The Denver Metro Commercial Association of Realtors (DMCAR) held an event October 29th at Denver's Hyatt Regency hotel for the inauguration and installation of officers. The members welcomed the incoming President, Eric Nesbitt, and the new DMCAR leadership. In addition, the outgoing Directors of DMCAR were recognized and given a thank you for their work.
Nesbitt remarked that as President he would do all he could to build upon the achievements of the association's previous Presidents and will seek to deliver the same level of outstanding service. In the 
coming year, he plans to place a focus on enhancing member benefits in addition to implementing additional member resources.
Nesbitt is President of The Nesbitt Group, a real estate attorney, real estate broker and Director of KW Commercial. Additionally, he serves on the newly created Commercial Leadership Council, a group of North American commercial brokers selected to guide KW Commercial.
DMCAR, with more than 2,000 members, is one of the largest commercial real estate trade associations in the United States.
At a recent Denver Metro Commercial Association of REALTORS® (DMCAR) Industrial and Land Marketing meeting the speaker was Brandon Rogers of Terrix Financial. Mr. Rogers spoke to the group of commercial real estate brokers about the current state of commercial lending in the Denver market. Terrix represents insurance companies as well as in-state and out-of-state banks for commercial loans. His initial description of the market was summed up in one word: "chaos." Even though the word "chaos" best describes the current market Rogers went on to say that it is not all doom and gloom.
Rogers adds that many lenders are gone and more are just sitting on the sidelines waiting for more normality. A few words to describe commercial loans in this climate: lenders are more conservative, loans are harder to get than 12 to 15 months ago, loans are on a case-by-case basis, lenders are looking more at the property itself, location, visibility, access, etc.
Insurance companies are conservative as always looking for stable properties. Rogers says that money has freed up some in the last 2 weeks for apartments, industrial, and office. Banks are doing 70 to 75% loans.
On the customer side, borrowers are looking to bridge the 24 to 30 month time frame until commercial credit frees up.
"Some lenders are still allowing seller carry back seconds. Some lenders look at the debt coverage ratio of both the first and second and others don't," according to Rogers.
Fees may increase some since there is less competition as lenders withdraw from the market.
"The deals are harder but they are getting done despite what the media says," says Rogers. "There is money still out there."
See our website at www.ColoradoProCommercial.com .
Throughout history, from ancient Hebrew Proverbs to the modern Donald J. Trump, we have advice from the men and women who have become successful by investing in real estate. As you read the following quotes, you may note, as I did, there is a genuine love and respect for real estate coming from these famous people. Enjoy...
"Don't wait to buy real estate. Buy real estate and wait." -Robert G. Allen
"Why put your money in the stock market when over 95% of the wealth in this country was, and still is, being made with real estate?" -Unknown
"Don't wait to buy land, they aren't making any more of it." -Will Rogers
"It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate." -Donald Trump
"The land is good. Be not hesitant to go, and to enter to possess the land." -Judges 18:9, Old Testament
"The major fortunes in America have been made in land." -John D. Rockefeller
"I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent." -Ivana Trump
"Landlords grow rich in their sleep." -John Stuart Mill
"Ninety percent of all millionaires become so through owning real estate." -Andrew Carnegie
"I bought properties inexpensively and made a lot of money. I began to think it was easy." -Donald Trump
"He is not a full man who does not own a piece of land." -Hebrew Proverb
"God, please just give us one more real estate boom." -Steve Hewson
"Remember, anyone can do it--not everyone will. The only question is: Will you?" -Gary Keller in The Millionaire Real Estate Investor
Comment or send us your favorite real estate quotes from famous people. Email: Steve@ColoradoProRealEstate.com Website: www.ColoradoProRealEstate.com .
Metro Denver's commercial real estate market continues to be a bright star among large U.S. cities. National and international investors have Denver on their radar screen for investment. Commercial transaction volume is down from the prior year but Denver continues to be a strong market. Absorption continues to be positive, lease rates steady to up, and vacancy rates for industrial, retail and office remain low.
