In case you haven’t noticed the healthy local economy and young professionals moving to the area in droves, Tampa Bay is in the middle of a growth spurt. The epicenter of this growth spurt is Tampa’s urban core, which is made up of the city’s downtown and its surrounding neighborhoods. This growth and its location have led to an increase of infill development projects, opening up more opportunities for commercial real estate developers. Take Domain Homes’ Urban 360 project for example. The builder partnered with Habitat for Humanity and the CDC of Tampa to provide new affordable housing in the city’s urban core. This new housing is specifically for the people who live and work in the city’s urban core and the entire process has been focused on respecting residents and improving the community. It’s a great example of a successful urban infill project.
If you could cut costs, increase equity and continue growing your business, then wouldn’t you? Of course! For business owners looking to maximize opportunity and minimize inefficiency – and that should be all business owners – the best place to start is with your rent.
As a real estate investor, you can certainly think of a variety of reasons for refinancing commercial real estate. The trick is to know when commercial refinancing makes sense and is a good business strategy.
Links Financial has played a behind-the-scenes role in many Florida real estate deals, both large and small. President Penny Parks has extensive experience working with real estate developers and securing commercial real estate financing. Their familiarity with real estate loans and connections in the industry recently gave the firm and its client, Mosaic, a needed advantage in securing construction financing for The Forum, a multi-family development project in Ft Myers, FL, that broke ground in August 2016.