Dinn, Hochman & Potter, L.L.C.
TF: 800-233-4079
L: 440-681-8005

Commercial Real Estate Archives

Lakeside commercial real estate purchased by local investor

Ohio investors may be watching with envy as the ownership of Quay 55 changes hands again. Once a warehouse for receiving cars shipped from auto manufacturers, the building situated on the shores of Lake Erie underwent a $28 million renovation project to convert it into apartments in 2002. For years following, the real estate was labeled distressed because of mortgage defaults and many vacancies. However, now boasting a 94 percent occupancy, the purchase may be considered a wise investment.

Many different ways to obtain business financing

The idea is sound and the entrepreneur is ready to venture forward. Whether starting a new business or expanding an existing one, the Ohio business owner typically will need some form of financing along the way. Depending upon the business and the resources available to the business owner, there are several options available.

Real estate lease may be new business' best option

Many times, when an Ohio business is first starting out, the business owner must decide between renting or buying space in which to operate the business. This decision is often based upon a variety of things such as the current real estate market, financing options and available capital. Many new business ventures find that leasing property is the appropriate option in the beginning.

How to refinance a commercial real estate loan, part 2

Within the lifetime of your company, you may need to refinance a mortgage loan. This is a normal part of doing business and is nothing to be intimidated by. However, refinancing also requires careful consideration. While a properly worked out refinancing plan can help keep you in business, accepting unfavorable terms could put you in a terrible financial bind.

How to refinance a commercial real estate loan, part 1

At some point in the life of your business, you may find it necessary to refinance a loan or mortgage. While the terms you originally agreed to might have served your needs at the time, it is not unusual to seek terms that are more favorable to your present situation. For example, if your loan requires making a balloon payment in the near future, you could refinance to avoid taking that big financial hit.

Indemnity clauses can offer you important protections

If you own construction company, you are likely well aware of all the possible problems that can arise during a project. Unfortunately, it is impossible to eliminate every potential disaster that could befall a given undertaking, but you can take measures to protect yourself from the possible financial fallout. And one of the most important steps you can take is making sure that your contracts contain indemnity agreements.

Indemnity clauses can offer you important protections

If you own construction company, you are likely well aware of all the possible problems that can arise during a project. Unfortunately, it is impossible to eliminate every potential disaster that could befall a given undertaking, but you can take measures to protect yourself from the possible financial fallout. And one of the most important steps you can take is making sure that your contracts contain indemnity agreements.

How do you know if a potential client can pay its bills?

If you own a construction company, you only want to work with clients who are financially stable and capable of paying for your services. Due to the complexity, costs, and time needed to complete a construction project, you can ill-afford to take on a client who will be unable to come up with the cash necessary to complete a project.

Equity funds useful for capital, but with strict conditions

If you are a real estate developer, you likely understand how important it is to promote your company as being successful and capable of bringing important projects to fruition. Simply having name recognition can help you acquire valuable business.

Seeking a zoning exception or variance in Cleveland, part 1

As any developer can tell you, bringing a successful commercial real estate project to fruition is all about problem-solving. Your first problem is finding a property that you want to build on. And then you have a whole host of other problems that involve financing, construction, sales and so on. And one of the major hurdles you will have to clear is getting permission from local governmental agencies to perform construction that adheres to the needs of your project.

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Dinn, Hochman & Potter, L.L.C.
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Cleveland, OH 44124
-6500

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