The subprime meltdown of residential real estate has spilled over into commercial financing. Even though commercial properties have an extremely low national foreclosure rate, lenders have increased their down payment requirements and tightened underwriting criteria. Commercial loans are still available to higher quality borrowers. However, the borrowers who need higher leveraged transactions are finding it difficult to finance the transactions. Commercial mortgage brokers are working harder than ever to match up borrowers and lenders.
While most Denver area sub-markets are doing well, the Denver-Boulder I-36 corridor is the one attracting most of the attention. With the announcement of the coming ConocoPhillips move bringing 7,000 jobs to the area, commercial real estate is hot in this sub-market.
See our website at www.ColoradoProCommercial.com
In this financial climate, investors need to re-think their allocation of assets between cash, stock, bonds and real estate. We recommend revisiting the 6 advantages of investing in income properties:
Leverage. Investors receive two benefits from using leverage (OPM-Other People's Money). First, the investors have a high percentage rate of return on the invested capital. Second, the investors can grow their real estate investments and wealth to much higher levels with the use of leverage.
Cash Flow. After the payment of expenses, debt reduction and taxes, investors have cash flow to re-invest in the property, buy the next investment, or distribute to the investor(s).
Appreciation. Through the use of leverage, inflation, and the laws of supply and demand investors achieve higher returns and growth than stocks, bonds or cash.
Tax Benefits. When investors dispose of the property they pay a lower capital gains rate than the taxes paid on ordinary income. Investors can defer taxes through the use of 1031 exchanges. Along with deductions for all of the property's expenses, the tax laws let investors deduct depreciation from income to reduce their tax bill.
Reduction in Principal. The income payments that investors receive are used to pay off the investor's mortgage by monthly principal payments, i.e. principal reductions.
Value Creation. Investment properties will increase in value through property improvements that allow for rent increases, thus increasing the value of the property.
"Don't wait to buy real estate...Buy real estate and wait." Robert Allen
See our website at www.ColoradoProCommercial.com
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Contact us with all of your real estate needs. We make our promise to provide you professional, conscientious service with a goal of exceeding your expectations.
Steve Hewson ABR, GRI, MRE, RECS, SRS, TRC, REALTOR® Professional Experience Our Commitment
Real Estate Consultant / Broker Owner
Steve has over 15 years of residential, investment and commercial real estate experience. Prior to receiving his real estate broker's license, he served in the corporate roles of Chief Financial Officer and Chief Executive Officer where he developed a diverse background in residential, industrial, office, retail, apartments, construction, development, and mergers and acquisitions. His commitment as a REALTOR® to client satisfaction and hard work has earned him his clients' trust and loyalty.
"Contact us with all of your real estate needs. We make our personal promise to provide you professional, conscientious service with a goal of exceeding your expectations. Thank you for using our professional consulting services." - Steve
Your Complete Source for Colorado Real Estate
You have our team of dedicated real estate professionals assisting you throughout the real estate transaction - from start to closing. Steve Hewson, The Residential Group and The Commercial Group are able to offer more quality and individualized service to you in a faster and more attentive way. You will see and feel the difference when you experience our level of service. And on top of this, we will use leading edge technology to dramatically improve the speed, efficiency and innovative capabilities of every part of the service we deliver. We don't expect you to care about the fine details of the inner-workings of our office. What you should care about is simply this...you are choosing professionals to work for you to create a seamless buying, selling or investing experience. Steve Hewson and The Residential Group have built a network of support professionals from mortgage brokers to inspectors to closing specialists who are all at your disposal since you are the client. We have REALTORS® available in our office who can speak the following languages: English, Spanish, Chinese/Cantonese, Hungarian, Italian, Vietnamese, and Cambodian/Khmer. We can save you time, stress and money, regardless of which side of the real estate transaction you are on. Let us take care of the details for you.
