Commercial Construction Financing – What’s in a Good Construction Loan Package?

Commercial Construction Financing – What’s in a Good Construction Loan Package?

As a commercial mortgage broker I converse with aspiring commercial developers on a daily basis. Often times I am surprised by their lack of specific knowledge as to what it takes for a commercial construction project to obtain financing. This article will discuss what should be included in a good loan submission package for a commercial development project.

The last thing you want to happen to your financing proposal is have it land on the bottom of the pile on a bank loan officer’s desk. Every loan package for a commercial construction project should contain a few essential elements or it will be ignored, or even denied.

The first element of a good commercial construction loan package is the executive summary. The executive summary describes the project in paragraph form and it describes the project, location and general strengths of the deal.

The second essential ingredient to a loan package is the detailed resumes of the project principles and the general contractor if he is not already a principle. The resume should include a detailed list of actual projects completed. Specific experience is a key component of the loan package.

Pro-forma projections on the project and the net income expected are required. A detailed cost breakdown and analysis should also be included. Information on the property-demographics, absorption studies, marketing and management plans, etc should all be included. The more detailed the information the better.

A personal financial statement for all partners, the general contractor and all business partners for the last three years is required.

Information should be provided on all pre-sales along with proof of the pre-sales. Banks and lenders like to see at least 50% of the project pre-sold.

The three most important ingredients in a commercial development loans are money, experience, and pre-sales. You need to have 2 of the 3 to have a shot. You need all 3 to be assured.

Most of these deals fall down in the financials and the pre-sales. And upon digging, often lack of experience shows up as well. The minimum you need to get a quote is the executive summary and the pro-forma. The rest is needed to submit.

Commercial Construction Financing – What’s in a Good Construction Loan Package?

Commercial Construction Financing - What's in a Good Construction Loan Package?

If you are new to investing in commercial apartment buildings I highly recommend you read my e-course, “Buy “Your First Apartment Building E-Course”. This course not only gives you all of the in-depth information that you need to purchase your first apartment building but it also gives you all of the interactive forms that you will need to figure out the cash flow and expenses. This course will actually teach you exactly how to determine if your apartment building will be a profitable investment. You will also get access to the names and phone numbers of 25 banks nationwide who specialize in commercial lending on apartment buildings.

Ted Karsch is now offering Commercial Loan Modifications on distressed commercial properties nationwide. Commercial real estate owners who have apartment buildings, retail strip malls and office buildings have all benefited from his services.

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Commercial Loan Financing – Funding Business Growth

Commercial Loan Financing – Funding Business Growth

Actually, traditional financing may not be the only way of getting money or borrowing money that your need in order to move forward with your projects or business. You can look for commercial financing loan from a lender who specializes in funding your projects.

Commercial financing loan are designed only for business purposes and they understand the business that you do where in they regularly work with business like yours.

The commercial financing loan is available for wide variety of projects and can be approved far more quickly than traditional bank loans. So in finding a commercial financing loan, be sure that you are working with a great lender that is willing and able to work with you to smooth out the process of growing your business knowing that there are other business professionals which are not sure where to look for in order to find the right commercial financing loan that they need.

To be sure, try to ask from your friends or relatives if they know of a reputable commercial loan financing where you can be at ease and help you with your problem in financing loan for your business. Take note that commercial loan financing is also known as commercial mortgage financing.

Before anything else or looking for the commercial loan financing, you need to organize, plan and complete the detailed business plan to get commercial financing loan since the lenders want to know extremely the details of your proposed business ventures before they could help you. You need to show them your targets and describe to them in details how you will run or operate your business. Show the lender how many people you need to work with you on your business, monthly expenses, and estimated profit and how you intend your business to generate cash flow.

You need to have a complete economic and cash flow assessment in order to gain the commercial loan financing and show them how your business future will be good in the area where you wish your business to start. If the lender find your business effective through your cash flow assessment that means you know how to manage the money then for sure they can help you with your business.

Don’t go to one commercial loan financing but instead go out and shop for it and compare their interest rates, term and conditions so that you can get the best commercial loan financing that suit best to your needs. What is important in commercial loan financing is that they are trustworthy, reliable lender who knows you, your goals and your needs. You need to have a solid relationship with the lenders so that you feel as t ease and can ask a lower interest rate as possible.

