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"I contacted Rick Longpre to help with our search. Within two months we had signed our lease, a location which we would not have found through our regional agent."- Mr.Thom Vernon
President Fresh Produce Sportswear Inc.
Santa Barbara Real Estate News and Insights
Broad socioeconomic trends, national and global, are having, and will continue to have, significant impacts on U.S. real estate. These impacts are visible everywhere, including right here in Santa Barbara.
Most Santa Barbara business owners and entrepreneurs have asked themselves whether they should (or could) buy the real estate used for their business. There are valid reasons to do each: renting may be the better solution if you are just starting out, or you need or prefer the flexibility allowed by leasing or you lack the cash down payment or credit required to purchase. But if you have a successful small business, have some investable cash and can envision stability in the mid-to-long term, then you owe it to yourself to complete this analysis.
Do you have a commercial real estate loan in Santa Barbara coming due in 2016 or 2017? If so, you should start your planning early, especially if you currently have a CMBS loan and are thinking you will be able to go back to the CMBS market. If you haven’t heard, the CMBS loan market has been in turmoil recently, with widening spreads, dwindling lenders and less competitive terms.