When you buy or sell a home, or invest in a property, you are making one of the most important financial decisions in your life. You want to be certain you are using a real estate professional who will work for you throughout the process. The interests of you, our clients and customers, come first. We provide you with professional, conscientious real estate services using a streamlined process at a pace consistent with your needs. Selling a Home When you are ready to sell your home or another property, you will be able to take advantage of our full range of advanced seller marketing resources. Buying a Home We have many buyer resources to assist you in your search to buy the right home for you. We also help you determine your borrowing capacity and we have lender sources qualified to find the right loan for you.
Residential Real Estate Services
www.ColoradoProRealEstate.com
Investing When you acquire investment real estate, we help you locate the right property, and then assist you in the evaluation of its investment potential. If you are selling an existing real estate asset, contact us for our advanced marketing resources.
Commercial and Investment Real Estate Services
www.ColoradoProCommercial.com
Office · Industrial · Retail · Land · Investment · Apartments
Professional Real Estate Services When you buy, sell, lease or invest in a commercial property you want to be certain you are using real estate professionals who will work for you throughout the process.
Our Commercial Services You have access to our extensive range of integrated services: Brokerage, Leasing, Development, Consulting, Real Estate Management and Business Brokerage.
Satisfied Clients The interests of you, our client, come first. We provide you with professional, conscientious commercial real estate services, using a streamlined process at a pace consistent with your requirements.
Advantages for Our Clients We achieve success for you, our commercial client, by seizing strategic opportunities for you; moving rapidly with streamlined processes and client communications; and providing you with information to make informed financial decisions.
Results for Clients You can rely on our full array of services because you know that we will handle each transaction and each investment with the creativity, energy and perseverance needed to get you the results you need.
Investor Services When you purchase investment real estate, we help you locate the right property, and then assist you in the evaluation of its investment potential. When you want to sell an existing real estate asset, contact us for our advanced marketing resources. We are also available to assist you with a 1031 tax-deferred exchange.
Local Expertise...International Reach Our experience and business scope extend both nationally and internationally, while maintaining a local focus on the Colorado Metro Denver-Boulder and Front Range commercial markets.
The KW Commercial Group You have our experienced KW Commercial® Group and a network of dedicated real estate professionals assisting you throughout the real estate transaction, from the beginning to the end.
Steve Hewson ABR, GRI, MRE, RECS, SRS, TRC, REALTOR®
Real Estate Consultant / Broker Owner
Professional Experience
Steve has over 15 years of residential, investment and commercial real estate experience. Prior to receiving his real estate broker's license, he served in the corporate roles of Chief Financial Officer and Chief Executive Officer where he developed a diverse background in residential, industrial, office, retail, apartments, construction, development, and mergers and acquisitions. His commitment as a REALTOR® to client satisfaction and hard work has earned him his clients' trust and loyalty.
Our Commitment
"Contact us with all of your real estate needs. We make our personal promise to provide you professional, conscientious service with a goal of exceeding your expectations. Thank you for using our professional consulting services."
- Steve Hewson
Professional Memberships
Education and Designations
Success Stories: What buyers, sellers and others say...We thank our loyal clients who have taken the time to write these testimonials. We recognize that our client's referrals and repeat business are responsible for the continued success of our business.
I wanted to thank you for all the hard work you put into making the deal happen. You will definitely be HIGHLY RECOMMENDED! Thanks again.
Your dedicated work ethic provided me with consistent follow up and communication to keep me on top of everything.
I want to say thank you for all of the hard work, excellent advice, excellent knowledge of the [real estate] industry, and your high standard of ethics...
Selling or buying, Steve will deliver the level of services you require to make it happen.
I truly appreciate your professional demeanor and approach to the real estate brokerage business...Thanks for resurrecting this transaction.
Thanks again for all of your hard work and effort to bring this transaction to a successful closing.
We chose you to be our real estate broker when we saw the level of professionalism you displayed when we first met you.
We want to thank you for all that you have done for us. We certainly appreciate everything.
