Real Estate Market - Financing

For those of you that are contemplating purchasing a building for your business, now is the time to get it done. Pricing on existing buildings is starting to trend upward, I know that many of you have seen in the press the "distressed property" hype, but you can forget about finding a distressed piece of property, the real question is what exactly qualifies a property as being distressed.

The bank regulators favor owner-occupied commercial real estate, the bankers are not raked over the coals for making a loan on owner-occupied real estate. I have noticed that the banks are starting to get competitive to get these loans. You can expect to see rates ranging from the 4% range up to 6% depending on the project and your financial strength.

i expect to see sale prices move upward for the remainder of the year. While there are buildings available out there for sale, the inventory is limited to a great extent compared to normal market conditions.