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Property owners sometimes focus almost exclusively on the interest rate and the period for which it is fixed when choosing a new commercial real estate loan or multifamily loan. However, other factors have a significant impact on the “total cost of capital” and can limit or expand owner options later on. Before signing on the dotted line, be sure you have answered these nine questions.1. What are your plans for the property and your objectives in refinancing?Choosing the most advantageous financing solution for your apartment or commercial property involves weighing tradeoffs between the terms and conditions of alternative loan options. Making sound choices begins with a clear understanding or your plans for the property and objectives in refinancing. Is it likely that the property will be sold in the future and if so when? Are you reliant on income generated from the property now or are you looking to maximize income from the property in the future, perhaps after retirement? Is there deferred maintenance that needs to be addressed now or in the near future? Is remodeling or other major upgrades or repairs expected in the next 5 to 10 years? Will you need to access the equity in your property for other investments, for example, to purchase another property?2. What happens after the fixed period?Some commercial property or multifamily loans become due and payable at the end of the fixed period and others. These are often called “hybrid” loans and they convert to variable rate loans after the fixed period. A commercial real estate loan or multifamily loan that becomes due after the 5, 7 or 10 year fixed period may force refinancing at an unfavorable time. Financial markets may be such that refinancing options are expensive or unavailable. Or local market conditions may have resulted in increased vacancies or reduced rents, making your property less attractive to lenders. Frequently the lowest interest rate deals are for loans that become due at the end of the fixed period and include more restrictive pre-payment penalties (see question #4). Hybrid loans convert to an adjustable rate loan with the new rate being based on a spread over either LIBOR or the prime rate and adjusting every 6 months.3. What is the term of the loan and the amortization period?The term of the loan refers to when the loan becomes due and payable. The amortization period refers to the period of time over which the principal payments are amortized for the purpose of computing the monthly payment. The longer the amortization period the lower the monthly payment will be, all other things being equal. For apartment or multifamily properties, 30 year amortizations are generally available. For commercial properties, 30 year amortizations are more difficult to come by, with many lenders going no longer than 25 years. A loan with a 30 year amortization may have a lower payment than a loan with a 25 year amortization even if it carries a slightly higher interest rate. In most cases the term of the loan is shorter than the amortization period. For example, the loan may be due and payable in ten years, but amortized over 25 years.4. If loan converts to a variable rate after the fixed period, how is the variable rate determined?The variable rate is determined based upon a spread or margin over an index rate. The index rate is generally the six-month LIBOR or, less often, the prime rate. The interest rate is computed by adding the spread to the index rate. The spread varies but is most often between 2.5% and 3.5%. The rate adjustment most often occurs every 6 months until the loan becomes due. There is generally a cap on how much the rate can move at an adjustment point. However, some lenders have no cap on the first adjustment. This leaves the owner open to a large payment increase if rates have moved significantly.5. What are the prepayment penalties?Almost all fixed rate commercial property loans and apartment loans contain some form of pre-payment penalty, meaning there is an additional cost to you if you pay off the loan early, which may occur if you want to refinance or you are selling the property or if you want to make payments greater than the scheduled monthly payments. Prepayment penalties generally take the form of a set prepayment schedule, a yield maintenance agreement or, defeasance. A set prepayment schedule predetermines the penalty expressed as a percentage of the loan balance at payoff and declines as the loan ages. For example, the prepayment schedule for a 5 year fixed loan might be quoted as “4,3,2,1″ meaning the penalty to pay off the loan is 4% of the balance in year 1, 3% in year 2, etc. A yield maintenance agreement requires a penalty computed using a formula designed to compensate the lender for the lost interest revenue for the remaining term of the loan over a risk-free rate and discounted to a present value. The formula can be complex, but the result is almost always a more punitive penalty than a set prepayment schedule and will generally make early pay-off financially unviable. The third type of penalty, defeasance, is used less often. It works like a yield maintenance agreement in that its intent is to