CRE Allowing Owners to Decide Which Way to Push Equity

Value in commercial real estate is at a high, and it’s allowing property owners to have the opportunity to refinance properties in order to invest in ventures elsewhere.

Interest rates are low now but are forecasted to rise in 2017, so this is a great time to refinance if an opportunity to place capital in another investment arises. Also, many are avoiding selling property all out with the percent of capital gains being so high.

“Taking advantage of low rates to drive cash flow and returns makes a lot of sense,” said Brian P. Ward, president of Capital Markets: Americas for Colliers International in Seattle. Overall, the decision to sell out or refinance a property is completely circumstantial depending on the owner’s intention of duration in investment. 

 

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Nick Banks

Nick created Front Street Commercial Real Estate Group in 2002 and spent the first eight years developing and acquiring office and retail projects in South Florida as well as North Central Florida. In 2010 the focus of the firm was shifted to primarily serve third party clients and perform brokerage, property management and mortgage banking functions. Nick has personally developed and acquired nearly 200,000 square feet of office and retail properties in markets throughout Florida. Prior to founding Front Street, Nick was the Director of Finance and Dispositions for Stiles Corporation in Fort Lauderdale where he financed and sold over $500 million in commercial real estate. Before joining Stiles, Nick was an Associate Director at GE Capital Real Estate where he sourced over $200 million in financing throughout Florida. Nick is a graduate of the University of Florida with a degree in Finance and a concentration in Real Estate. He serves as a board member and current vice-chair for the United Way of North Central Florida where he also chairs the Development Committee. Nick is actively involved with the Gainesville Area Chamber of Commerce where he serves as a board member and committee member for the Council for Economic Outreach. He is also a recent graduate of Leadership Gainesville which is a year long leadership program hosted by the Chamber. He is a member of Grace United Methodist Church where he has served as finance chair and as a member of the leadership council. Nick serves as an advisory board member of the University of Florida Bergstrom Center for Real Estate Studies. Nick was recently named chair of the Gainesville committee for the North Florida chapter of Urban Land Institute (ULI). He is a licensed real estate broker in the State of Florida and is a long time member of the International Council of Shopping Centers.

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