
amenities employees use during their lunch break can be a huge recruiting and productivity advantage.
4 Safety: What is the neighborhood like late in the evening? Have there been break-ins
in the neighborhood recently? Would an employee feel comfortable working in the building alone, or walking
to their car or public transportation after working late on a project? All of these issues should be considered
when considering your next location.
5. Layout/Quality of the Space: Is the space in good condition? Have the buidling systems been well maintained? Is it the optimal fit for your business? All of these things will effect your opinion of the space long term.
6. Image of the Building: The question depends on how you are trying to present yourself to your clients
and potential employees. If you are a law firm that caters to a large number of non-corporate clients, it might
not make sense to have the top floor of the nicest building in town. However; if you are the high powered corporate
firm, it might be absolutely necessary to display that image. The location, layout, and feel of your building and space
will leave an impression on your visitors and should be considered in your decision making process.
7. Parking/Public Transportation: The proximity to public transportation and affordable and convenient parking
are extremely important. The more transportation options the better.
8. Recruiting: Will your location and building aid or hamper you in your recruiting efforts for top talent.
How will the location affect current employees?
9. Expansion: Will your location allow for easy expansion? Is there space available nearby that can work if
there is not space within your building?
10. Building Ownership & Maintenance: Is the ownership local? Is the HVAC system consistently broken? Talk to
the other tenants. Your landlord’s involvement and attitude and responsiveness towards tenant repairs should be a
critical element of your building decision.
Last updated: 10.30.2008 11:00 AM
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