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The Deal Board Podcast
Real Estate and Business

Episode 32

Real Estate and Business

"Financing, Acquiring, Selling and Investing"

Description:

If you are looking to purchase a business where real estate plays a major component in acquisition, this episode brings lots of valuable information. Andrew and Jessica bring John Wahl, a lending expert from Live Oak Bank, who talks about financing real estate as part of the business acquisition; also John Devries explains the cases of businesses that rely upon the real estate such as storage facilities, golf courses, and bed and breakfasts, and Echo Meisheng King, from King Law Center, talks about EB-5 Immigration Investment programs and the opportunities that they present to international investors. Listing of the week: John Devries (South Florida). A company that owns 4 golf courses, selling one of them. 141-acre golf course. 7,000 square foot clubhouse and 3,000 square foot maintenance building. Asking price: $2.6 million, $1.8 million assumable mortgage. Call John Devries at 772-260-7647 or email johnd@tworld.com.

Key takeaways:

[2:21] John Devries (South Florida) Storage business.
[4:46] Self-storage units resale.
[5:20] Storage facilities provide land value, building value, and revenue.
[5:43] The golf course business and other revenue strains.
[7:55] Bed and Breakfast as a business opportunity.
[10:25] Advice when going for a real estate acquisition along with a business.
[11:45] Deal of the week: Jack Sluiter (Charlotte South). Couple offering Wedding Venues in a beautiful real estate. Residential and Business. Buyer that wanted to move in the area. Price: $3 million. STE was low and did not cover the assets. Sold at $2,000,000. jsluiter@tworld.com or call 704-826-7099.
[16:16] John Wahl, from Live Oak Bank.
[16:30] 7A and 504 programs.
[19:05] When the business involves a big real estate portion.
[22:37] Listing of the week: John Devries (South Florida). Golf course, 141-acre golf course. 7,000 square foot clubhouse and 3,000 square foot maintenance building. Asking price: $2.6 million, $1.8 million assumable mortgage.
[24:47] Echo Meisheng King from The King Law Center.
[26:33] EB-5 programs.
[28:20] Investment levels.
[29:47] How does an EB-5 program get started?
[31:50] Structuring the business and financing sources.
[32:40] Large developments could be done by a number of investors.

Show Notes:

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