keep the lender whole for the lost interest revenue but it accomplishes that by requiring the borrower to substitute other securities that would replace the lost revenue instead of making cash payment. Often the most attractive interest rates offered are associated with loans with either a yield maintenance agreement or defeasance. There is generally a window starting 180 to 90 days before the loan is due when the penalty expires to allow time to arrange refinancing. These loans generally become due at the end of the fixed period.6. What are all the fees and charges associated with closing the new loan?Refinancing can be costly and knowing all the costs is essential to evaluating if refinancing is the right choice. The biggest costs are for appraisals, title insurance, escrow fees, environmental review, points, and processing and/or loan fees. Appraisal fees will run $2,000 and up. Phase I Environmental Assessment cost $1,000 and up. Processing and/or loan fees charged by the lender begin about $1,500 and rise from there. Points may or may not be charged by the lender. Some lenders, particularly on apartment or multifamily loans, will cap the expenses at $2,500 to $3,000, excluding title and escrow. It is important understand the total costs in comparison to the monthly savings in debt service resulting from refinancing. How many months will it take to recoup the costs of refinancing?7. Is the loan assumable and at what cost?Many, but not all, commercial real estate loans are assumable. There is generally a fee, often 1% of the balance, and the assuming party must be approved by the lender. Assumability is critical for loans with significant pre-payment penalties, like those with yield maintenance or defeasance clauses, if there is some chance you will sell the commercial or apartment property during the life of the loan.8. Are there impounds and if so what are they?Some commercial real estate loans and apartment loans will require impounds for property taxes or for insurance. A monthly amount is determined and then collected in addition to each principal and interest payment sufficient to cover the property tax and insurance bills as they come due. Such impounds will affect your cash flow from the property because monies for property taxes and/or insurance are collected in advance of when they are actually due. Impounds increase the effective interest rate on the loan because they amount to an interest free loan the owner is making to the lender.9. Does the lender allow secondary financing?Finding secondary or second lien financing has become quite difficult and many lenders do not allow it under the terms of the loan. However, market conditions may change, making this type of lending more available. If you have a relatively low loan to value and there is a chance you might want to access the equity in your property to pay for major repairs or remodeling, to acquire additional properties, or for other purposes, a loan that allows secondary financing can be beneficial.Securing a letter of interest from a lender can be time consuming. Many owners approach only their existing lender or a well-known commercial bank lender in their area and assume that the offer they get is the best available. This is not always the case. In many cases, smaller or lesser known lenders offer the most aggressive or flexible terms. There is no way of knowing without getting multiple quotes. A good commercial loan broker can be very beneficial in securing for you multiple letters of interest and helping you compare the terms and conditions of each and select the solution that best meets your goals and plans.

Marketing:
Marketing alludes to the actions of an organization related to purchasing and selling an item or administration. It incorporates publicizing, selling and conveying items to individuals. Individuals who work in organizations’ showcasing offices endeavor to get the consideration of target crowds utilizing mottos, packaging plans, superstar promotions and general media presentation.
There are four variables known as the advertising blend or the four Ps:
Product:
So as to figure out what you ought to offer, you should comprehend your objective, client’s needs and afterward tailor your item to address those issues.
Price:
The cost that you charge will impact the number of offers and the sum sold. On the off chance that you value it too low, it might create the impression that the item is of lower quality or you may basically make too little benefit. Whether you value it too high, clients may purchase fewer things or in little amounts.
Place:
Place alludes to both where you will offer your item and how you will disperse it.
Promotion:
For individuals to purchase your item, they should know about it, have a positive impression of it, and be persuaded that they need it.Digital Marketing:
The advancement of items or brands by means of different types of electronic media. For instance, publicizing mediums that may be utilized as a component of the advanced showcasing system of a business could incorporate limited time endeavors made by means of the Internet, web-based life, cell phones and electronic boards, and by means of computerized and TV and radio channels.
