To: driftdiver
"Unless you have significant collateral you can forget a business loan." Yes
The value of commercial real estate is heavily dependent on its stabilized cash flow, i.e., how much net income the property makes.
A lot of properties out there that made very good sense and had conservative loans on them have so dropped in value that they do not work with the current loans they have.
8 posted on
02/14/2010 5:05:05 AM PST by
Jimmy Valentine
(DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
To: Jimmy Valentine
I’m looking for office space right now. Negotiating is down to which office will give me the most free rent. Had one at 6 months free.
9 posted on
02/14/2010 5:16:59 AM PST by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: Jimmy Valentine
[The value of commercial real estate is heavily dependent on its stabilized cash flow]
Yep. Can't run a business on empty...
...this building on Space Center Drive / Technology Ct in Colorado Springs was completed in 2008. It has never been occupied. To me, it's the canary in the economic coal mine.
13 posted on
02/14/2010 7:37:37 AM PST by
LomanBill
(Animals! The DemocRats blew up the windmill with an Acorn!)
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