So did any of the commercial property deals you touched in the past five years or longer use financing? Let me guess: the answer is yes, of course. Developers acquiring or improving commercial assets such as land or buildings tend not to self-finance. They often turn instead to our pinstriped friends at the banks for adjustable-rate loans – adjustable, more or less because long-term fixed-rate commercial loans are offered less and less by banks.
Last week, we were on-site at the Keller Williams Family Reunion (#KWFR for those of you on Twitter that want to see more conversation). Aside from a tremendous crowd – there was plenty of commercial real estate learning going on. Becky Leebens, CCIM, Managing is Director of KW Commercial Midwest in Eagan, Minnesota – was gracious to provide us with recap of the session from a panel of tenant representation experts. Thanks Becky!