Digital media is pervasive to the point that buyers approach data whenever and wherever they need it. Those days are gone when the information about your product or administrations are delivered by you and people got to know about only those pieces of information which you want them to hear. It is a progressively developing wellspring of news, purchasing or selling and communication. Also, they will probably trust them than you. There is the increase in demand for brands that are trusted by individuals, customized interaction and also personalized offers that are made according to their needs and interest.The 5Ds characterize the open doors for buyers to interface with brands and for organizations to reach and gain from their gatherings of people in various ways:
Digital Gadgets:
Gatherings of people encounter marks as they cooperate with business sites and portable applications commonly through a mix of associated gadgets including cell phones, tablets, workstations, TVs and gaming gadgets.
Digital Platforms:
Most co-operations on these gadgets are through a program or applications from the signifying stages or administrations, that is Facebook (and Instagram), Google (and YouTube), Twitter and LinkedIn.
Digital media:
Distinctive paid, possessed and earned interchanges channels for coming to and connecting with gatherings of people, including promoting, email and informing, web indexes and interpersonal organizations.
Digital Information:
The knowledge organizations gather about their group of user profiles and their associations with organizations, which presently should be ensured by law in many nations.
Digital Innovation:
The showcasing innovation or technology stack that organizations use to make intelligent encounters from sites and portable applications to in-store stands and email battles.Benefits of Digital Marketing:
Most Prominent Form of Marketing:
Digital marketing can possibly change the manner in which you reach and draw in your clients.
Cost-effective:
Digital Marketing gives you a chance to spare your money to a considerable degree. This can possibly replace expensive publicizing stations. You can help your leads with email promoting mechanization. Along these lines, it will enable you to pre-stack substance and schedule it for conveying the content at key circumstances.Most Measurable Form of Marketing:
With conventional marketing, you need to sit tight for quite a long time, now and then even a very long time before the promotions begin to turn up. In this skirmish of conventional versus web-based advertising, web-based promoting wins again attributable to its fast outcomes. By estimating your digital marketing efforts continuously, you can see which strategies are working and which are definitely not. At that point, you can modify your advertisements for more prominent achievement. You can likewise take the bits of knowledge that you’ve picked up from the procedure to enhance future campaigns.
Target Ideal Buyers:
With digital marketing, you can guarantee that the correct customers are seeing your substance. Web optimization enables you to achieve those customers who are hunting the web for content and themes that are important to your business. While pay-per-snap, display, and internet-based life publicizing empowers you to focus on the individuals who are well on the way to be occupied with your items or administrations in light of statistic data and general qualities.
Benefit for Small Businesses:
This introduces an extraordinary open door for independent ventures to associate with potential clients and instruct them amid the starting phases of the purchaser’s excursion. By making pertinent and drawing in content that is upgraded for the web crawlers, you can enhance your visibility on the web and achieve clients when it is most important.
Attract Customers:
Digital marketing encourages you to achieve these connected users. In addition to the fact that you are ready to distribute and advance one of a kind content on these social locales, but on the other hand you’re ready to achieve purchasers through promoting. Web-based platforms like Facebook offer modern focusing on choices that assist you to achieve the customers who are well on the way to be occupied with your items or administrations.
Higher Engagement:
By improving your webpage content for the web indexes, you can work to achieve more purchasers on the web. Utilizing important keywords that assists portray your item or administration offerings can enable you to convey more focused traffic to your site, which expands transformations after some time.
Connect with Mobile Users:
Having a predominant online presence that is upgraded for cell phone and tablet clients can impact purchasing conduct. The vast majority of versatile searchers utilize their mobiles to keep an eye on forthcoming in-store buys, and about every one of them searches for the most applicable data to their inquiries. Some of the versatile clients have bought from an unexpected brand in comparison to the one they had as a main priority in view of the data recorded.
Analyze and Adapt Easily:
Since digital marketing gives genuine, convenient information, you can watch and adjust to the patterns and the activities that genuine individuals are taking. You don’t need to depend on, an example, informational index or make any informed speculations – design, execute and adjust in a hurry in view of genuine execution information.
Make Business More Competitive:
Digital marketing is the manner by which organizations are working now and will keep on working later on. On the off chance that your business isn’t as of now in the digital marketing division, at that point you’re behind. Guarantee your business is aggressive by utilizing a savvy digital marketing procedure.