Always be aware but most of the commercial loan financing always look for your credit score or records and you need to clear that first before applying for a commercial loan financing.

Commercial Loan Financing – Funding Business Growth

Commercial Loan Financing - Funding Business Growth

To learn more on the details of commercial loan financing and other types of business financing loans you have to do a little research online.

Click on the links above to get started right away.

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Tips For Finding Commercial Property to Let

Tips For Finding Commercial Property to Let

The Best Time to Search is When House Prices are Low

When the real estate market is leaning towards buyers in the UK and prices are falling, this is the ideal time to negotiate for a commercial property to let. This is a proven indicator in UK markets, when housing prices are weak there are often bargains to be had on the commercial letting market.

Shop Around for the Best Deals in Commercial Space for Rent

There are many ways to find a commercial lease property. In the current economic climate, you will probably find that simply driving around your local area; you will see many “for lease” signs around. If you can circumvent the property management company, you may be able to negotiate a better deal because the lessor saves money by not having to pay out commission fees. There have even been cases where the lessor can be convinced to offer a month of free rent, the tighter the economy the better your chances of getting such a deal.

Look in a variety of Places for The Best Deal on Commercial Property Rentals

Many other mediums exist to help you find office space other than the traditional route of going through rentals professionals. Great deals can often be found in your local newspaper, you will find many commercial properties for lease, a lot of these listings will be placed by realtors, but keep an eye out for the private listings; this is where you can grab a bargain. Using the internet gives you a wide variety of commercial property to let in the UK, if you are looking for places in London try the following Google searches:

“London commercial space for lease,”

” London lease commercial office space,” or

” London lease commercial retail space”.

The best advice you can get when you are searching for a business property to rent is to take your time, there is no need to rush into a decision such as this, especially considering the amount of money at stake and the length of contract you will be tied to. Look at a variety of commercial property listings, speak to a few different commercial property agents, ask friends and family for advice or whether they know of any available business property to let.

Be Creative with What You Consider “Commercial Property”

Obtaining a commercial property to let can be expensive, if you only require a small space there are a few unconventional options open for you in the UK as long as you are flexible. You can often find a church, community centre or local small business that will be able to offer you a spare office at a low price. After all, if they are not using the space it might as well generate a little income.

Tips For Finding Commercial Property to Let

Tips For Finding Commercial Property to Let

Ian Clark is a real estate consultant and advisor in UK. He has extensive experience in all aspects of Real Estate Investment built over 20 years . He is also the Director of Midas Estates, an online real estate website offering property investment opportunities in UK and overseas. Midas Estates is a property investment company who also deals with Commercial Property To Let with an aim to provide maximum capital growth for the clients as the majority of the clients are looking to secure financial security in the shortest time possible. Ian’s honest presentation of the real estate investing business, including both profit and risks is respected for his sincere, candid approach. He is highly regarded as one of the most sound, dependable source for the specifics behind the sometimes tricky and exigent facets of real estate investing.

To get more information and for a 30 minute no obligation absolutely free consult in how to make your property investment strategies work log on to http://www.midasestates.com/commercial-property/.

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Commercial Mortgage Disapprovals – Five Major Reasons for Bank Rejections

Commercial Mortgage Disapprovals – Five Major Reasons for Bank Rejections

This article highlights the five primary reasons that banks decline commercial mortgage loan applications. The reasons provided below do not represent obscure issues, so it is likely that two or three of the reasons described will be important for typical commercial mortgage situations. The first two reasons (business plans and tax returns) will potentially impact all commercial borrowers. Many commercial loan officers will start their loan review process by stating some variation of “Can you show me your business plan?” and “We will need to see several years of tax returns”.

Commercial projects are frequently too unique for traditional commercial banks. In these situations (even if a commercial borrower has favorable tax returns and an adequate business plan), it is not unusual for commercial borrowers to be declined for a commercial mortgage loan by a traditional commercial lender. Commercial borrowers are likely to be confused when they are turned down and will be unsure as to why it happened and what to do next. For each of the five major reasons that a bank might decline a commercial real estate loan, a practical strategy is provided for converting the declined loan into an approved commercial mortgage.

Reason # 1: A bank’s loan officer or loan underwriter is not satisfied that the business plan provided by the commercial borrower supports the requested loan.

