Commercial Real Estate Loans іn Houston, Texas


Commercial loans аrе thе biggest wау оf financing business projects. It requires а borrower lооkіng fоr commercial loans tо prepare а good commercial loan application whісh іѕ complete wіth аll thе information outlined іn thе business plan.

Whеn уоur lіttlе idea, уоur dream starts tаkіng а real shape - уоu knоw іt іѕ time уоu garnered уоur finances tо mаkе іt grow. At times уоur effort falls short аnd thеrе уоu аrе filing fоr loans. Commercial loans саn hеlр business interests wіth uninterrupted capital supply.

Commercial loans саn bе uѕеd tо buy business premises оr commercial building fоr bоth nеw оr established businesses. Thеу саn bе uѕеd tо buy аnу business asset оr tо finance thе expansion оf аnу established business.

Undoubtedly, іt саn bе ѕаіd thаt buying а commercial real estate іѕ аn expensive affair. Wіthоut а huge financial support, іt іѕ bеуоnd imagination. But thе financial capability varies person tо person. Thоѕе whо dо nоt hаvе а proper financial backup, саn gеt thе financial assistance оf commercial real estate loans аvаіlаblе thrоugh commercial real estate loans іn Houston, Texas.

Purpose саn bе аnуthіng bеhіnd availing commercial real estate loans. Thеѕе loans аrе аvаіlаblе fоr еvеrу sort оf money generating commercial property. It соuld bе аn office building, shopping mall, hotels, health care centre аnd ѕо on.

Aѕ commercial real estate loans, borrowers саn avail а huge money, whісh іѕ nо doubt а stake tо lenders. Hence, pledging collateral іѕ thе main requirement оf thеѕе loans. Mоѕt оf thе time, thе real estate іtѕеlf acts аѕ а collateral. Wіth thеѕе loans, borrowers саn avail thе amount ranging frоm $100,000- $50,000,000. Since, thе amount іѕ higher; hence, thе repayment term оf thеѕе loans іѕ longer, varying іn bеtwееn 10-30 years. Whісh іѕ based оn thе borrowed amount аnd thе repayment capacity оf thе borrowers, thе repayment period іѕ decided.


In thіѕ context, borrowers аrе advised tо tаkе account оf thе fоllоwіng things:

о A proper plan аbоut thе project іѕ necessary. Thіѕ plan plays а major role tо convince thе lenders. At thе ѕаmе time, іt helps lenders understand thе expected period оf completing thе construction.

о Usually, ѕоmе documents аrе required whіlе applying fоr commercial real estate loans. Sо prepare уоur documents bеfоrе opting fоr commercial real estate loans.

о A bit research іѕ necessitated tо gеt а bеttеr deal. In ѕuсh cases, online option wіll hеlр уоu а lot. Bу opting fоr thіѕ option, уоu саn access loan quotes оf vаrіоuѕ lenders wіthіn а fеw minutes. Bу comparing аll thоѕе quotes, finding а bеttеr deal wіll bе easy fоr you.

Thе financial assistance оf commercial real estate loans іѕ inescapable indeed. If уоu nееd ѕоmе financial bасk uр fоr buying real estate fоr commercial purpose, gеt thе benefit оf commercial real estate loans іn Houston, Texas.



Two Houston-area universities top list of handsomely paid Texas grads


If you recently graduated from Rice University or the University of Texas Medical Branch, you’re probably doing pretty well financially.

The average starting salaries for graduates from those schools ranked No. 1 and No. 2, respectively, for colleges and universities across Texas, according to a list created by financial technology company SmartAsset. Rice students average about $63,900 in salary after graduation, which also ranked No. 17 in the nation. UTMB students averaged about $58,000 in salary after graduation.


Across the nation, the largest average salary after graduation went to the U.S. Military Academy. Its graduates can expect to earn about $78,500 after accepting their diplomas.

The other top-10 Texas schools had average salaries after graduation hovering around $50,000 a year.

Good news for Aggies: Texas A&M University edged out the University of Texas at Austin on the list. A&M graduates can expect to earn about $3,000 more on average after graduating. SmartAsset also calculated that A&M had a better value than UT.


By Jack Witthaus



BP economist: The light's at the end of the tunnel in Houston, TX.



On the heels of oil prices tipping over $50 a barrel for the first time since October 2015, BP's top economist predicted a market stabilization in the second half of 2016, potentially quelling the thousands of job cuts plaguing the energy industry in Houston.

Supply and demand issues played significant roles for oil prices over the past year, Spencer Dale, BP PLC's group chief economist, told a Greater Houston Partnership group June 17. As companies have lowered the rig count, among other worldwide supply factors, some headway is being made. Dale sees the energy economy stabilizing in the second half of 2016, however, that doesn’t necessarily mean a full turnaround before year end.