Thanks for your dedication to keeping this deal moving forward. It was a pleasure to work with you.
Thank you for all of your hard work!!!
Steve, by the way, excellent tenant representation on your behalf.
We enjoyed your positive attitude and your professionalism.
I can never thank you enough for your help...You are the best!
Thank you for working so hard.
I just had to thank you so much and tell you that you are the best real estate agent that I've ever met.
You delivered on what you promised.
You were accessible when I needed you.
You are a wealth of information. Thank you for all of your help.
Thank you so much for all the time and effort you took in selling our house. It was nice to know we could count on you even when we were out of state. Thanks, Robyn and Scott
Your services exceeded my expectations.
Thanks for working so diligently on this contract. You are a fabulous real estate agent!
You really go the extra mile.
THANK YOU for all your hard work on this deal!
I am very happy with your service.
...I have nothing but praise for his skills and ethics in all phases of the transaction. He brought to these transactions his broad experience, honesty and competence...Steve worked diligently to achieve the best possbile results to the satisfaction of the clients; I found his work, character and office manners, the true meaning of professionalism.
Steve is very honest, reliable and responsible.
We really appreciate you going above and beyond...
Your service is excellent.
Thank you for your effort in making a difference...you are awesome!
Thanks for your hard work. It's appreciated.
Thanks again for everything...all of your time and assistance. We really appreciate that, and we will always keep you in mind for ourselves or others in the future.
Thanks for the new and hopeful energy you are bringing to the project.
Thank you for all of your hard work and support in working with us.
Thank you for your hard work and efforts.
I would gladly recommend you to others. I will use you again.
You have to be the hardest working guy in real estate...Thanks!
Thanks Steve for all your hard work.
What a pleasure to work with someone who knows what they are doing...Nothing is better than a good transaction.
I so appreciate all of the work you have done.
Thanks Steve...You've been refreshing to work with.
I wanted to thank you for taking the time to help me...I greatly appreciated your advice.
Thank you for working so hard. Your service is excellent.
It's refreshing to find a realtor that is honest and knows what they're really doing.
MORE...
"Dear Steve, ...Your professionalism, thoughtfulness, and diligence exemplify some of the traits found only in the best. I would like to wish you much success and achievement as you continue to grow your business. Thank you for representing Keller Williams Realty in such a truly amazing way!"
-Gary Keller, Chairman of the Board, Keller Williams Realty
"Dear Steve...On behalf of Gary Keller, Mo Anderson, Mary Tenant and the entire team at Keller Williams Realty International, we want to thank you for your leadership in driving our company's phenomenal growth!...Keller Williams Realty succeeds through people like you...Thank you again for contributing to this company's awesome growth."
-Mark Willis, CEO, Keller Williams Realty
"Dear Steve...The Keller Williams Colorado Region would like to take the opportunity to congratulate you... We are proud to have you as a member of our Keller Williams family."
-Al Alba, Colorado Region President, Keller Williams Realty
"Dear Mr. Gary Keller, I just wanted to share with Keller Williams the relationship and overall experience I have had with Mr. Steve Hewson. First of all, let me say that Keller Williams could not have a better representative for their company. Steve's professionalism and communication skills are second to none...Steve has gone way above and beyond what we have ever seen in the real estate business...he kept us well informed throughout the entire transaction!...Steve was the ultimate communicator on all of the details. His calm demeanor truly helped in lessening the anxiety of the total experience..What separates people in general is a sense of true sincerity and passion for what they do. Steve embodies all of these traits. Through all of the adversity Steve remained positive and upbeat...I would recommend Steve Hewson without reservation to anyone who needs a true real estate professional to represent their interests. I cannot begin to say enough wonderful things about Steve Hewson so I am asking anyone who really wants to know to please call or email us."
-Sincerely, Charles Martin and Carole Laman
Trust n.v. 1. reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence. 2. confident expectation of something; hope. 3. to have trust or confidence in; rely or depend on. Webster's College Dictionary
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