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Federal Transportation Spending Bill Ignores Truck Parking Again

A resident of FL, Evan Seiden has been working in the field of real estate investing for over 15 years. The former manager of real estate investment at Lone Star Funds, is now the CEO of Relentless Capital, LLC. Focused largely on investing in off-market properties, Evan Seiden of FL is one of the largest operators of institutional quality truck parking facilities, an issue that is often ignored when infrastructure spending bills are proposed by the government

In Washington, DC, Democrats and Republicans are arguing over spending goals for the American Jobs Plan proposed by President Joe Biden. While Republicans have largely focused on road and bridge spending, the White House wants a bill that provides funding for waterways, rural broadband, and climate change matters. However, this debate hasn’t stopped the progress of other bills, like the new surface transportation law that was released by the Senate Environment and Public Works Committee (EPW) in May 2021.

This new transportation law would replace the existing law after it expires in September. Exceeding the 2015 FAST Act by 34 percent, it is worth $303.5 billion and is a key part of the foundation for the American Jobs Plan.

Receiving bipartisan support, the new bill demonstrates that Republicans also want climate change funds implemented into new transportation bills, as evidenced by the inclusion of funding for pedestrian and bicycle infrastructure. A portion of the new bill draft also recommends funding projects that reduce truck emissions at port facilities and promotes both alternative fueling and charging infrastructures.

Unfortunately, while the bill focuses on providing money for roadway maintenance, it does not address the building of safe truck parking. The Owner-Operator Independent Drivers Association noted that this lack of parking is a top safety concern for truck drivers, and has been working on addressing the truck parking crisis for years.

What Are Off-Market Properties and What Are Their Benefits?

Entrepreneur Evan Seiden of FL serves as the CEO of Relentless Capital, LLC. Through this FL company, Evan Seiden and his team invest in compelling real estate properties. These are typically sourced on an off-market basis.

In the real estate world, off-market listings are those that are for sale, but not listed on the Multiple Listing Service (MLS). Such properties can include houses, commercial properties, and vacant land. In this case, the listing agent is responsible for sourcing possible buyers for the property, since off-market listings are not seen by the public.

There are many reasons why properties are listed off market. The real estate agent may be waiting for the right offer before selling, the home may be close to foreclosure, or the homeowner may only be considering selling their house. Off-market listings give sellers a greater ability to test the waters and keep the sales process more private. It also provides them with greater negotiating power when determining sales commissions for the agents involved.

Buyers also benefit from off-market properties. One benefit is having less competition when buying or bidding for certain properties. This is particularly helpful in hot real estate markets where buyers may find it very difficult to lock in homes or investment properties if they are listed publicly. Off-market listings also provide buyers with more time for looking over properties, and helps keep negotiations with sellers friendlier and more flexible.

Three Trends in Commercial Real Estate to Watch in 2021

Proven truck parking expert Evan Seiden of FL heads Relentless Capital, LLC, as chief executive officer. Having previously served as the manager of real estate investments for Lone Star Funds, FL resident Evan Seiden spoke on a panel about commercial real estate financing at the 2016 Borrower & Investor Forum on Real Estate Mezzanine Financing and Subordinated Debt. He actively stays abreast of changes related to the field of commercial real estate.

For the commercial real estate industry, 2020 was a transformative year. However, it’s unclear whether the changes caused by the pandemic were reactions or have staying power. Regardless, here are several trends that one should stay on the look out for in 2021:

Growth in Multi-family Needs
For people who need housing, multi-family homes have the lowest barriers to entry. For this reason, the sector has grown substantially in recent years, and it’s expected that growth will continue. The marketplace will look different, though, as many renters are prioritizing affordable housing options and have an increased interest in micro-units to reduce costs as much as possible.

Flexible Restaurant Options
Before the pandemic, ghost kitchens were already becoming popular. These kitchens are essentially catering kitchens that multiple concepts can share and serve delivery and to-go food items from. The pandemic further increased the growth of ghost kitchens, and they will continue a desirable way for restaurateurs to affordably test new concepts.

Office Spaces Will Continue to Struggle
In 2021, dense, large office markets will struggle with high vacancy rates. Tenants are shifting more toward suburban office markets, thus resulting in a quicker recovery in these areas, and have a greater focus on certain office amenities, like improved indoor air quality. At the same time, people are focused on working from home, so the demand for office space in many areas has decreased.

Difference Between Debt Investment and Debt Financing

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A real estate professional, Evan Seiden, FL, has garnered industry knowledge since his early years growing up in a multifamily real estate family. Prior to establishing Relentless Capital, LLC, Evan Seiden, FL, worked as a real estate investment manager at Lone Star Funds.

Debt investment refers to purchasing a portion or all of the debt commonly known as a loan that collateralizes an asset(s) in order to receive the interest rate paid by the Borrower or to provide an opportunity to take over the property if the borrower is unable to repay the interest or principal balance.

Debt financing, on the other hand, refers to obtaining debt for the purpose of acquiring or refinancing an asset. Common instruments include loans and bonds, which mature at least one year into the future.