Strategy # 1: Most commercial borrowers will benefit directly from dealing with a commercial lender that does not require a business plan due to the following major benefits:

Reduce commercial mortgage costs by thousands of dollars. A common range for an average business plan (prepared to typical bank specifications) is $5,000 to $10,000.
Reduce mortgage closing time by several months. Business plans can be prepared before or after applying for a loan, but either way the net extra time required will probably be 1-2 months or more.
If the lender does not require a business plan, there is one less item standing between the commercial borrower and their approved loan.

Reason # 2: Loan underwriters find something on a tax return that disqualifies a borrower under the bank’s lending guidelines. This “something” will frequently be insufficient net income, but when loan underwriters look at tax returns, there are many other possibilities which produce a similar result.

Strategy # 2: Business loan borrowers will never have Reason Number 2 to worry about if they are applying for a “Stated Income” commercial real estate loan. Very few traditional banks use Stated Income (no tax returns, no income verification, no IRS Form 4506) for a commercial mortgage. Commercial borrowers should seek out lenders using Stated Income Commercial Loans. However, this strategy will not work for all commercial mortgages since there is a maximum loan amount of $2-3 million for most Stated Income Commercial Mortgage Programs.

Reason # 3: The bank does not generally make business loans for the type of business involved or imposes special requirements that make the loan impractical for the commercial borrower. Fewer banks are making loans to bar/restaurant properties. Similarly, auto service businesses are frequently given unnecessary (and expensive) environmental reporting requirements. There are many “special purpose” properties such as funeral homes, campgrounds and churches that most traditional banks will not include in their business lending portfolio.

Strategy # 3: For most business borrowers that can get approved at a traditional bank, there are prudent options available elsewhere. And “prudent options” are clearly available only elsewhere when the bank won’t make the business loan in the first place! There are very capable commercial lenders that are interested in special purpose properties.

Reason # 4: When a business is refinancing their current commercial mortgage and wants to get a significant amount of cash out for various uses, it is not unusual for the bank to restrict what the funds are used for and to limit the amount of cash to amounts as small as $100,000. Even though the bank might make the loan, if they won’t provide the amount of cash needed by the commercial borrower, this is equivalent to declining the loan.

Strategy # 4: As mentioned in Strategy Number 3, there are other options available elsewhere! The commercial borrower’s mission (and it is not impossible at all) is to use a commercial real estate lender that will allow them to get much larger amounts of unrestricted cash out of a commercial refinancing without restrictions on what they do with it.

Reason # 5: The bank will not provide a business loan without adequate collateral, usually in the form of a lien on personal assets such as the commercial borrower’s home.

Strategy # 5: Commercial mortgage borrowers should seek out lenders that do not “cross collateralize” assets as a condition for obtaining a business loan. This will provide greater flexibility for the commercial borrower and avoid unnecessary (and unwise) connections between personal and business assets.

Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved.

Commercial Mortgage Disapprovals – Five Major Reasons for Bank Rejections

Commercial Mortgage Disapprovals - Five Major Reasons for Bank Rejections

Stephen Bush is the Founder and Chief Executive Officer of AEX Commercial Financing Group, LLC ( http://steve.bush.googlepages.com/aex ). Information about enrolling for a free online six-part series of Special Commercial Financing Reports or a free online seven-part Commercial Mortgage Course is available at all AEX Commercial Financing Group, LLC websites (including http://aexcommercialfinancing.com ). AEX Commercial Financing Group, LLC is based in Ohio and provides commercial real estate loans for purchases, construction and refinancing from $100,000 to $5,000,000 throughout the United States. AEX Commercial Financing Group, LLC also provides assistance in obtaining immediate working capital up to $300,000 using credit card receivables for retail stores, service businesses, bars and restaurants ( http://aexcfg.com ).

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Stated Income Commercial Loan For Your Commercial Property

Stated Income Commercial Loan For Your Commercial Property

A sicl is a commercial loan that does not require the full documentation that is required of a full document commercial loan. This type of commercial loan does not require the borrower to be able to prove that they can afford to make the loan payments from their own personal income but instead relies on the rents of the commercial property or the possible rents for the property.

