To find the loan that makes sense for your business, you should always compare your options and shop around with multiple lenders. In most cases, the property being financed serves as the collateral for a real estate loan. In the case of a commercial real estate loan, however, the borrower may be required to make a personal guarantee as well.
- Commercial property usually refers to buildings that house businesses, but can also refer to land used to generate a profit, as well as large residential rental properties.
- Michael Logan is an experienced writer, producer, and editorial leader.
- Tina provides specific and customized commercial real estate strategies resulting in exceptional outcomes for all clients.
Apex Commercial Realty LLC provides commercial real estate brokerage services to Buyers, Sellers, Landlords and Tenants in Chicago’s North Suburban office, retail and industrial markets. Our mission is to provide our clients with professional and effective representation with a personal touch. Every client has unique needs, and we tailor our approach to address these needs on an individual basis. Our well-established connections within the real estate and business communities and our deep knowledge of the local market allow us to deliver superior results for our clients. While the business relationship might last for just one transaction, we strive to develop personal relationships that last well beyond the closing of a deal. Office buildings contain spaces that are leased to companies who use it to operate their businesses.
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Those parties should be coordinated with in-house capabilities to create a seamless flow of data and operations inside and outside the organization. The coming 12 to 18 months are expected to be important as real estate firms reposition themselves, and it might take a combination of critical realizations and strategic realignments, some far different from the status quo, to get there. Many real estate firms aren’t ready to meet environmental, social, and governance regulations. Nearly 60% surveyed say their firms lack the data, processes, and internal controls necessary to meet compliance standards.
