News Roundup: Why Inland Is the New Coastal
The Latest Commercial Real Estate News From Liberty SBF
No End in Sight for Industrial Real Estate in Southern California
Industrial is leading commercial real estate across the country, but in Southern California, it’s breaking records left and right. According to GlobeSt, industrial prices in Los Angeles are currently 70% above the national average, while prices in Orange County and Inland Empire have increased significantly in the last five years.
Inland is the New Coastal
Thanks to the vested interest of local community banks, higher cap rates, growing economies and population increases driven by affordability, some investors are moving away from big coastal markets and focusing instead on smaller secondary markets in the Midwest, reports Bisnow.
Liberty Provides More Than $28 Million in SBA 504 Funding in Non-Coastal Areas
Liberty has provided more than $28 million in SBA 504 loans for the acquisition of properties in non-coastal areas in Nevada, Utah, Arizona, Pennsylvania, California and Georgia.
Hotels Are Doing Better than Ever
In 2018, more hotel rooms were occupied – and at higher rates– than ever before. National Real Estate Investor notes that as long as the demand for hotel rooms continues to outpace the number of rooms available, occupancy and rental rates will continue to increase.
Liberty Provides More Than $12 Million in Financing for Hotels
In the space of just one year, Liberty provided more than $12.4 million in financing for hotel properties in Las Vegas, Nevada, and St. Simons Island, Georgia.
How Much Longer Do We Have?
The current real estate expansion is almost in its ninth year, making it the second-longest in the post-World War II era. Many in the commercial real estate industry are wondering if a recession is imminent. While many economists believe that this expansion is in its later stages, experts have put the odds of a recession in the next year at just 15%, GlobeSt reports.
How Can We Help You?
Liberty SBF is the #1 ranked non-bank SBA 504 lender by volume in the country. We offer personal service for SBA 504, bridge and conventional loans. We’d love to help you.