Financial Benefits of a stated income commercial Loan include:

* Less Documentation The stated income commercial loan requires less documentation than a tradional commercial loan. In many cases since the loan is only underwritten to the properties cash flow or potential cash flow it is not necessary to provide as much documention.

* Easier approval process This commercial loan has an easier approval process because it does not have to be underwritten to both the property cash flow and a secondary repayment source such as the borrowers personal income.

secondary repayment source such as the borrowers personal income. Lower credit score requirements Some of these commercial loan programs also have reduced credit requirements.

Examples of a typical stated income commercial loan borrower include:

* A self employed small business owner that does not report all of their income on their tax returns who is looking to purchase a commercial property using a commercial loan.

* A real estate investor that does not show the amount of income necessary to qualify for a traditional commercial bank loan but the property has rental income that will support the debt payments.

Purpose

A stated income commercial loan is designed to help a borrower purchase real estate that they would otherwise be unable to purchase without a significant down payment. The commercial property does not have to be held in the name of the borrower or the operating company but can be held in the name of a holding company.

There are certain criteria for eligibility of this type of commercial loan.

The business that is occupying the property must be in business at least 2 years.

The guarantors credit score must be 600 or above.

The guarantor and operating company can not have a bankruptcy that is more recent than 3 years.

Structure

This commercial loan is only done on a first trust basis although it is possible to have a second trust provided by someone else. There are instances where combined total financing can be close to 100%. This depends on the type of commercial property, credit of the guarantor and other underwriting factors. Closing costs can be financed into the loan under most circumstances.

Easier than you think!

The stated income commercial loan is really meant to help people qualify for a loan without the hassle of providing the full documentation needed on a traditional bank loan.

Rates are slightly higher.

The interest rates are slightly higher for this type of commercial loan but the loans can be amortized up to 30 years.

The stated income commercial loan closes quickly in most cases.

It usually takes about 30 to 45 days from start to finish to close this commercial loan.

Borrowers do not have to use their house as collateral.

It is very rare that a stated income loan will need to use the borrowers home as collateral.

Borrowers with less than perfect credit can qualify.

Borrowers with credit scores as low as 600 can qualify for these programs. If your credit is within 40 points of this number it is possible that you may have some mistakes on your credit that we can help you fix while closing your loan. So even if your credit does not meet the 600 number today, it may when we are done with your loan.

Stated Income Commercial Loan For Your Commercial Property

Stated Income Commercial Loan For Your Commercial Property

This article has been provided courtesy of commercialmortgage.net. Commercial Mortgage is a Commercial loan division of Griffin Capital Funding offers commercial loans with no personal guarantees, favorable loans rates and good terms.

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Strike The Success Button With Commercial Loan Rate

Strike The Success Button With Commercial Loan Rate

As the cost of living is on an upwards trend people mostly find their present earnings, insufficient in meeting the requirements. So they divert themselves towards business and if already they are businessmen they go for extension of their business. But all these measures need funds to be invested in form of capital. This capital you can borrow in the form of business loan by surfing through commercial loan rates.

Commercial loan rates are the rates at which you can get the loans for serving financial needs in your business. In simple words, it can be said as business loan rates. To get a better understanding of what the commercial loan rate is all about we should discuss about business loans. Business loans are loans for ensuring adequate capital flow for your business requirements. These requirements may be due to any of the following reasons:

oStarting a new undertaking or expanding the current one.

oBuying office space, machinery and equipments.

oBuying raw materials

oPurchasing stationary, computer and other equipments

oAny other financial requirement.

oPaying salaries of staff.

oMiscellaneous requirements

Under a commercial or business loan you can borrow amounts up to ₤1000000 which can further extend to two million. The repayment term is around 5 to 25 years and may even extend depending upon the amount borrowed and lender policies. The interest which you pay on such loans is tax free. This is all about business loans for which commercial loan rate quotes are available online.

Commercial loan rates are available for both secured and unsecured form of business loans. Security gives you better rates and terms whereas with an unsecured option gives you faster approvals for your immediate business needs. You can select any of these methods of borrowing loan depending upon your circumstances.

Lenders in loan market are offering numerable commercial loan rates to choose from. You can get free online quotes for commercial loan rates and compare these rates along with the repayment terms offered with them. With increasing competition in the loan market, lenders are decreasing these rates to attract the borrowers. But beware!!! In order to cover up for such reduction in interest rate, lenders are including hidden charges. To avoid these charges it is always recommended to read out the terms and conditions before signing any of the loan agreement.

