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Special Purpose Properties!
It is becoming increasingly difficult to get commercial loans for special purpose properties. Properties that do not fall in the categories of apartments or retail/office buildings are often placed in this special purpose classification. This means that business acquisition loans for commercial properties such as restaurants/bars and auto service businesses are frequently hard to find. Commercial financing will be even more difficult to locate for such specialized properties as churches, funeral homes, nursing homes and assisted living facilities.
Higher Cap Rates, Lower Property Values Not a Foregone Outcome from Interest Rate Hike
– costar.com/News
In addition, today’s rate increase is not expected to be the last we see this year…
Wenner sells US Weekly to National Enquirer publisher
– rss.cnn.com
6 reasons tax reform may not happen this year
– rss.cnn.com
Recent outlooks cite several sources for continued demand in the warehouse/distribution sector, including healthy-enough consumer spending, growing demand for ecommerce space, and dare we mention it, demand from the growing medical…