We have been enjoying historic lows in interest rates for a comfortable period of time. Even so we were hampered by the lack of availability of financing because banks and other financial institutions were reticent to aggressively “re-enter” the lending arena. But they are now pursuing loans, so we need to look for when interest rates will change, and go north. We need to continue to garner as many commitments as we can until that time comes.
Article submitted by by David Walker, Leasing and Sales Agent for Saurage Rotenberg Commercial Real Estate. Original printed by The Economist, Aug 2nd, 2014
INTEREST rates will eventually rise in the developed world, perhaps in early 2015. The markets are braced for such a possibility. But the more difficult question is how far they will rise: what is the normal level of rates in the post-crisis world?
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David Walker joined Saurage Rotenberg Commercial Real Estate in 2012. David is a graduate from University of Southern Mississippi with a multi major in Accounting, Marketing and Business Administration. David practiced accounting with KPMG in New Orleans, LA. He then began working with Audubon Insurance gaining multiple years’ experience in this field. Leaving as Chief Operating Officer from Audubon Insurance, David began his real estate development career. David has multiple years in real estate brokerage dealing in farm and large tracts of land.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Growth Coalition; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
