What is Net Operating Income and Cash Flow?
Toward the bottom of the Pro-Forma are important metrics for valuing the property and determining its performance in a deal. Net Operating Income (NOI) is Effective Gross Income – Operating Expenses & Property Taxes. This item is similar to EBITDA for normal companies – a capital structure-neutral measure of core-business cash flow – but it’s not the same. For […]
The 15 U.S. cities with the highest cost of living—San Francisco isn’t No. 1
New York’s Manhattan borough is the most expensive place to live in the U.S. by a wide margin — the cost of living there is more than double the national average. Living costs in Manhattan are 122% higher than average, according to data from The Council for Community and Economic Research’s Cost of Living Index, which […]
Hard Money 101: Everything You Need To Know About Getting Started With Hard Money Loans
When you hear the words “hard money loan” (or “private money loan”) what’s the first thing that goes through your mind? Shady-looking lenders who conduct their business in dark alleys and charge sky-high interest rates? In prior years, some bad apples tarnished the hard money lending industry when a few predatory lenders were attempting to “loan-to-own”, providing […]
Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again?
Thanks primarily to an unexpected rise in mortgage rates, which exacerbated affordability challenges, the spring home-buying season has yet to spring to life. Though newly built home sales are thriving, sales of existing homes, which comprise the lion’s share of the housing market, have stagnated. On the bright side, tepid demand for existing homes is […]
Bridge Loans vs. Construction Loans: What’s the Difference?
Bridge loans and construction loans both are short-term lending options for borrowers who need funds fast. While they are often viewed as the same type of loan because they usually are both funded against the value of an existing property, they are structured for very different purposes. Bridge loans are used during periods of transition, such as a […]
What are “Capital Costs” in Commercial Real Estate?
“Capital costs” refer to spending on items that will provide benefits for many years to come. The most common capital costs for properties are Capital Expenditures (CapEx), Tenant Improvements (TIs), and Leasing Commissions (LCs). In the simple real estate pro-forma above, we group these items into a single line (“CapEx, TIs, and LCs”), but we […]
Bridge Loans vs. Construction Loans: What’s the Difference?
Bridge loans and construction loans both are short-term lending options for borrowers who need funds fast. While they are often viewed as the same type of loan because they usually are both funded against the value of an existing property, they are structured for very different purposes. Bridge loans are used during periods of transition, such as a […]
NON-RECOURSE Real Estate Construction Loans, Acquisition, Refinance Loans, Quick Execution-Fast, Flexible Structures
We provide our clients unique access to non-recourse construction loans for ground-up development of multifamily and commercial real estate properties. Our loan platform offers higher leverage (LTC), flexible draw schedules and competitive interest rates. Achieve better returns by engaging EdwardVoccola & Co. for your next transaction. Non-recourse construction loans are tougher to obtain without a proper lender relationship and an […]
What is Accounts Receivable Financing? What are the Pros and Cons?
Accounts receivable financing is a financial arrangement where a business sells its outstanding invoices (accounts receivable) to a third party (a financing company or a bank) at a discount. This provides the business with immediate cash flow, rather than waiting for customers to pay their invoices. There are two main types of accounts receivable financing: […]
