Here is vary insightful video on the growing concerns on the Commercial Real Estate Finance industry.
Commercial Real Estate's Impeding Doom - Bloomberg
http://www.youtube.com/watch?v=RVYK2_NBI9E&feature=related
Saturday, September 5, 2009
Thursday, September 3, 2009
New Investment Listing!
The Abound Solar building is a freestanding industrial facility strategically located just north of Denver, Colorado along Interstate 25. Originally built for Applied Films Corporation in 1998, this Class A Manufacturing Facility was leased to Abound Solar in 2008.
Purchase Price: $10,500,000 ($83.17/SF)
Investment Values: 8.2% CAP; 20% Leveraged IRR; 17% Initial Cash-on-Cash
Seller Financing: The Seller, First Industrial L.P., would consider financing the disposition of this asset for a qualified investor at attractive terms.
Property Size: Building – 126,385 SF; Site – 7.66 Acres
NNN Lease Term: April 1, 2008 - October 31, 2015
Property Features: Facility upgrades include Heavy Power, Chilled Water System, 100% Temperature Controlled Space, Upgraded Lighting and a Compressed Air System.
CMBS Loans Coming Due
Finally Congress is getting concerned with the CMBS market and the $150B in Commercial Real Estate loans coming due in 2012! Click here for today's GlobeSt.com article: http://ow.ly/nV4a
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