Commercial real estate loans vary significantly from residential real estate loans. For one, whereas residential real estate loans are made out to the individual, commercial mortgages go to business owners. If you hope to finance commercial real estate, you would need to form a business entity before a real estate finance company would even consider you.
Additionally, commercial mortgages require collateral. Though commercial properties have huge potential to yield sizeable returns, they also pose a significant risk to lenders. To minimize this risk, lenders put a lien on the property. Shou...
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The Basics of Commercial Real Estate Financing and How To Select the Best Option for You
Wellness Amenities – A Radical Shift In The Real Estate Arena
Luxury real estate used to be measured by the square foot, but these days it’s what exists outside of your apartment that determines whether you live in a luxury community or not. The focus in real estate development has shifted towards the buzzword of the decade “wellness.” In the manner that wellness has become the measure of fitness, travel, and a general lifestyle, wellness is the measure of a real estate community. Developers are responding by creating wellness communities that foster physical, mental, and emotional wellness by offering a diverse multigenerational and income population ac...
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Ten Principles to Drive Effective Collaboration – Part 1
As companies become bigger and customers demand more from them. rapid growth poses a new challenge for seamless service delivery. This is where collaboration comes into the picture. Collaboration can be defined as two or more people working together to create or achieve the same thing and we often think of it as an activity stream where information passes from one department to another.
If you are only looking at this process from this angle however, you may expose your enterprise to the inherent risks of information overload and misinformation, which will eventually affect people outside t...
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3 Factors Influencing the Future of Real Estate Technology
From travel to entertainment to news, almost every industry has been disrupted by technology, save for one notable exception: The real estate sector. Technology has certainly changed the real estate industry, but for the better. Instead of causing industry professionals to fear for their jobs or eliminating the need for age-old processes, technology has streamlined existing processes and lead to improved efficiency. This is evident in the existence of sites such as Zillow/Trulia, Homes.com, and Realtor.com, all of which help individuals search for residential and commercial real estate better ...
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