by Karli Schwab | Jun 20, 2023 | Advisor Insights, Blog, CRE Trends
Prepayment Penalties & Seller Financing Structures Moving into Q3 of 2023, seller financing in Multifamily continues to be a viable option that we recommend to our clients, but we have become aware of some common concerns and misconceptions owners may have,...
by Karli Schwab | May 12, 2023 | Advisor Insights
What does it mean to have a “shovel ready” property? A commercial site that is entitled/permitted and ready to be developed All due diligence has been completed: Environmental studies and soil analysis Environmental permits Infrastructure Zoning The site is...
by Karli Schwab | May 10, 2023 | Advisor Insights, Blog, CRE Trends
By Nate Gant, SVN Cornerstone Advisor In my daily conversations with owners, I have recently been asked a question that was essentially irrelevant 12 months ago: “How do I fill my units?” A little over a year ago, owners were receiving 40+ applications per...
by Karli Schwab | Apr 12, 2023 | Advisor Insights, Blog, CRE Trends
By Nate Gant, SVN Cornerstone Advisor In the last year, multifamily lending has been on a wild ride. In Q1 of 2022, as multifamily specialists, we were primarily concerned with one fundamental piece of the transaction: securing the smallest amount possible a...
by Karli Schwab | Apr 4, 2023 | Advisor Insights, Blog, CRE Trends
By: Nate Gant, SVN Cornerstone Advisor Between Q2 of 2020 and Q3 of 2022, vacancy rates in Spokane County shrank to historically low levels. At that time, CoStar was reporting between a 1% and 2.1% vacancy rate. As a landlord, if you posted a unit for rent, you...
by Karli Schwab | Mar 10, 2023 | Advisor Insights, Blog, News
New City of Spokane Ordinances March 2023 Two new ordinances (#36330 and #36366) were recently passed by the Spokane City Council, which will undoubtedly affect the financial position of property owners and landlords. Below is a summary of the main points from the new...
