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.
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.
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 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 is a commercial real estate developer who has been successful throughout his lengthy career in the field. He is currently serving as the President and Co-Founder of BOSC Realty Advisors, and he is also a consultant for a Steadfast Companies, which is property management and development company. Here is a short guide to success in commercial real estate development.
Understand that location is the most important factor in your decision to lease or own commercial real estate. You need to pick a place that you know will have a decent amount of foot traffic, that is in an up and coming community, and is surrounded by businesses that will be conducive to your purpose. The location can ruin a good business, and it can make an average business successful.
Don’t be afraid to hold off on developing a property until it become financially optimal to do so. This is a common practice amongst professionals in the industry because some land can be worth more when developed at a later time. This is especially true if you’ve invested in land in an area you know will be on the rise in the near future.
Commercial real estate needs to be continuously improved in order to be lucrative. Customer wants and needs change all the time, and you have to update your property in order to serve these changes in interest. All things change over time, and this includes the property you rent, control, or own.
Waad Nadhir understands what it takes to be successful as a developer of commercial real estate for his company, BOSC Realty Advisors.
Waad Nadhir is dedicated to his career in commercial real estate, and he has worked hard to be where he is today. He is currently serving as the Co-Founder and President of BOSC Realty Advisors, which specializes in developing and acquiring property. He understands infill development, which is using empty space in urban areas to promote growth. Here are three problems that this process must solve.
First, urban infill developers have a much harder time finding land to use in a city or congested environment. Most of the time, these types of developers can only buy land by the parcel, which means that they could run into property owners who have no interest in selling. There is also a great deal of red tape developers have to go through to get their projects started.
Second, developers could run into social issues or disagreements amongst community members. A main argument is that the space being used for urban infill development could be used for public works that benefit the community as a whole. This could include parks or open space that allow members of the community to enjoy some part of the outdoors in their urban environment.
Third, urban infill developers can run into financial issues as well. This type of development is expensive, especially because it takes place in urban environments. It is much safer and cheaper to develop property in suburban areas than urban areas, which means it may not be financially possible for some developers.
Waad Nadhir has been working in commercial real estate development for years, and he understands the problems facing urban infill developers.
Waad Nadhir is a commercial real estate professional who has been working in the industry for several years. He is the current Co-Founder and President of BOSC Realty Advisors, and he also serves as a consultant for Steadfast Companies. He understands that being in a leadership or managerial position can be difficult; here are some tips for people in those positions.
When working in a leadership position, you need to be able to lead with understanding and compassion. When you have an employee who makes a mistake, for example, don’t get overly upset. You need to try and understand why the employee made the mistake in the first place so that steps can be taken to avoid it later on.
Successful leaders or managers are also able to give their employees space when completing their assignments. Trust is key to being a good leader who is respected by his or her subordinates. Don’t micromanage your employees too much, but that doesn’t mean don’t check up on them at all. Trust your employees to do their work.
Being a leader also means making sure your employees are motivated and work well together. Team building exercises are a great way to ensure that your employees are comfortable with the people around them, and that they trust themselves in the work place. Figure out the best way to motivate your team of employees, and show that you care about how hard they work.
Waad Nadhir is a commercial real estate developer who is currently working in a leadership position, and has been for several years. He takes the time to manage his employees.
Waad Nadhir is a commercial real estate development professional who has been working in the industry for a number of years. He is the current President and Co-Founder of BOSC Realty Advisors, and he is also serving as a Consultant for Steadfast Companies. He is a natural entrepreneur who has experience developing his own companies; here are some business operation tips.
When you’re operating your own business, you need to think about your clientele. This seems obvious, but you need to have the consumer or client at the forefront of all your decision making processes. Think about the way your company can provide the consumer with something better than competition, or how you can offer a new spin on an old, but needed service.
In addition to thinking about the consumer, make sure you hire the right people to work at your company. You need to find hard working, enthusiastic employees who you can trust to do their jobs in a satisfactory manner. This is one of the most important aspects of establishing your business, and you need to start devoting time to finding the right professionals immediately.
Lastly, do your research on your target industry, and develop a business plan. You need to understand the industry you’re about to enter into professionally, and you also need to develop a strategy for growth as you work towards earning a profit.
Waad Nadhir has experience operating, starting, and selling companies throughout his career as a commercial real estate developer. He knows what it takes to make a business successful, and what to do to further that success as time goes on.