Waad Nadhir: BOSC Acquisitions and Developments

Waad Nadhir is a commercial real estate developer and the Co-Founder and President of BOSC Realty Advisors. Since 1989, BOSC has acquired, financed, leased, developed and managed properties throughout the United States.

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Among the properties acquired, developed and managed by BOSC and its president, Mr. Waad Nadhir, are:

  • Multi-Tenant Retail and Medical

Topinka’s Plaza, Detroit, Michigan

Brea Plaza, Brea, California

Brea Imperial Plaza, Brea, California

Uptown District Center, San Diego, California

Ramblewood Square, Coral Springs, Florida

Denton Square, Denton, Texas

The Terraces, Rancho Palos Verdes, California

Laguna Hills Plaza, Lake Forest, California

Rancho San Marcos Village, Rancho San Marcos, California

Evergreen Plaza, Southfield, Michigan

Shoppes at Montclair, Montclair, California

Woodberk Medical, Berkley, Michigan

2160 Coolidge Medical, Berkley, Michigan

Beaumont Center for Human Development, Southfield, Michigan

  • Office and Parking Decks

30 Oak Hollow, Southfield, Michigan

The Dime Building, Detroit, Michigan

Financial District Garage, Detroit, Michigan

  • Single Tenant Developments

CarChoice/AutoNation USA Automotive Superstores in Lewisville, Texas, Sterling Heights, Michigan, and Canton, Michigan.

In 2017, on behalf of BOSC Realty Advisors, Mr. Waad Nadhir accepted a commendation from the City of Brea, months after accepting a Business of the Year Award from the Brea City Council.

Waad Nadhir: Business of the Year

Waad Nadhir is a Michigan businessman with decades of experience. He is the Co-Founder and President of BOSC Realty Advisors, and in 2016, he accepted the 2016 Business of the Year Award from the Brea Chamber of Commerce on behalf of his company.

The 2016 Business of the Year Award recognized the significant community involvement and business leadership of BOSC Realty Advisors and Mr. Waad Nadhir.

Brea chamber of Commerce presented the award to BOSC Realty Advisors on December fifth, 2016. Soon after, in February of 2017, it received commendation from the Brea City Council.

Waad Nadhir

BOSC was initially formed to develop a single property – known as Topinka’s Plaza. Since 1989, it has developed properties across the United States and is behind three retail concepts. Two of the three were huge successes.

Shopping centers, office buildings, medical office buildings and single tenant buildings for companies including CarChoice Automotive Superstores (now AutoNation USA) and Blockbuster Video are among BOSC’s list of successful property development and management projects.

Mr. Waad Nadhir oversees all asset and property management for three retail centers and three medical office buildings. He also oversees leasing, financing and taxes.

Source: http://bosc.com/2016/11/30/brea-chamber-of-commerce-2016-business-award/

Waad Nadhir: The $15.5 Million Sale of Montclair Shoppes

Waad Nadhir is the Co-Founder and President of BOSC Realty Advisors. BOSC is a real estate company that has developed properties through the United States. It also has three retail concepts, two of which were highly successful, to its name. As of September thirteenth, 2016, it also has the $15.5 million sale of the Montclair Shoppes.

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Located in Southern California, The Montclair Shoppes sold to a local investor represented by Davis Lachoff of Newmark Grubb Knight Frank (NGKF). Waad Nadhir’s BOSC Realty Advisors was represented by Ken McLeod and Tim Kuruzar.

The Montclair Shopping center is 18,889 square feet and its construction was completed in 2016. It has twelve tenants, including Tommy’s Hamburgers, Sleep Number and AT&T. Its location is highly-visible from Central Avenue, across from Costco, Target, Starter Bros. and the Montclair Plaza.

“The Montclair Shoppes are located within an area where the demand for daily-use retailers continues to grow,” said Waad Nadhir when speaking about the property.

Source: http://blaujournal.com/cbre-announces-15-5-million-sale-montclair-shoppes-southern-california/

Waad Nadhir – Differences between Commercial and Residential Financing

Waad Nadhir has been in the real estate business since 1989 and is an expert when it comes to real estate financing.

There are two big differences between commercial and residential financing of properties.

Lenders look at residential properties as personal residences. To qualify for a residential property loan, you need to show your creditworthiness first.

Lenders view commercial properties differently. They know that a commercial property is a place of business, which is why they are first interested in the ability of a commercial property to generate income. Your primary goal when seeking to finance for a commercial property is to show that it will bring more income than it will take in expenses and mortgage payments. Your personal qualifications come second. This means that in certain situations you may have less than ideal credit history, but your income-generating property may allow you to get a loan.

Another difference between commercial and residential real estate has to do with the down payment amount. Commercial properties typically require a down payment of at least twenty percent of the purchase price. Zero-down loans and mortgages are almost unheard-of in the commercial real estate industry. In addition to this, because the loans for commercial real estate are usually much bigger than the residential loans and the risks are higher, the rules are much stricter.

When analyzing the income from a commercial real estate property, lenders look at debt coverage ratio and loan-to-value ratio.