In the end it can be said that a commercial loan rate can be an important factor when business is the concern.

Strike The Success Button With Commercial Loan Rate

Strike The Success Button With Commercial Loan Rate

Tim Kelly is an expert in finance having completed her LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. She is currently working with CommercialRealEstateLoan as a financial advisor. To find Commercial loan rates, commercial real estate loan, commercial real estate loan rate, commercial real estate loan major, commercial small real estate loan in UK that best site’s you need visit http://www.commercialrealestateloan.co.uk

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Designer Commercial Flooring Adds Grace to Perfect Ambience

Designer Commercial Flooring Adds Grace to Perfect Ambience

Flooring is an important part of the interiors of any commercial complex. Be it your office, a restaurant or a discotheque, commercial flooring is meant to adorn every place and inch of that area. If the commercial flooring is of your type, then nothing can be best than this. The basic idea of applying any form of commercial flooring is to lend a meaning to the ambience of a place. Apart from giving a basic meaning, it is meant to glorify the commercial area so that it becomes inviting to visitors. Many people visit a restaurant or any other commercial complex because of its interiors.

Everything has to be best for your commercial area, as more and more visitors to that place means you will reap benefits. You would want that commercial flooring applied to your place should be of excellent quality, long lasting and looks beautiful with the other interiors of complex. It is quite natural that everyone wants to have the best and settling for the next is out of question in this case. As far as the commercial flooring is concerned, you are required to carefully select the type of flooring needed that can match up with the interiors. A variety of commercial flooring is available in the market. Hardwood, vinyl composite tiles, carpeted, linoleum, luxury solid vinyl, ceramic tile, granite, marble and solid vinyl are some of them.

Selection of the commercial flooring is all the more important. You are required to do a market search for best commercial flooring manufacturer and a commercial flooring contractor. These two people will be responsible for transforming the looks of your commercial complex. Commercial flooring manufacturer would have a variety of commercial flooring and in different colors. You can choose the color according to your preferences, so that it can give a wholesome feeling. Grey, cocoa, brown shades, green, pistachio, blue, cherry, black and golden oak are some of the colors that can fit your preferred choice.

Whatever type of commercial flooring is selected, all it matters is the effect that you get after applying the flooring. Perfection is what is needed in the matters of interiors of a commercial complex. It is because interiors will indirectly get you more and more customers. Just think of this case that fits in the matter of a restaurant. If the combination of ambience and food is perfect, then you would be a hit in among the crowds. Moreover, commercial flooring applied to the commercial complex reflects your taste. It shows that how concerned and particular you are in the matter of choosing best commercial flooring.

Nothing can be best than the thing that you get the best commercial flooring at a budgeted rate. It is not just you, but most of the people likes that their work should be done in less money. You will be a lucky chap, if you get designer commercial flooring within your allocated amount. Variety of commercial flooring manufacturers is present in the market, who offers designer commercial flooring at affordable rates. You just have to take care that the commercial flooring should be designer, classy and elegant at the same time.

Designer Commercial Flooring Adds Grace to Perfect Ambience

Designer Commercial Flooring Adds Grace to Perfect Ambience

Stephen Robins loves doing up and designing house interiors. He has been involved with advising people in finding out and using the best carpets for decorating their house and workplaces. If you want more information about Commercial flooring [http://www.citycarpet.com/commercialcarpetflooring.html],Commercial Flooring Contractor,Vinyl flooring in New York visit www.citycarpet.com

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5 Things You Need to Know About Submitting Music to Program Directors in Commercial Radio Stations

5 Things You Need to Know About Submitting Music to Program Directors in Commercial Radio Stations

If you are like many up-and-coming independent musicians, artists, groups, or record labels, you are thinking that if you can “just get your music in front of a DJ they will want to play it on the radio.” Sure, you may find a DJ that is willing to give your music a spin or two on a local radio show, but this is not the same as regular rotation “adds” and it does not lead to rotation from other radio stations around the world. DJs do not have the power to “add” a song into a radio stations regular rotation playlist. In fact, at many radio stations across the country, a DJ can and will be removed from the air for playing a single song that was not approved and placed into regular rotation by the radio station’s Program Director.

