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.

Waad Nadhir4

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 – 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 – How to Be a Successful Entrepreneur

Waad Nadhir is a businessman, entrepreneur, and commercial real estate professional. He is currently serving as the Co-Founder and President of BOSC Realty Advisors, and he has developed other businesses as well. Being an entrepreneur and creating your own success can be difficult, but here are some useful tips all entrepreneurs should keep in mind during their careers.

Don’t be afraid to take risks. Being an entrepreneur is all about taking risks in order to reap your rewards; don’t be afraid to take some risk in order to do big things. Doing some research before jumping into a project can help alleviate some of the unknowns, but there will always be some risk involved that can’t be helped. Learn to enjoy the risks when they pay off in the future.

Develop a strategy in order to maximize your success. Entrepreneurs need to be able to strategize when it comes to their projects so that they can rest assured their investments will pay off. This can come in the form of research, having a business model, or even simply involving yourself in an industry you already know a good deal about. A decent strategy will pay off in the long run.

Always research before getting involved in a new project. As an entrepreneur, you need to be able to minimize as much risk on your end as possible so that you have a better idea of what you’re getting into. Research in the industry, the top players, who your competition will be, and so on.

Waad Nadhir has been developing businesses for several years, and he’s sold many of his companies.