Debt coverage ratio is the ratio of net operating income from the property to the debt payments. Fundamentally, this ratio shows whether the property is bringing enough money to cover the debts for which it serves as collateral. The loan-to-value ratio compares the appraisal value of the property to the loan amount. A typical loan-to-value ratio incorporates the income strength of the property and the financial health of the buyer. While experienced real estate investors like Waad Nadhir may be able to make a deal because of their reputation, newbie investors need to pay very careful attention to the numbers.

 

Waad Nadhir – Commercial Real Estate and Return on Investment

Waad Nadhir has been in commercial real estate business since 1989.

The concept of return on investment or ROI is one of the most commonly used factors in evaluating real estate deals. However, this factor comes with a lot of variables and nuances.

For example, if ROI is rental income divided by the price of the building, do you measure gross income or net income? If you are talking about net income, are you looking at pre-tax or after-tax numbers? Also, do you take mortgage interest into consideration when calculating your expenses?

There are two big issues with ROI in commercial real estate investing. The first one is that there is no such thing as a generally great ROI because every investor has his own or her goals, resources and circumstances. This is why a property with an eight percent ROI can be a great deal for one investor and terrible for someone else. Secondly, ROI is just a snapshot that shows how a property is doing in the moment. It does not show or tell anything about the future.

Most beginner investors try to write down numbers on a piece of paper and work out different ratios. The problem with this approach is that they are very likely to forget something like management fees or vacancy rates that can change numbers drastically. This is why you want to create a spreadsheet that you can use every single time to get the same kind of numbers. You can also use different pieces of software that are now available on the market. This being said, it is impossible for any spreadsheet or software to tell you with absolute certainty whether you should do a deal or not. The best way to know if you should do a deal is to acquire knowledge and build extensive practical experience like Waad Nadhir did.

 

Waad Nadhir – How to Find Great Commercial Retail Estate

Since becoming president of BOSC Realty Advisors in 1989 Waad Nadhir has acquired, financed and developed multiple commercial real estate properties including office buildings, shopping centers and single tenant buildings.

A lot of beginner investors in commercial real estate want to know one way to find great deals. They also want to know the name of one bank that will provide them with financing, one area of town to look for buildings, one key to success. Experienced professionals know that success is a combination of hard work, building connections and looking in many places, be it finding deals or getting great financing.

Get on the mailing lists of commercial real estate brokerages to see what their inventory looks like. A lot of commercial real estate investors want to avoid dealing with real estate agents in order to not pay any commissions. Such real estate investors forget that it’s the seller who pays the commission, so you have nothing to lose if you are a buyer.

The best way to choose a real estate agent is to interview several of them. This does not mean conducting a formal interview in a business setting, but rather meeting with a few real estate agents, talking about what they are doing and getting a feel whether you are going to be a good match or not. For example, some commercial real estate investors are afraid of agents who are also investors on the grounds that an investor-agent will keep all the great deals to him- or herself. In reality, every investor has a unique set of objectives and circumstances. Investors such as Waad Nadhir know that it’s much easier to deal with someone who understands what you do than deal with someone who is clueless about your business.

Waad Nadhir -How Mortgages Really Work

Waad Nadhir has been president of BOSC Realty Advisors since 1989.

Many people think that getting real estate financing is similar to signing a lease on a piece of real estate. Someone who grants a lease is a lessor or the landlord. Someone who takes on a lease is the tenant or lessee. People then assume that when they get a mortgage from a bank they are a mortgagee, the bank is the mortgagor, but this is not how real estate financing works.

Generally speaking, when you want to acquire a commercial real estate property, you do not have the necessary amount of money in order to do so. Even if you do have the entire amount in cash, it is often not smart to part away with it because you lose leverage and cash that you could use to make other deals happen.

Banks have the money that you need, but they have no interest in buying the property on their own. This means that you want to buy the property but don’t have the necessary amount of money and a bank has the money but doesn’t want to buy the property. You then go to the bank and essentially give a pledge to return principal with interest if the bank helps you. This pledge is called a mortgage. You are the one giving a pledge, which makes you a mortgagor and the bank is the recipient of the pledge, which makes it the mortgagee. You are providing a bank with a mortgage in exchange for a given amount of money.

Here’s why this is important: many people think that when applying for a mortgage, they are asking a bank for money. In reality, you are not asking for anything, but you are offering to make a deal. There is a big difference in asking your friend for an expensive piece of equipment that you could use during your vacation and asking to store your Bugatti in your friend’s garage while you are away.

You will feel very differently when you realize that you are not asking for money, but are offering a pledge to the bank.

Once you make your offer, you bankers will want to know what they will get if they choose to make a deal with you. They also want to know the level of certainty that the deal involves. For example, if the property is fully leased and comes with a rental income, then you want to communicate the numbers to your bank. Bankers know that your ability to pay off your mortgage depends on the length of your leases and quality of your tenants. Finally, tell your bankers about the cash flow surplus. Do not create a lengthy spreadsheet. Rather, summarize everything in a few sentences to build confidence that you are a wise investor who is offering a great deal to the bank just like Waad Nadhir would do.