Program Directors control a radio station’s regular rotation playlist. In some larger markets a Program Director will have an assistant that carries the title of Music Director, but even in these radio stations the Program Director has the final say of what songs get added to the radio station’s playlist. This is not to say that building relationships with local DJs is not a good thing. It is. Relationships with DJs can be developed to help persuade a radio station’s Program Director to give your song a listen and possible “add” to the stations playlist. However, the best way to get your music added to a radio station’s regular rotation playlist is to understand the basic principles of how to submit your songs to Program Directors.

The following 5 facts about submitting your music to Program Directors will help you understand how and why songs are added to regular rotation playlists at radio stations, how to make your music stand out and get listened to by Program Directors, what it takes to get “adds” in regular rotation, and how to ensure your music stays in regular rotation for the life of the single.

1. Commercial radio Stations are not in the business of playing music.

The biggest misconception surrounding a commercial radio station is that playing music is the highest priority, or business model, in which it operates under. Commercial radio stations are not, have never been, and will continue to never be in the business of playing music. Radio stations are in the business of selling time to advertisers to place thirty or sixty second commercials so listeners will buy products or services. Radio stations attract listeners by playing music. Program Directors are hired to select and add songs to the station’s regular rotation playlist that will attract the most listeners in order for the station to charge a higher price to it’s advertisers to buy time.

An unknown, up-and-coming, artist or group does not attract a large listener base to a radio station. This means advertisers are getting less “bang for their buck” when their commercials air next to your song as apposed to their commercials airing next to a top twenty artist that has mass listener appeal. Therefore, you must create a large local following before contacting Program Directors trying to get a song “added” to a radio station’s regular rotation playlist.

2. Program Directors get hundreds of songs per week to choose from.

Once you or your group become “local favorites,” you have to understand that you are still competing against the entire world. Program Directors receive hundreds of CDs each week for review and possible consideration for regular rotation playlist “adds.” When Program Directors listen to new music and start to decide what songs will be “added” to the radio station’s playlist they will consider several factors including; staying power – does this artist or group have the ability to release another single listeners will want to hear, marketability – does this artist or group have the ability to continue it’s marketing reach and gain new fans that may have never heard of them before, and mass audience appeal – Does this group simply have a lot of fans because they have a great live show or do they possess the ability to grab mass listener appeal on the song alone. Your job as an unknown, up-and-coming, artist or group is to stand out among the hundreds of other songs a Program Director must choose from weekly. This is accomplished before sending your CD to the radio station. You must answer these questions in your other marketing efforts so that when a Program Director researches you or your group he/she is not left with any questions about your ability to appeal to the radio station’s listener base.

3. There are certain days and times radio station Program Directors take calls about new music.

Contacting a Program Director is hard. Many up-and-coming artists and groups would say it is impossible. It is not. However, if you are not attempting to contact Program Directors at the right time, you will never get a hold of them. Program Directors set aside certain days and times for “new music calls.” On these designated days and times a Program Director may receive over a hundred calls from radio promotional agents, record labels, and artists. The key to effectively getting a Program Director on the phone is persistence. You cannot call one time and say you tried. You must continue calling until you get an answer. If at the end of the scheduled time you still do not get a Program Director on the phone leave a detailed message about who you are, what you are wanting, and how to contact you. Unknown artists or groups will most likely not get a call back. However, your name is in the Program Directors ear. This will lead to them looking for your CD and taking the time to listen. Maybe not on the first call, but persistence does pay off. There are two ways to obtain a Programs Directors music call day and time. First, visit the radio stations website and look for the contact page. In many cases the Program Director will post when, where, how, and what time to contact them with new music. If you do not find the information you are looking for the next best thing is to call the station. Do not ask for the Program Director. Simply ask the receptionist for the Program Directors call day and time.

