January 2017 Archives

Capital availability to continue for commercial real estate

Lending trends indicate continued growth in commercial real estate markets, but legislative and political changes stand to impact developers and investors in Illinois and across the country. Increased activity has been driven by rising property values and low interest rates. New CMBS regulations may change the operations of some lenders, but lending appears to be strong in commercial real estate overall.

Tips for finding the right mortgage

Finding the right lender is similar to purchasing a car in that the terms and price might be negotiable. Obtaining quotes from several lending agencies, such as mortgage companies, commercial banks, credit unions and thrift institutions, is a good place to begin. An Illinois prospective borrower can then choose the best price and terms based on the information.

Technology takes aim at age-old CRE leasing challenges

Finding suitable commercial space to lease has long been a challenge for new or expanding businesses in Illinois and around the country. However, a number of innovative companies are taking advantage of the latest technology to make the process easier for both landlords and tenants. Signing a long-term lease only to find more suitable and affordable space available in a better location is the stuff of nightmares for business owners across the country. Two venture capital-fueled startups in New York City have introduced online platforms that could make this type of expensive mistake a relic of the past.

Developing a business plan

One important part of starting a new Illinois business is to develop a business plan. This type of document lays out the goals of the new venture as well as how it is expected to be run. It should include a variety of data, including plans for becoming profitable, marketing strategies and an analysis of cash flow.

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