So this week was a bit weird. After the interest rate cut, we had mixed reaction from the markets. Some investors were jumping back into the games, others were still holding back, not convinced that the rate cut was enough to drive deals forward. Buyers expected to get a good deal and lower rates, sellers think they can get more for their properties since the cost of capital was lowered and in the meantime, not all banks even bothered to change their rates… Like I said, a weird week. That said, as most of you know, I am an investor myself and always advise our clients as if it’s my own money that they will be investing so all I can do is share what I do myself these days and that is to take advantage of the new rates and make offers on commercial real estate properties. We just submitted an offer on a couple of properties today. On another note, I just got an email from one of the local banks we work with and they have a new program that will offer 5.1% rate on owner occupied loans!
As we do every week, we took time and reviewed all the commercial listings that came on the market and curated this hand-picked list representing the top opportunities we identified as the best value. If you wanted to keep up to date on retail real estate news, we have a LinkedIn Newsletter you can subscribe to.
|