Comments for Tampa Commercial Real Estate | Florida Commercial Property

Comment on Creative Commercial Real Estate Financing for Small Business Owners #cre by Eric Odum

Eric Odum — Sat, 26 Jun 2010 02:28:59 +0000

Hey Merril, thank you for the commentary. Merril is from the National Association of Development Companies, a trade association certified by the Small Business Administration to provide financing for small businesses through the 504 program.

Comment on Creative Commercial Real Estate Financing for Small Business Owners #cre by Scott Jacobsen

Scott Jacobsen — Thu, 24 Jun 2010 13:59:46 +0000

Thanks, Merrill. Oversight on my part. You are correct on the Bank piece at 50%, SBA at 40%, and borrower at 10%.

I should have also mentioned that there is a proposal floating around in Congress to extend this program to refinancing existing owner occupied properties up to 90% of the current market value. This program is designed to help small businesses avoid foreclosure in those instances where there is little to no equity in the property.

Comment on Creative Commercial Real Estate Financing for Small Business Owners #cre by Merril Ferber

Merril Ferber — Thu, 24 Jun 2010 11:57:21 +0000

It’s great to see some publicity on the SBA 504 Loan Program! It’s definitely a loan that many small business owners who are looking to purchase their facilities could benefit from.

One correction I would point out – the bank loan portion is always 50% and the SBA guaranteed 504 loan is typically 40% with the borrower coming up with a 10% down payment.

Check out our website at http://www.nadco.org for all the details on the 504 loan program.

Comment on Creative Commercial Real Estate Financing for Small Business Owners #cre by David Repka

David Repka — Wed, 23 Jun 2010 20:46:01 +0000

Congratulations on your clear and concise presentation on this topic. SBA financing is a wonderful tool that needs to be considered for small and family held companies seeking high leverage financing to acquire their own place of business. In a world where 65% financing for investors is considered “high leverage” 90% financing for owner occupied properties is fantastic!

Comment on Quick Flip for Brookfield on Chase BankCard Building in Tampa by Interesting Facts About Florida Real Estate And Short Sales Market | Jacksonville Homes for sale, Jacksonville Real Estate, Jacksonville Florida Real Estate, Jacksonville Fl Real Estate.

Thu, 03 Jun 2010 19:05:39 +0000

[...] Quick Flip for Brookfield on Chase BankCard Building in Tampa | Tampa Commercial Real Estate | Flori… [...]

Comment on Commercial Property Transactions of Note in Hillsborough County, Florida by Quick Flip for Brookfield on Chase BankCard Building in Tampa | Tampa Commercial Real Estate | Florida Commercial Property

Thu, 03 Jun 2010 14:46:42 +0000

[...] reported on the original building sale in the Westshore SubMarket of Tampa earlier this year. Comments (0) Trackbacks (0) Leave a comment [...]

Comment on University of Florida’s Bergstrom Center Says #Florida Real Estate Market Has Bottomed #CRE by Net Lease

Net Lease — Wed, 26 May 2010 20:49:31 +0000

I hope this is true, that we are at the bottom. It appears there are large cash reserves waiting to buy up some Commercial Real Estate. The Tampa Bay & St Petersburg area is ripe.

Comment on Distressed Bank Notes and REO’s in Florida by LP

LP — Thu, 20 May 2010 04:07:26 +0000

Hi,

We are a Group of private real estate investors.
We are cash buyers.
We are looking to buy good investment opportunities in South Florida ( Notes, REOs, Bulk, Distressed properties, Condo conversion, etc)

Best Regards,

LP
floridainvesting@ymail.com

Comment on Florida Immigration Attorney Chimes in on US Visas for Real Estate Investors by Terrence

Terrence — Mon, 10 May 2010 19:45:18 +0000

@Phillipe
I had thought the program was going to see some changes as well. I heard they were going to reduce the minimum investment, and change some of the job requirements. I think, however, those changes have been implemented into the Startup Visa, which will officially be known as the Eb6 visa.

Comment on Thoughts from a Recent Meeting on Distressed Commercial Real Estate Assets by Eric Odum

Eric Odum — Sat, 24 Apr 2010 02:55:56 +0000

Hi Mark,

Thanks for the comment. While neither defending nor admonishing Sharpe’s rail initiative, his public stance is that he has been involved in some business development issues in the recent past and Tampa has been given low marks due to a lack of adequate public transportation. He feels the lack of light rail has cost the area significant opportunities. He cites World Cup, Olympic, Super Bowl, Republican National Convention and various company relocation efforts. Some of that negative commentary has been echoed publicly by officials. In other instances, you would have to take the word of Mr Sharpe, if you were to accept the criticisms as authentic.