Now Is The Time To Buy

By Jeffrey Weitz, President - North Rim Partners

Real Estate has many cycles, values go up and values go down. As a buyer/investor, I have purchased properties at most all the various stages of the cycles. Everyone wants to buy at the bottom of the market so they can get the best deal and value for their money. Today’s real estate market is at that most select time to be a smart buyer and capitalize on the markets bottoming trend.

I have the very good fortune to have a friend who I have watched grow his company from its meager beginnings in his garage at his rental home in SW Portland to a multi-divisional national business that has doubled its growth every year for almost ten years running. As his business grew, he kept expanding to adjacent warehouses to accommodate his growth. He eventually found himself paying more and more of his landlord’s mortgage as he leased more and more space.

We had lunch one afternoon, as we so frequently do, and I suggested that the time had come for him to purchase his own building and consolidate his operations under one roof. He agreed with me, but said he did not know if he could find a lender that would finance both the acquisition of his new location, as well as his business lines he needed to continue to expand his company. I assured him I knew just the right bank and set up a meeting between the two. He was able to get a loan for the new building and a credit line to help with his expansion plans and continue to grow his operations.

Within a month, we had identified the perfect location that was just down the road from his leased warehouses, and in 60 days he was moving his company to the new building. He has continued to expand his company and we are now looking at additional buildings for him to expand even further in to. He also knows now that not only is he growing his business but is investing into his future retirement with his ownership in real estate that he can hold onto and watch appreciate for many years to come.

It is our pleasure to work with companies both new and growing, to identify their specific needs and match up the commercial real estate to compliment their current operations, create efficiency and potential for growth and expansion. We are also in the business of referring our clients to get the personal touches they need in financing, legal, and a whole host of other services to create a winning team now and long into the future.

In the past decade, Now is the best time to be a Buyer in the market place. If you are considering purchasing a building to run your business out of, give us a call and let’s have lunch so we can set up the strategies for a winning solution for you just as we did for my friend.