Foreclosure proceedings on a commercial property tend to work in the same way as residential properties, but the stakes are often much higher. Losing a commercial investment to foreclosure could have a detrimental impact on your entire business, therefore you must take early action to gain a comprehensive understanding of your options.
A San Antonio developer who owned a lot adjacent to the historic East Side's Hays Street bridge will get another parcel a mile away. The city will convert his original one into a park. This is what the City of San Antonio council members decided during a public community meeting that was held on June 13.
Investing in commercial real estate can be a risky undertaking because typically there are high monetary assets at stake. If you are struggling to keep on top of your loan repayments that are tied to commercial real estate property, it is likely that you are worried about the threat of foreclosure in the future.
If you are looking for a retail space in which to operate your business from, it might feel overwhelming to start to think about negotiating a lease. The terms held within a lease can be very complex, and they may have the potential to affect the workings of your business for years to come.
Perhaps you're starting a new business and need an office location for your employees. Perhaps you have an existing business and need to expand into a bigger store location.
The decision to enter the real estate market is never easy. There are so many things that can go wrong, especially when you are trying to purchase a piece of commercial property. There are various reasons to purchase a commercial property, including finding space for your business or to rent it to others for some income. Let's look at the considerations you need to make when buying commercial property in Texas.
The San Antonio International Airport is set to benefit from a $25 million redevelopment plan. A real estate firm from Colorado will carry out the project which will update the Hawker Beechcraft Services' aircraft maintenance area of the airport. The facility, which has been closed since 2012, is located off John Cape Road.
Commercial real estate mortgage lenders use loan-to-value ratios (or LTVs) to determine the value of the loan compared to how much a particular property costs. Lenders will calculate LTVs as a division of the loan amount over the purchase price or the property's appraisal value, whichever is smaller.
There are advantages and disadvantages to consider when deciding whether to lease or buy a piece of commercial property for your business. In this article, we'll examine the various conditions that -- when they exist -- you may want to consider going the route of leasing.
Before you purchase a piece of commercial real estate, you need to determine what you're going to do with the property and make sure that the property is zoned appropriately to serve its intended function. In fact, it's not unheard of for a commercial property investor to buy a building, but later find out that he or she can't use it due to improper zoning.