For accounting purposes, short-term debt investments are considered current assets. Debt finance instruments are long-term liabilities because they are going to be held for more than one year.

What a High Debt-To-Equity Ratio Could Mean

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A real estate investment executive based in Florida, Evan Seiden, FL, graduated from Connell University within three years a rare achievement. Evan Seiden, FL, managed the real estate investments of Lone Star Funds. His focus encompassed commercial real estate equity and debt acquisitions.

A Florida-based real estate investment executive, Evan Seiden, FL, manages Relentless Capital, LLC. Evan Seiden, FL, has identified, negotiated, and structured large commercial real estate debt with several of the largest firms in America. Among the tools real estate professionals use is debt-to-equity ratios.

The debt-to-equity ratio, or D/E ratio, evaluates the financial leverage of a company based on its debt. High dividend yields and revenue stability attract investors to real estate companies, but investors still evaluate the potential risk. Real estate companies buy properties, and these transactions require enormous upfront investments, which are funded through a combination of debt and fresh equity. The D/E ratio divides a company’s total liabilities by the equity provided by the stockholders. If the ratio is high, it means the company took an aggressive debt position, which in a market downturn which is generally coupled with high vacancy rate/decreased revenues can lead owners to loose the properties and hand the keys back to the bank wiping out their initial equity.

Several industries use the D/E ratio as a metric. How the ratio is evaluated varies by sector. The lower the ratio the better able a property or firm will be to withstand a market downturn.

Debt-to-Equity Ratios in the Real Estate Sector

A Florida-based real estate investment executive, Evan Seiden, FL, manages Relentless Capital, LLC. Evan Seiden, FL, has identified, negotiated, and structured large commercial real estate debt with several of the largest firms in America. Among the tools real estate professionals use is debt-to-equity ratios.

Several industries use the D/E ratio as a metric. How the ratio is evaluated varies by sector. The lower the ratio the better able a property or firm will be to withstand a market downturn.

Why is Debt Cheaper than Equity?

An executive in the real estate sector, Evan Seiden, FL, leads Relentless Capital, LLC. Previously, Evan Seiden, FL, sought opportunities for Lone Star Funds as manager of real estate investments. He participated in more than $1 billion dollars in commercial real estate debt and equity acquisitions in the past decade.

When a company needs capital, there are two main funding options – contribute/raise Equity capital or obtain debt. Debt funds an expansion or acquisition of real property without diluting ownership control. Also, interest only debt service (interest loan payments) are tax deductible. Equity, when provided by investors, generally incurs a preferred return whereby investors receive their money back plus a set return before the operating partner receives a share of profits and dilutes one’s ownership percentage.

Entrepreneurs often refrain from financing growth through debt. However, industry insiders point out it is not the same a maxing out personal credit cards. Additionally, debt financing offers distinctive benefits such as tax benefits, an ability to expand without giving up ownership and retaining full management decision making control.

Getting Started in Commercial Real Estate Investment

After graduating from Cornell University, Aventura, FL, resident Evan Seiden spent 3 years as a manager of real estate investments with Lone Star Funds. Serving as the chief executive officer of Relentless Capital since 2017, Evan Seiden identifies and negotiates commercial real estate investment opportunities in the southern part of FL state.

Success in the profitable business of commercial real estate requires a breadth of knowledge and experience. Like any professional endeavor, due diligence is a key aspect in getting started. First, investors should understand how the commercial real estate market differs from the residential market. Typically, higher income potential results from longer leases and property values calculated according to usable square footage.

To make prudent decisions, investors should analyze comparable properties in the area to gauge the current market value of the property, and research future developments to predict how those values might change. To calculate all costs as precisely as possible, investors must consider operating fees such as utilities, insurance, repairs, and property tax. After identifying a promising property, investors should consult trusted financial advisors to ensure they receive the best commercial real estate loan rates possible.

A Look at Commercial Mortgages

Business executive Evan Seiden, a resident of FL, graduated a year early from Cornell University before beginning his work in the real estate investment industry. Evan Seiden serves as Chief Executive Officer of Relentless Capital in Miami, FL.

Recently, Relentless Capital closed on an approximately 600,000 square-foot industrial property in Miami-Dade County. The property, which consists of three warehouses in addition to parking for trucks and heavy equipment, sold for $12.5 million in an off market transaction.

Commercial mortgages refer to loans used to secure commercial land or property, such as warehouses, apartments, or shopping centers. Lenders for these types of loans range from traditional banks and asset backed trusts to life insurance companies and government sponsored enterprises.

Commercial lenders typically require personal and business tax returns in addition to business records and bank statements before approving a new mortgage. Outside these standard requirements, applicants typically must provide information on all partners and managers involved in the operation of the business. In addition, commercial lenders require a comprehensive business plan that includes projected earnings to ensure the health and viability of a company seeking a commercial loan.

Once all the required information is collected, commercial mortgage underwriters complete a thorough review before either approving or denying the loan.