Another big file off our desk this week. We completed our third transaction for a group that purchases land and then works to increase the value for eventual sale or development. At a little less than a quarter of an acre the borrower did a great job of negotiating the purchase price and undoubtedly will have a successful development on their hands in the future. This transaction is interesting for many reasons the least of which is Continue reading “CASE STUDY – Land…they are not making more of it”
I am just wrapping up a construction mortgage for a group of folks that are opening a second restaurant in Calgary, Alberta. There are several things that make this transaction unique from other conventional commercial mortgages I broker and advise on – the cost of construction and the single use of the building. Continue reading “CASE STUDY – Build a restaurant and they will come”
It is interesting to note that as entrepreneurs we can tend to get caught up not knowing the difference between a blessing and a curse. I adhere to the idea that we are never neither. We are either being blessed with opportunity and new discoveries or we are cursed with having to work through poor decisions and difficult moments.
Every blessing ignored becomes a curse – Paulo Coelho Continue reading “Blessed? Cursed? Both…?”