Commercial real estate is an easier property market segment to work in because it is built around logic and not emotion. Conversely, if the site is located in an area gradually shifting from residential to commercial use, or a tract of vacant land with minimal surrounding commerce, it will be necessary to speak with other property owners as well as the county assessor to determine future development plans for adjacent properties.
Most sources of financing for commercial real estate have dried up. Owners with a property that needs to be refinanced are finding that unless the LTV ratio is 65{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} …