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Debt Service Coverage Ratio!The most flexible approach to Debt Service Coverage Ratio for a commercial property loan will require a Debt Service Coverage Ratio in the range of 1 to 1.2, with exceptions permitting a Debt Service Coverage Ratio less than 1.
It is not unusual to encounter a minimum commercial real estate loan requirement of $500,000 to $1,000,000.
Many traditional banks require three to nine months to close a commercial mortgage. A more action-oriented commercial lender will close commercial real estate loans in 45 to 60 days.
Malkin Edges Closer to Empire State Building IPO
– costar.com/News
After turning down multiple offers from potential buyers for the iconic Empire State Building, including a high bid of $1.4 billion, Malkin Holdings has decided to press forward with plans for an initial public offering of 71.5 million shares of common stock to convert ownership of the Manhattan office tower and several other properties into a publicly traded REIT…
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Renter household formation has outpaced owner household growth during the past few years, spurring a huge increase in multifamily property sales and new construction.Despite the boom in multifamily sales and development, Freddie Mac’s latest Economic and Housing Market Outlook found that residential property values “remain consistent with fundamental economic forces in the housing market,” and that the rate of appreciation for multifamily property…
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When McCourt Partners said it was buying its first major development site in New York, there was a bit of angst in the brokerage community over what was missing from the deal: a broker collecting a big commission.
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New York is enjoying a period of recognition that lobbies aren’t merely access corridors but the public faces of commercial structures, the sole spot that any visitor and every employee encounters in any office building.
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