• hotels maintain relatively steady
employment throughout economic
cycles, further safeguarding the all-important EB- 5 job numbers.
• Macro trends appear to favor hotels. Although values plunged
alongside other types of commercial real estate, hotel occupancy
and room rates are up.
• real estate is only one component
of the hotel business. Values don’t
depend on underlying property
markets alone, but on operations.
Mark-to-market valuations can be
done daily, if desired.
• hotel-construction rates have been
low in the past several years, and
brands have allowed owners to postpone making required upgrades and
improvements. At the same time, a
number of properties have been selling for below replacement cost. Stabilized occupancy levels and growing
obsolescence of older properties
point to increasing values.
« FOREIGN continued from page 24
For all of its promise, EB- 5 has fallen
short of its potential in the past two
decades. As many as 10,000 immigrants can be fast-tracked for green
cards annually, but only a fraction
have taken the U.S. up on its offer.
In part, this is because many can-
didates are put off by uncertainties in
the program itself. Shifting program
requirements over the years have been
coupled with delays. For instance, it can
take five to seven years to complete a
process advertised as a two-year con-
ditional permanent-residency program.
Some investors have languished in con-
ditional status for 10 years.
Web search for agents in your area,
but try using additional search terms
with the property types listed above.
After you pass the first few national
ads, you’ll start to see pages for local agents and brokers who deal
exclusively in the property types for
which you are searching.
« MARKE T continued from page 34
Taking your business online
The business of brokering has gone
national, if not global. Every day, you
hear about a broker in one state closing a multimillion-dollar deal in another. Borrowers who previously got
their money from their local commercial bank or portfolio lender now must
go elsewhere for funds.
Most borrowers don’t have relationships with bankers more than a few
miles from home and often need the
help of a broker with a regional or national reach to place their loans. Many
borrowers find those brokers online.
If you’re not already online, it pays to
set up a domain name and hosting account with a Web provider. For just a few
dollars a month, you can have a website
that not only shows off your successful
transactions, products and services,
but that also establishes you as a local
expert and lets people find you online
through search-engine requests.
To get online, you’ll need three
1. domain name: This is your online
address and what people type into
the browser to find you.
Low interest rates* ranging from 4.25% to 6.55% ARM (adjustable rate mortgages) (fixed rates* are also available) Qualified property types include – Office, retail and industrial (including condominium) – Mixed use, franchises, restaurants and day care centers – Self storage, laundromat and dry cleaners, spas and barber shops – Health club, funeral home, movie theater and banquet halls – Automotive related: dealers, repair, oil change, brake centers – Grocery stores, convenience stores and markets No lender origination fees or points for qualified borrowers/properties Brokers protected Loan amounts from $300,000 to $4,000,000 (Purchase) Refi to $6,000,000 (SBA 504) Owner occupied and investment real estate considered Conventional and SBA options available up to 90% LTV Nationwide lending program: urban, suburban or cities of 50,000+ No balloon payments and terms range from 20 to 30 years No lock-outs from prepayment Quick closings & flexible underwriting Construction and rehab available owner occupied purchase and refinance 660 minimum FICO purchase and 720 for any Construction Centennial Bank Lending Programs SBA 504 AND CONVENTIONAL FHA/HUD MULTI FAMILY/ASSISTED LIVING LOANS UP TO 83.3% LTV TERMS TO 35-40 YEARS FIXED RATES* LOW 4’s
Contact Keith Kennedy at extension #1 • KKennedy@CentennialBank.com
*Rates are subject to change and not locked at application