Contribution towards Environment:
Traditional marketing utilizes a large number of papers for their promotions. For example, for hoardings, advertisement in newspapers, pamphlets only paper is utilized. And this had a negative impact on the environment. On the other hand, digital marketing promotes any product or services through social media or emails.
The sole advantage of diminishing paper utilization is sparing the world. The climatic changes we are seeing at this level will be decreased at a more noteworthy rate. The fundamental favorable advantage is picked up by nature.
Not just our condition can profit by the decrease of paper utilization, yet we can likewise pick up focal points, for example, sparing money. When you will utilize less paper then, you won’t need to purchase more papers. You will spare your cash in general. Firstly, your paper expenses will diminish, then your printing expenses will likewise diminish. You should comprehend that every one of these things is interrelated.
Paper utilization in numerous parts of the word is on the ascent. Extending generation and pulpwood gathering undermines a portion of the final regular timberlands and the general population and natural life that rely upon them. The increased use of digital marketing altogether adds to environmental change.
Dreamworth Solutions:
So, if you want to make your contribution towards the environment, choose digital marketing over traditional marketing. One of the best Digital marketing service provider in Pune is Dreamworth Solutions. They have a significant involvement in digital marketing taking care of nearby, local, national and global customers from various foundations. Be it any kind of business, they extremely surely know the necessities and prerequisites of each sort and work likewise to enable you to accomplish more noteworthy statures.
Being an IT organization, they guarantee experienced, proficient group endeavors, develop every opportunity to influence you to emerge from the center. They are additionally dynamic in digital marketing from Business to Business organizations. They make companies figure out how Business to Business organizations can do digital marketing to extend their work in the market. They come out as one of the leading SEO services provider in Pune, who are known to deliver the required results every time.
Dreamworth Solutions is one of the best digital marketing companies in Pune. They value their customers and believe in on-time delivery of their services.
For details visit website: https://www.dreamworth.in
Email-ID: [email protected]
Phone: 086056 97774

There are several reasons why starting an online business is a great idea for anyone that wants to have more freedom and wealth. Here are five reasons why I encourage entrepreneurs to start and online business.1. Not every idea we come up with is going to become a winner and make money New businesses are started every day and only a few become successful. In the event that the business does crash and burn it is easier to bounce back without all of the financial responsibilities that you would have in a traditional business. I myself started an online business for $50 by purchasing a franchise with an already existing online business. This was great because I didn’t have to create anything and to this day is my main source of income.2. Residual income and Advantages The right business can be developed into a stable, residual source of income. In fact, there are plenty of ways to create online businesses that make six figures yearly. Imagine if you could spend your spare time learning how to create successful online businesses, resulting in several income-producing assets that will continue to earn money while your out playing golf or on vacation with the family.Remember that business has changed. The way people are making money is changing. Old ways won’t open new doors. Starting an online business today will give you a running start in the new economy.3. No disadvantages and faster personal growthThe rules of business don’t adjust based on age, a business owner in their mid 60s has the same risks and responsibilities that someone in their early 20s has.Running a business introduces you to many life lessons, and being introduced to them at an early age will allow to develop into a more balanced person a lot sooner.4. Ability to work from anywhere in the worldHaving an online business with will allow you to work from wherever you want in the world. All you need is a laptop or smartphone with internet access. You can start your day when you feel you are ready and work as much or as little as you want.The work won’t be any easier on a beach in Mexico than it would be in an apartment in Paris, and you will still have the same battles and challenges that every entrepreneur faces, but the option to do it from any location or while traveling is real.5. Less risk and little financial commitment to startBefore the Internet it was very difficult for just anyone to start a profitable business. Credit cards, Bank loans, lines of credit weren’t easy to get and still aren’t for everyone.An online business for the most part has lower overhead when compared to an offline traditional construction business, translating into less of a financial commitment. This allows anyone to be able to start a profitable online business. The only variable is your commitment to making it happen.Were these helpful? There are others out there that could use this advice, feel free to share around and drop me a comment if you found this helpful!