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Navigating Commercial Building Loan Landscape for Small Business

Wolgast Corporation

We checked in with Steve Canole, Senior Vice President of 1 st State Bank, to find out the current commercial financing climate and if there are any changes, insight, or guidance our business owner clients should know to secure financing to fuel their growth. Over the last 18 months, lending is back to financing 75% or lower.

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Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023

Pro Builder

As a precaution, the Fed plans to move full speed ahead with ongoing increases in 2023, Forbes reports. Read more Economics Financing Housing Policy + Finance Housing Policy + Finance Overall inflation hit a 41-year high of 9.1% in June, but Fed officials aren’t convinced that prolonged inflation has finally peaked.

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How Land Banking Could Help Builders Battling Shortages

Pro Builder

How Land Banking Could Help Builders Battling Shortages. Land banking offers a potential solution for builders to generate strategic capital and minimize the risks associated with land ownership in the midst of national shortages, according to John Burns Real Estate Consulting. Land Planning. Land Planning.

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A bank that doesn’t go far enough?

Construction Law

One thing that can be confidently said about the newly announced National Infrastructure Bank (NIB) is that it won’t be funding very much of the procurement of the UK’s national infrastructure. And there is no clear plan to make up Brexit related shortfalls in European funding. Few in the construction industry would object to that.

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How Biden Plans to Address Housing Affordability

Pro Builder

How Biden Plans to Address Housing Affordability. Joe Biden has big plans for the housing market, and especially for housing affordability. CNBC says Biden’s housing plan could relieve buyers by easing the pressure on home prices and supply. Housing Policy + Finance. cbroderick. Wed, 01/20/2021 - 10:04. Read More. .

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15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

No matter what kind of business you’re starting, you’ll need a solid game plan to ensure that your business doesn’t fail before it takes off. 1) Business plan. Just like any new company, drawing up a business plan is crucial. 10) Business bank account and credit card. 2) Startup and ongoing expenses.

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Phases of Commercial Real Estate Development

Construction Marketing

After acquiring the property, the developer must design and plan the project, considering factors such as building codes and zoning regulations, the intended use of the property, and the target market. You must secure financing for the project. This includes creating a detailed project schedule, budget, and phasing plan.