Zoning and land use are critical factors that property owners and those seeking to buy property must consider. Property owners do not have an unlimited right to enjoy and use their property as they please. For nearly 100 years, zoning has been considered an inherent power that a municipality has to regulate property within its borders.
Commercial real estate transactions do not have to be as straightforward as a sale or lease. In fact, a deal can be a combination of the two to meet the needs of the seller and buyer. An example of this is what’s known as a sale leaseback deal.
Commercial real estate projects or investments often require the buyer or developer to have a large amount of funding in place at the beginning of the project. It is not always possible to secure large sums of money, either through borrowing or issuing equity. Borrowers may be able to get conventional financing to meet part, but not all, of their needs. In those cases, borrowers may consider mezzanine loans to meet their needs.