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Commercial Real Estate Forum
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Discover how to make money investing in commercial real estate, including apartments, mobile home parks, shopping centers, hotels and other commercial income properties. Ask questions and participate in discussions with one of the foremost commercial real estate investing experts in the country.
Ray Alcorn is the CEO of Park Commercial Real Estate, a real estate acquisition and development firm headquartered in Blacksburg, Virginia. In a career spanning three decades, through all types of economic conditions, he has been involved with the acquisition, sale, development, financing, and leasing of commercial property transactions valued over $250,000,000.
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#1
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Are these still around or have they dried up?
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#2
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Yes they are, but if you dont have substaintial net worth as well as an impressive track record, you wont qualify.
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#3
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Hard money loans (HML) are always available so do some online looking and you'll find lenders doing them.
I'd sure go slow on getting one though because it'd take a heck of a deal to make a HML worthwhile. |
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#4
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Why do you care? Is there a specific deal or objective that makes the other loans unsuitable?
__________________
John Corey www.ChelseaPrivateEquity.com/blog Real Estate Investor (REI) with just over 30 years of history and some degree of experience. |
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#5
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Non recourse loans are very much available. Might have to go to a broker who has access to institutional money as the insurance companies are offering non recourse much more than the banks. I'm seeing banks offer some non recourse, though only to a strong sponsor with a strong deal
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