4. There are only so many songs that can be played in a 24 hour period on commercial radio stations.

If you consider that radio stations are in the business of selling time to advertisers you have to also consider that means there is only so many songs a radio station can play in a day. Program Directors will fill the majority of available “music” time slots with established artists that already have mass listener appeal. This leaves a very limited amount of time for unknown, up-and-coming, artists or groups. Considering that radio stations want to appeal to the largest listener base you see why Program Directors will only “add” a song or two per week to the radio station’s regular rotation playlist from unknown artists. This is why persistence is of the utmost importance when trying to get your music “added” to a radio stations regular rotation playlist. As mentioned before, you have show a Program Director you have “staying power.” Make sure you present your persistence in a professional manor verses a “nagging,” bothersome way. Program Directors will respond to persistence. It may not be when you want it be, but they do and will start to research who you are to see if you are worthy of a regular rotation “add.”

5. Once you get a song “added” to a radio station’s regular rotation playlist you must continue building relationships with Program Directors.

Once you are lucky enough to get your music “added” to a radio station’s regular rotation playlist by a Program Director your job is not done. Many up-and-coming artists and groups disappear from the “minds” of Program Directors once they get “added” to a stations playlist. This is not wise. Remember, you can and will be dropped from the playlist if you are not persistent. As mentioned earlier, Program Directors want to know you have the ability to continue marketing and promoting your music to gain mass listener appeal. The best way to show them that you are working toward that goal is to keep your name in their “mind.” You do this by calling them each week, only during their scheduled “music call” day and time, to build your relationship with them. Inform the Program Director of you or your groups activities, ask how the song is doing, or how many requests it is getting from station listeners. Your job when contacting a Program Director after your song has been “added” to a radio station’s regular rotation is build strong and lasting relationships that show you are working toward gaining fans from the station’s listener base.

Conclusion

Submitting your music to radio station Program Directors is tough, but doable. You have to be persistent, professional, and ready to show them that you can create “fans” from the radio station’s listener base. Knowing how a radio station operates, how to approach a Program Director, and what matters most to a radio station is 90% of the battle. Once you get your “foot in the door” you will see that more doors begin to open, a lot easier, and Program Directors do really enjoy meeting new artists. Be sure to build lasting relationships with Program Directors by forming a bound that is built on trust and follow through. Program Directors do talk to one another and a recommendation from one to the another will get your music “added” to playlists across the country faster than anything you could possibly do on your own. However, you must remember it works both ways. You have to always be on to of your game, create buzz, and maintain a professional attitude when dealing with or talking to Program Directors! 

5 Things You Need to Know About Submitting Music to Program Directors in Commercial Radio Stations

5 Things You Need to Know About Submitting Music to Program Directors in Commercial Radio Stations

Learn everything you always wanted to know about Promotional Radio Tours by visiting my webpage, Promotional Radio Tours… Explained!

If you are an emerging artist, group, or independent record label visit http://www.JaiHutcherson.com for additional resources geared at helping you get your music in the hands of potential fans, radio stations, and the masses!

Jai Hutcherson
“Love the Music in Yourself, Not Yourself in the Music.”

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Commercial Property – How The Market Value Is Determined?

Commercial Property – How The Market Value Is Determined?

Investing in commercial property can be a very self-sustaining and lucrative venture. Just like with residential real estate, you can have your tenants pay your mortgage bills for you. If you buy a larger building, often you can have several renters and your investment profits will be even greater. As you look into buying some commercial property, it will be important to get an appraisal of the fair market value of the purchase. This can be provided to you by a licensed appraiser, but it may also be helpful for you to know, how that commercial property market value is determined.

Calculating the value of a commercial property is not as simple as appraising the value of a residential home or apartment building. With residential properties, the value is determined by the condition of the home itself, compared with other homes with similar square footage and lot space in the same area. With a commercial property, the size and the condition of the actual building are still taken into account, including the state of things like the plumbing and heating and roof. But appraisers have to use other indicators to establish the value, because there are not usually many properties of exactly comparable size and location. Comparisons are still used in a general sense by investigating the costs of similar nearby buildings, but there are several other factors that are even more important in determining the market value.

One of the factors that most determine the worth is the market area of the property. Properties that are centrally located within the city limits with good transportation access will obviously be worth more than those that are located farther away from town and are harder to get to. This is because it is worth more to tenants to have their employees and suppliers nearby. A prime location is also valued higher because potential customers will pass the building regularly and have a greater chance of becoming real customers if it is in their normal path of travel.

Another very important aspect that determines the commercial property market value is the potential for rental income. If the building is well located, it will attract more tenants, making the property more valuable. If the building has several spaces for renters, it will be valued higher, because there will be several tenants to generate owner income. The ability to make more money from the property translates into a higher value (and price.)