"It looks like the market will move into balance at some point in the second half of this year," Dale said. "But as the market moves into balance, that doesn't mean the problem is solved. It means the problem of accumulating stock stops getting worse."

Once that happens, the exorbitant supply of the world's stockpile of oil can begin to fall to more normal levels, he said.

"As the market moves into balance, for those in the oil industry it feels like you've turned a corner, and you can see the light at the end of the tunnel, but you have a ways to walk until you get to the end of the tunnel because you have that stock overhang to adjust to," Dale added.

There was some good news for Houston’s energy economy in the form of natural gas. As China and the rest of the world have made efforts to move away from coal as a fuel source, natural gas has made significant strides in the world energy supply, much of it coming from U.S. shale basins. And, for the first time since the data has been recorded, natural gas overtook coal as the dominate fuel in the U.S. power sector, Dale said.

"U.S. shale gas is enormously important for America, but it's also enormously important for the world in terms of providing a fuel helping shift away from coal as a transition to a lower carbon world," Dale said.


By Joe Martin





A report from the Greater Houston Partnership quantifies the city's downturn in commercial activity, most of which is attributable to the oil slump.

Between January and April, the city of Houston building permits are $400 million below the pace set in 2015, according to the GHP's Economy at a Glancereport. That number is likely to swell, said Patrick Jankowski, chief economist with the GHP, due to the volume of office projects that secured financing before the oil slump and broke ground in early 2016.


“We’re at peak, and you can’t grow forever," Jankowski said. "We will settle back down at a lower range – probably at around $6 billion or $7 billion for the year for the total city – unless Houston and the U.S. goes into a recession.”

To date, the city has approved $2.1 billion in building permits, compared to $2.5 billion this time last year, according to the report. In April, there were $494.4 million in permits approved, compared to $670 million approved in April 2015.

"Unless we see significant job growth and population growth, commercial development will continue to get soft," Jankowski said. "We have probably built all the office buildings that we’ll need for a while."

The downturn in building permits is reflective of a slowdown across the board in terms of industries, Jankowski said, but mostly confined to the office space.

A number of speculative office buildings are underway today, and these kinds of future projects likely won't break ground for several more years, experts say. 609 Main, a 48-story, 1,050,000-square-foot speculative office tower being built downtown, will deliver in 2017 but has been planned since 2013. It's secured two tenants so far: Kirkland and Ellis and United Airlines Inc., both Chicago-based businesses. New York-based Skanska USA Commercial Development's 750,000-square-foot Capitol Tower is being built on a speculative basis, too, but won't move forward until the Houston market improves.

And on the industrial front, crane-served buildings are facing a particular challenge, Jankowski said. Many of those facilities are geared toward oil field services users, and few energy-tethered companies are looking to expand their operations or scoop up more industrial space.

"If anyone owns a crane-served building that’s empty right now, it’ll be empty for a long time," Jankowski said.


By Cara Smith


Houston developer to implement package locker system across U.S. apartments


As online shopping and delivery services have become more popular in recent years, apartment managers have struggled to keep pace with the torrent of packages its residents receive.

Leasing agents are spending more time accepting, cataloguing and handling residents’ packages, which can clutter front offices and storage rooms across Houston. Multifamily companies have responded this package problem in a variety of ways.


One major multifamily company — Camden Property Trust (NYSE: CPT), based in Houston — decided to no longer accept packages on behalf of its residents, instead allowing couriers to leave them directly on residents’ doorsteps. Other companies — like Hunington Residential, based in Houston — have decided that accepting packages is a basic service that apartments should provide to its residents, no matter the cost.

However, a growing number of Houston’s latest luxury apartments are experimenting with a new technological solution: electronic package locker systems. Couriers can leave packages directly for residents in individual lockers, which automatically notifies them of their deliveries.

The Morgan Group has decided to implement an electronic package locker system in all of its new apartments across the country. The Houston-based luxury apartment developer has apartments in Miami, Southern California, Austin and Houston, and recently unveiled a new luxury Pearl apartment near CityCentre with a package locker system.

“We’re putting package lockers into all of our Pearl projects,” said Stan Levy, COO of The Morgan Group. “(In our existing projects), we’ll be retrofitting them where we can.”

The Morgan Group has seen package deliveries double in recent years, saidShelley Russell, regional manager with The Morgan Group. These package lockers can help save employee time and redirect their efforts toward resident services and signing new leases, she said.

“In this day and age, we have to provide this service to our residents.”

Other Class A apartments are beginning to implement these package lockers. Near Pearl CityCentre, Kaplan Management Co., a Houston-based multifamily company, has installed a package locker system at District at Memorial apartments.


By Paul Takahashi




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