Jason Potrzeba~ Commercial Loan Officer ~ RI

Commercial Loans in Rhode Island.

Here are a few comments from the Fed's Beige Book Survey on commercial leasing activity in Rhode Island.

Rhode Island commercial leasing activity is at least flat and in some cases noticeably improved when compared to the last report.

In recent weeks a significant increase in leasing activity has been noted. It appears that tenants want to make deals while they still have some bargaining leverage.

This is good news because this is a very good indicator that business is improving and the overall opinion is that it will continue.

There might be some income opportunity in owning some commercial property for the purpose of generating some decent monthly cash flow.

With SBA, USDA and even FHA offering some programs on a variety of property types, purchasing a diamond in the rough could be a definite possibility today.

I am available for any existing or potential commercial property owners to speak about any scenarios you may have.

How are you positioning yourself to capitalize on a recovery?

Jason

King Philip's War: RI & MA.

I've recently discovered and have become very absorbed in this piece of American History. This is an event that took place in 1675-1676 and was a war between the English Settlers and Native Americans. Statistically measuring in deaths per 100k and as a percentage of a population, this war was deadlier than the American Revolution, The Civil War and World War 2

I reside in the East Bay and am thrilled with the fact that this area is rich in historical sites that can be easily visited. I've always been aware of the presence of many places receiving their names from the Indian history in this area, examples, Wampanoag Trail, roads named after Metacom & Massasoit, and the town of Narragansett. What has me very excited is that with just a little bit of study all the events that happened over 300 years ago can come alive again in my imagination with how easy many of the significant sites can be visited.

I am currently reading a book titled King Philip's War, The History and Legacy of America's Forgotten Conflict by Schultz & Tougias. Along with presenting some great material to study this book also provides many maps and acts as a great guidebook to making it easy to locate and visit many points of interest.

Years ago I had visited Anawan Rock in Rehoboth MA out of curiosity of it being considered a haunted site. I will visit it again to also appreciate it being considered the spot in which this war had ended.

Among the sites I plan on visiting to learn more of this history is the historic area of Little Compton. There is a cemetery there where a notable person from this war is buried, Benjamin Church. Nine Men's Misery in Cumberland and a site in Central Falls which marks the beginning of this event.

I'm also discovering a new appreciation for the towns of Warren & Bristol because in the 1600's this was basically all Indian territory. Swansea Ma marks the town in which the war began and Tiverton and Little Compton where then know as Pocasset and Sakonnet who were the tribes that occupied this area.

Jason ( He Who Dances with Low Mortgage Rates...)

Commercial Property Flavor of the Month: 7 Unit Multi Families.

The past 3 commercial loan inquires to come across my desk have all been the same property type. A 7 unit multi family.

After speaking with several of my investors I've found that the financing terms and conditions on this property type are very favorable in todays market. With the 25-30% down the investors look for along with the great financing options, it appears that right out of the gate this property type will easily support itself and generate the person bold enough to make the purchase some nice monthly cash flow.

If you've been on the sidelines or curious to see what type of math would be involved with this sort of investment, please call me directly at 401-437-2008.

With more good quality renters on the market today and with real estate prices being low, this type of investment might easily provide you with a nice income stream and perhaps even a few extra tax deductions.

Jason

Free 24 Hour Recoreded Consumer Information.

What Paperwork is Needed when Applying for a Commercial Loan?

1-800-936-8698 Ext 751

My office just recorded a new tip line for home owners who are selling their home on their own. Hopefully the suggestions, all of which are low cost, can help in making your home more appealing to buyers.

Here is the Free 24 hour recorded consumer information:

1-800-936-8698 Ext 752. Low cost tips on how to make your home more appealing.

If you are selling your home and need help screening out the qualified buyers from the ones who may not qualify for a loan, please call me directly at 401-437-2008.

Jason

RI & Ma Real Estate Agents.

If you are a RI or Ma real estate agent looking to capture more interest on your listings, I may have a system that works well for you.

Free Recorded 24 Hour Real Estate Agent Tip line.

1-800- 936-8698

Ext 370. How Can I Capture More Potential Buyers on My Listings?

If there is any way I can assist agents in RI & Ma with increasing their sales, please let me know.

Jason