My uncle has owned a shopping center for the last 20 years. He owns it free and clear. He wants to cash out and retire as his health is not so good. The net income after expenses but before depreciation is $600,000 a year. This allows for a 5% vacancy factor and 10% for leasing expenses and professional management. He has offered it to me for $4 million. As I'm an inexperienced student I would keep the professional management in place. An appraisal would indicate a value of about $6 million.

Elva,

I can help you with this. My contact information is also on my website. Give me a call or email.

Thanks,
Les Smith
Commercial Mortgage Broker
www.EvergreenAssetGroup.com
Info@evergreenassetgroup.com

If you are still in the market for a mortgage on the shopping center, I may be able to supply the assistance you need.

Rob Beeman
Commercial Capital Group
215-253-5880 x60
215-913-1580 Direct
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