Commercial Loans, Cap Rates, and the “Quality” of Income
This is the perfect time to talk about the “quality” of income.  Real estate crashes seem to strike about every ten to fourteen years, and it has been thirteen years since the Great Recession.  If we were to have another commercial real estate crash, would...
Don’t You DARE Let Covid Steal Your Business!
If you’re a banker, you might be feeling the stress in the tightening CRE mortgage guidelines. If you’re a CRE broker, you might be feeling the stress of your clients struggling to find funding. We’re all busier than usual, so I’ll keep this short and to the point....
Commercial Loans, Golf Courses, and Cap Rates
This is a fascinating story of how using a cap rate allowed us to value and sell a foreclosed golf course, and it helped my private investors avoid a loss and actually make a profit. There are three methods of valuing income property – the cost approach, the...