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  #1  
Old 06-27-2006, 10:23 PM
elva
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Post Shopping center loan

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.
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  #2  
Old 07-01-2006, 02:30 PM
Equitydeals
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Smile Shopping Center Loan

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
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  #3  
Old 09-11-2009, 07:19 PM
ccg
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Default Shopping Center Loan

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

We deliver when others can't
We strive when others won't
We produce results when others don't
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  #4  
Old 11-01-2012, 10:53 PM
brown brown is offline
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Wow, and I was just in NYC a few weeks ago. I'd love to be able to take advantage of this; however, I live too far away. Maybe something similar will come to my locality soon.
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