Pacific Northwest Real Estate Investment Market Report: April 2020
The Value of Hard Money in the Real Estate Investment Industry.
Private (or hard money) lenders are some of the most important funding sources for real estate project investors. Whether you’re new to real estate investing or an expert, chances are you will want to scale your business at some point. And every successful real estate investor knows that, to scale your business, you need one thing: reliable funding.
With the current condition of the market, it’s now more important than ever to make sure that you have a relationship with a hard money lender that you can rely on.
See full articleMarket Activity
The first quarter of 2020 started off strong and ended with uncertainty. Consistent activity from the large tech firms, e-commerce and other tenants fueled leasing and absorption rates in the first two months of the year. Although, hesitation from COVID-19 restrictions began to have an impact in the last few weeks of March. New construction continued to advance for most of the quarter along with proposals for additional new development, setting the stage for growth once business returns to normal.
Market Activity
Despite the region losing 0.9 percent of occupancy since Q1 2019, Clackamas County closed Q1 2020 with 1 percent growth in occupancy over the same period. Experts suspect the significant increase in the new product in Portland is the main reason for the occupancy losses, because the new expensive units take longer to lease than the other product. In addition, investment sales in Q1 2020 are on par with Q1 2019, dropping just 7 percent, likely due to some deals being delayed because of COVID-19 related concerns.
Market Activity
In Idaho, new construction is considered an essential business. The new construction is concerned with timelines for spec homes and custom “build jobs”, as they already seen an increase. Jobs that were estimated to take 4-6 months will most likely take 6-8 months due to social distancing, material constraints, and new limits on personnel on a job site at any given time.