Finally, commercial property market values are established by considering how many other properties of similar size, state, and income potential are available in the area. If there are plenty of comparable properties in the market, the value will be lower, but generally if a property offers more space or better location than most of the nearby buildings, it will be worth much more. This is because it will typically be able to attract tenants very easily.

While commercial property values are determined differently than residential properties, the contributing factors are easy to understand and look for. Knowing the way commercial properties are valued can help you in picking the best spot for your investment!

Commercial Property – How The Market Value Is Determined?

Commercial Property - How The Market Value Is Determined?

Commercial property investment is a vital task and is very lucrative venture. It is advisable to understand how its value is calculated and which factors affect it. To learn more on commercial property analysis, visit KISCL online at http://www.kiscl.com.

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Top 3 Ways to Purchase Commercial Property With None of You Own Money!

Top 3 Ways to Purchase Commercial Property With None of You Own Money!

Commercial real estate investment is an industry of abundance. There is literally an unlimited amount of money available to people who want to borrow it. So much, in fact, that you can literally purchase millions of dollars worth of commercial property without using one dollar of your own money!

Unless you already have millions of dollars at your personal disposal to invest, or are fortunate enough to have come from a family of wealth, borrowing money is the only way to become a commercial real estate investor. It is a great way to purchase commercial property, even if you have your own millions already, because you don’t have to worry about losing your personal money. In fact, that is how many multi-millionaire commercial real estate investors make their money- by not using their own! If you don’t use it, then you never lose it.

One of the reasons you can borrow money to purchase property is because of something called leverage. You simply borrow money against the property, as it is the property that actually holds the value. This will play a major role in our discussion of purchasing property without using any of your own money.

The first way to purchase property with none of your own money is subordination. Many people consider this way of purchasing property as creative financing. In this situation, the current owner actually takes out a second mortgage on the property to cover the difference of what the purchaser (you, the investor) can get loaned from a bank or private lender. If you are lucky enough to have an owner who will sell the property with no money down, and he or she subordinates a second mortgage for the difference you owe, then you just purchased a property with none of your own money!

When using this tool, it is a good idea to have the owner only subordinate for a short amount of time, like one to two years, just until you can take the money generated from the commercial property and pay off the second mortgage, leaving the owner free of the property. At this point, payment for the property can take place because you will have generated cash through the commercial property. The owner will actually wait to get paid his money for the property! It happens all the time, and everyone comes out happy in the end. You purchase your money generating property with none of your own money, and the owner gets paid for the property. This situation may seem backwards at first, but it works rather well, if you find an owner who is very motivated to sell, and he or she understands this way of investing.

You must always be sure that the property can support the debt, as you do not want the owner getting into financial trouble with the second mortgage. Some owners are weary of this type of investing, as some purchasers do not do as they say, and problems occur. You want to be an investor of integrity and have a reputation of making things happen in the way in which you and the seller agreed.

Another way to purchase property with none of your own money is through the owner releasing some acreage that is free and clear which you, in turn, use to borrow enough money to cover a down payment on the entire piece. This strategy works especially well with raw land. You are basically using a piece of the property to purchase the entire property. Owners may not even be aware of this option, so be sure to mention it or address it in a letter of intent, especially when dealing with many acres of land!

A third way to purchase commercial property without using your own money is using partners. There are experienced investors, builders and developers who will find the financing for you, and basically get the deal ready to go, if you are willing to do the work. The agreements can greatly differ, but the partner(s) will basically finance the deal and take a piece of the return that you create through, either turning a distressed property around, or overseeing the development or building of a specific type of property and making it profitable. Partners can offer great experience and insight so that you can learn more about a specific type of property or the actual industry itself.

When it comes to commercial real estate, there are so many options; don’t ever limit yourself! Be creative and find resources. There is a wealth of information and money available to anyone who is willing to take some time and make some contacts. This industry is not one of limitations, but one of abundance.

Top 3 Ways to Purchase Commercial Property With None of You Own Money!

Top 3 Ways to Purchase Commercial Property With None of You Own Money!

Tony Seruga, Yolanda Seruga and Yolanda Bishop of [http://www.maverickrei.com] specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.

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