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October 2019 Archives

Funding secured for California office buildings purchase

The purchase of a pair of California office buildings looks set to proceed. Trade sources have reported that Oregon-based BPM Real Estate has secured $78 million in financing from Citigroup to buy a 111,000-square-foot office tower in Aliso Viejo and a 116,000-square-foot commercial property in San Jose. The loan is reportedly structured to be interest only for the entirety of its 10-year term. BPM has been active in the Oregon commercial real estate market for many years and already owns several office and hotel properties and an apartment complex.

What to consider before using a real estate loan

Individuals who are looking to invest in commercial real estate may be able to finance those investments in a variety of ways. For instance, it may be possible to use hard money or bridge loans. These are popular because they can close in a relatively short period of time. They are also popular because borrowers can obtain financing based on their rental income or history of generating income from real estate.

Taxes from remote sellers may profit CA

California is known for being one of the states with the highest tax rates. Subsequently, many entrepreneurs choose to live in tax havens, such as Nevada or Texas, to avoid paying state income taxes and other obligations. However, California has found a new way to capitalize on sales taxes from businesses whether that business operates from within California’s borders or not.

Responding with control during a data breach

All companies in California maintain some type of data that is used for the development, operation and support of their organization. Often, a majority of a company's data is confidential and has to be securely stored to prevent it from getting into the wrong hands. This is especially the case if a company collects and records information about its customers. Appropriate implementation of thorough protocols for securing and accessing information is critical to a company's ability to protect its most important data. 


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