Commercial Mortgage, Commercial Loans and Commercial Finance

Call it by a different name but I think we all know that we are talking about arranging to borrow enough money to purchase or re-mortgage a Commercial property, which could be freehold or leasehold.

The demand for Commercial property seems unabated despite the doom and gloom which the credit crunch has forced upon us in the residential market. Anyone going to an auction will experience the buzz of excitement from the investors when certain properties are put up for sale with a good tenant on a long term commercial lease.

Further investigation shows that many of these properties have been sold with out the benefit of an inspection by the prospective purchaser. Such is the attraction of a strong covenant from a recognized tenant even where the rental income offers a yield of between 4-5% as a return. The long term potential capital growth, added to an almost guaranteed income stream, has proved to be a strong attraction for investors in commercial property. These high rollers must be cash rich because the rental incomes do not offer the ability to service a mortgage even at 75% loan to value, so long term is good for these investors. This should however leave the normal business man, who wants to buy for his own occupation, a much clearer field in which to operate and where bargains maybe found.

The smaller investor who wants to add balance to his investment portfolio by adding a commercial property to his current buy to let properties is in a good position to take advantage of current market trends. Lenders like investment properties at the right loan to value, normally not more than 80%, and where the mortgage interest is serviced by an acceptable margin.

Another popular purchase is a shop with living accommodation, where the flat above the shop is let on a six month short tenancy generating income to offset mortgage repayments. Light industrial units again lend themselves to clients renting off part of the space which they may need at a later date, but can be used to generate income now.

So has the credit crunch impacted on the commercial mortgage market? The answer yes it has, but not to the same degree as in the residential market. Most Independent Financial Advisers would have seen the lenders tighten up on the underwriting criteria and the margin that we have come to expect on certain deals over Bank of England base rate have move slowly upwards, but with out making the waves that we have come to expect in the residential market. Thank God we are not seeing products pulled overnight, or to be told that we have 24 hours to get the case in fully packaged.

The Commercial Property market still offers a good long term investment and at the moment the market is strong and competitive. I will just mention the residential market as many of the clients who are now trying to buy were not around in the late 1980′s and early 1990′s when property last suffered a real drop in value. History tells us that property values have increased in value by 100% every 20 years despite any falls in between. In recent times we have seen property values double in the last ten years and this massive rise has tended to price out the first time buyers and encourage the investors to pile into what many saw as a never ending income stream.

At some stage in this circle there has to be a correction and it has taken a lot of our first time investors by surprise who never thought the gravy train would have to hit the buffers at some stage. The message is stay strong, hold onto your property and the market will come back as it always does and if you have any spare money buy now while property prices are low.

‘Fortune favours the brave’

15 Local Attractions To Look For When Apartment Hunting

When you’re apartment hunting, it’s easy to get caught up in the search for the perfect space that includes everything on your wish list of amenities, but the neighborhood where your apartment is located can make or break your experience in that home. Your time spent searching for apartments should also include a thorough exploration of each apartment’s neighborhood. Run down a checklist of services, entertainment options and businesses in the area that you feel are important to your lifestyle by using the following search.

Businesses that may be important to your lifestyle could include:

- Supermarket or alternative grocery stores that carry the foods you love.

- Pharmacy for easy prescription pick-up and early-morning or late-night emergencies.

- Gas station so you won’t be stranded on the way to work.

- Dry cleaner with pick-up and delivery service or one that offers convenient hours that fit your schedule.

- Specialized animal services nearby such as a groomer, veterinary clinic, long-term boarding care or long-term boarding care.

- Medical facilities, such as a clinic, dentist or optometrist.

You’ll also want to think about how you spend your off-work hours while you’re searching for apartments. Are there facilities for your favorite recreational activities nearby? What about shopping and nightlife options?

You might want to look for these amenities during your check through the neighborhood:

- Golf courses, jogging trails, bike paths, rock-climbing walls and local beach access.

- Shopping area of fun boutiques and/or a conventional mall.

- Nearby shops for those last-minute hostess or birthday gifts.

- A variety of restaurants, bars and nightlife options, such as trendy bistros, ethnic cafes and comfortable coffee shops.

- Movie theater complex, live theater productions, art museum or galleries, and book stores.

Now that you’re sure this neighborhood meets all your needs, one last thing to look for is easy access to transportation routes out of the area. Some possibilities include:

- Easy and quick access to freeways, especially if you need to use one commuting back and forth to work.

- Public transportation, such as bus lines or light rail.

- Bike paths, particularly if you use a bike to get to work or school.

- Convenient routes to the schools you or other family members attend.

Some apartment locations offer all of the above amenities, while others have only a few nearby. While you are apartment hunting, be sure to focus on those options that are most important to you. You’ll be sure to find a new home that fits your lifestyle.

Holiday Homes and Apartments in Barcelona for a City Break

A great place to escape at any time of year is Barcelona. Just a hop and a skip away, there are tonnes of cheap flights landing there everyday. So what is it that makes this a choice destination for city breaks? Chosen by London-based magazine Monocle as one of the most liveable cities in the world, Barcelona is a hip and pumping city with a thriving nightlife and any number of options for things to do when you need to disconnect. It’s got the best of all worlds – city life, Mediterranean beaches and also great access to the countryside of Catalonia.

Barcelona is an ideal place to get away from it all and has many options for swanky and original holiday homes and Barcelona apartments if you’re looking for a little touch of pizzazz. So, whether you’re there to soak up the Art Nouveau architecture, Roman and Medieval history, roam around the Gothic Quarter or La Ramblas, take in some alternative music (Sonar Festival and Primavera Sound Festival are a must), discover the spectacular creations of Antonio Gaudí and his unfinished Sagrada Familia, or looking for a romantic stroll around his famous Park Guell, here are some unique holiday homes for a spectacular city break in Barcelona.

Holiday Home of the stars – A Breathtaking Apartment in Can Fabregas

If you’d like to splash out on a holiday with some friends, this six-bedroom luxury apartment might be just the thing. Built in 1919, this breathtaking apartment in the Eixample district in the centre of Barcelona is one of the holiday homes of the stars: Harrison Ford and Calista Flockhard chose it when they last visited Barcelona. Tasteful, elegant and spacious, it’s ideal for wining and dining, and is just minutes away from Les Rambles.

Art Nouveau Apartment in Barcelona – A Gothic-style Holiday Home

Where you stay in a city can influence the entire experience and this stylish apartment is ideal if you want to step into another era and live Barcelona in style. Not only is it slap-bang in the centre of the Gothic Quarter, with its cafes, restaurants and hip boutiques, but this three-bedroom apartment in Barcelona is spacious, original and filled with antiques and works of art. One of the most attractive apartments in Barcelona.

Modern Barcelona Apartment – A Holiday Home near the Sagrada Familia

On the more economic end of the spectrum, this spacious and modern Barcelona apartment has three bedrooms. With high ceilings and buckets of natural light, the apartment has been immaculately designed with exposed brick features. This is a holiday home that fully embraces the importance of location and is perfect if you’re a Gaudi fan looking to visit the Sagrada Familia, just a five-minute walk away.