Golf Course (home equity loans) Loans
No commentsBy Garrett36 Pierson36
Among the most problematic commercial finance situations for business borrowers is specialized commercial real estate. Substantial challenges for commercial refinancing and acquisitions are typical for golf course loans.
Because fewer lenders are currently offering competitive business finance terms, this is a further obstacle for an already difficult golf course business loan environment. There are fewer regional and local banks offering golf course financing compared to a few months ago. Other specialized property financing such as funeral home loans is also experiencing similar difficulties.
When they are willing to provide commercial loans, regional and local banks will probably offer short-term business financing instead of a long-term business loan for golf course financing. Another key term that can vary significantly is the percentage of value for the commercial financing. When buying or refinancing a golf course, it is of critical importance to avoid undesirable commercial loan terms, especially commercial mortgage loan conditions involving length of loan and percentage of value.
As noted above, golf course mortgages involve several problems not found in most commercial loan situations. It is likely to be more complicated than the acquisition business financing when the primary goal is business refinancing for golf course financing. The commercial real estate loan value is often less than the business value for golf course business loans. The problem with this disparity is that many business lenders will provide a business loan that includes only the commercial mortgage loan value, and this will produce significantly reduced business financing.
Business owners should be prepared for reasonable business financing fees during the beginning of the business loan process for golf course financing. Many business lenders have used the reduced alternatives for golf course acquisition, building and refinancing to take advantage of business owners. A common tactic is to charge excessive fees of $25,000 and more even if the commercial financing is not finished.
For this specialized business loan category, availability of adequate lenders has shrunk. A viable commercial mortgage for golf course mortgages will depend upon a prudent choice involving the lender. It is critical to select a lender with the ability to successfully complete the complex business loan process and at the same time avoid the commercial mortgage obstacles described earlier.
In complex commercial loan financing, the use of a small business financing expert should be conducive to a better understanding of difficulties to anticipate. The use of preliminary business consulting should be helpful in obtaining better terms and avoiding serious problems since golf course business loans are among the more difficult business finance transactions that a commercial borrower is likely to encounter.
Steve Bush provides commercial mortgages and business financing help at http://www.squidoo.com/commercial-mortgage-loans
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The First Impression Factor in Real Estate
By Luat Tran Van
The first impression factor in real estate is a big deal maker. Many times the first impression is more influential than a detailed analysis of the home. We’ve all heard of ‘love at first site’. We know it’s just a saying, but beneath a lot of so-called ’sayings’ is a morsel of truth. People work from emotions a lot of the time. Either consciously or sub-consciously, we get an impression about things that trigger either positive or negative feelings inside us.
When you take on the role of seller, you have to understand the importance of first impressions. If the buyer gets a bad first impression, your chances of selling are diminished by a big margin. There are a few places where you can improve the first impressions of your home, and it’s a profitable exercise for you:
The first and most obvious area is the day that the potential buyer actually visits the home to see it firsthand. As soon as they drive up your street they begin to form their first impression. Because if they buy, they’ll be driving up this same street. They not only look at the home you’re selling, but at the homes around it. That’s why neighbors are so important to home value. Your home should rate among the top ones that exist in that neighborhood, unless your settling for a low purchase price.
Some things you should do before the home visit is remove dead plants, rake leaves, cut grass, and generally clean up the home area. The driveway is one of the biggest points of first impression. If they feel good about pulling into your driveway, it will set a great tone for the rest of the home. Just put yourself in the buyer’s shoes, and think about what you’d like to encounter if it was you.
One area that some don’t think about right off lies with the pictures you take for advertising your home. These pictures need to be top quality and professional. In today’s internet world, so much of the home shopping gets done on the web. If your home is listed there, it needs to be presented as good as it can be. And you should be able to give the searcher as many different looks as they can get, so they feel from their search that they truly know what the home looks like.
When you try to figure out the asking price for your home, don’t be backward about asking friends. And don’t be quickly offended by friendly criticism. Just take it as it is and know that different people react differently to certain situations. And this is how it will go with prospective buyers. So listen with an open mind, and see if you can improve anything to change any negative feedback.
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Hardwood Flooring and Apartments
By Carrol Wagner
You’re about to get your own apartment. You’re starting to imagine a life of independence, of mini parties til the late night, and of, well, basically, parent-less living. But getting your own apartment doesn’t instantly mean that you’re off the hook.
If you’ve moved into an unfurnished unit, you are most likely compelled to make the necessary structural repairs. What kind of furniture would you want to put in? Should you set up a home office? Should you install a chandelier? Do you want to cover up that drab looking concrete floor with hardwood flooring? Should you retile the bathroom? There are so many questions you need to answer.
If you’ve decide to use hardwood flooring for your new apartment, then you have to prepare yourself for a considerable expense. Before you back off at the concept of spending a significant amount for just your floor, realize that nothing beats the natural feel of having a hardwood floor. Also, if you’re considering staying in your apartment for quite a while, then you would greatly benefit from having a hardwood floor.
There are special hardwood floors in the market that are deliberately distressed to give off that unique look. A distressed hardwood flooring for your apartment could be a great conversational piece.
Of course, if you’re after convenience, it would do you well to buy prefinished hardwood floors to spare you from the hassle of having to sand it, wax it, apply finishings and stains. Installing unfinished hardwood floors can also be more expensive when the final bill comes.
Surely you want your apartment to look fab when your friends and parents come over to visit, and hardwood floors will definitely afford you all positive praises. Just be sure to properly care for and maintain it so it doesn’t become a waste of your investment. Hardwood comes from trees, and trees are organic. If you don’t take care of your flooring, then all your expenses will be for naught.
Visit the Gardening Central website to learn about artichoke plants, astilbe chinensis and other information.
Tuesday, September 29th, 2009 at 3:22 pm and is filed under realestate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
