Garage Door Installation Market Research Report Now Available from IBISWorld

IBISWorld Market Research

(PRWEB) October 27, 2011

Over the next five years, a resurgence in home improvement spending and the value of total residential construction will support the Garage Door Installation industry’s recovery, according to IBISWorld, the nation’s largest publisher of industry research. Furthermore, growth in the non-residential building market and increasing consumer sentiment will stimulate growth for operators. As a result, the Garage Door Installation industry’s revenue is forecast to increase at an average annualized rate of 5.0% to reach $ 5.2 billion in 2016.

The Garage Door Installation industry’s performance depends heavily on trends in home improvement spending, investment in residential building construction, and to a lesser extent, investment in the non-residential building market. Industry activity is heavily weighted towards the installation and maintenance of garage doors on existing residential buildings, which is estimated to contribute just over 75.0% of industry revenue in 2011. The installation of garage doors on new residential construction contributes about 10.0% of revenue, while garage door installation, maintenance and repair work on new and existing non-residential buildings contributes about 10.8% of revenue. Industry contractors compete for a share of the market against contractors from other skilled trades, such as general housing contractors and do-it-yourself property owners.

According to IBISWorld analyst, Josh McBee, revenue in the Garage Door Installation industry declined sharply during the late 2000s, falling at an average annual rate of 5.9% since 2006. “The contraction in the industry’s performance corresponds with the sharp decline in demand for services in the depressed housing market,” says McBee. “Further, the recession-induced downturn of investment into the non-residential building market and a 3.1% average annual drop in home improvement spending during the five years to 2011 also affected the industry. Revenue is expected to stabilize over 2011 and increase 1.4% to reach $ 4.1 billion.”

While the industry has begun to recover, margins contracted to about 18.1% of revenue in 2011, having fallen from 21.9% in 2006. The industry did not experience as severe deterioration in profit as many other specialty installation industries that rely heavily on the downstream building markets (e.g. carpenters and flooring installers). It declined at a lesser rate because of stable demand from necessary repair and replacement activity.

Home improvement spending is projected to increase at an average annual rate of 4.4% and investment into the housing and commercial building markets is anticipated to grow strongly over the next five years. As a result, industry revenue is set to rise at an average of 5.0% annually over the five years to 2016 to total $ 5.2 billion. Improved demand will also cause profit margins to rise; IBISWorld anticipates that profit will increase from 18.1% of industry revenue in 2011 to 20.6% in 2016.

For more information, download the full report from IBISWorld on the Garage Door Installation Industry

IBISWorld Industry Market Research Reports Contain:

About this Industry

Industry Definition

Main Activities

Similar Industries

Additional Resources

Industry at a Glance

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalisation & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

Jargon & Glossary

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About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Red Mortgage Capital Completes $ 19.9 Million Permanent Financing for Three Bridge-to-HUD Loans

Christian R. Mauger, Senior Managing Director, Red Capital Partners, LLC

COLUMBUS, OH (PRWEB) October 27, 2011

Red Mortgage Capital, LLC provided permanent financing for three assisted living senior communities in north-central Ohio utilizing FHA Section 232/223(f) mortgage insurance and Ginnie Mae Mortgage Backed Securities (“GNMA MBS”). The FHA insured loans paid off interim financing that related entity Red Capital Partners, LLC had provided to facilitate acquisition of the properties by New York City-based Premier Senior Living, LLC (“Premier”), a privately-owned owner/operator of seniors housing.

Three FHA LEAN loans totaling $ 19,920,000 were funded respectively for The Inn at Fountain Park in Bryan, OH; The Inn at Westbrook in Upper Sandusky, OH; and The Inn at Orchard Park in Bucyrus, OH. The 35-year fully amortizing loans are non-recourse and each carries a highly attractive fixed interest rate for the term of the financing.

The Ohio loans are the first to close in a pipeline of transactions nationwide where RED is providing experienced owners with proprietary capital on an interim basis and arranging the permanent Agency financing.

For the Premier transactions, RED’s ability to provide proprietary capital and efficiently arrange non-recourse, long term financing was essential to meeting the owner’s needs, as there was a limited timeframe in which to execute the acquisition. Although the owner originally sought permanent acquisition financing, when it became apparent that such financing would not be available in the required timeframe, Red Capital Partners, LLC (“RCP”) stepped in to bridge the timing gap and provided acquisition capital while the permanent solution was being secured. The interim bridge loan subsequently was paid off via the FHA 232/223(f) insured loans underwritten and processed by Red Mortgage Capital, LLC.

Christian R. Mauger, Senior Managing Director of principal lending entity Red Capital Partners, LLC said, “As a non-bank financial institution, we can move quickly on bridge-to-permanent solutions to help clients secure opportunities like this, where we bridge the timing difference until the permanent capital structure can be delivered. We tailor the structure of each transaction and also make the transition from interim to permanent as streamlined and simple as possible for the owner.”

The permanent financing of the Premier projects also marks the completion of RCP’s first interim loans made since it previously had suspended activities under a commercial bank parent entity. A sale from that entity in mid-2010 allowed RCP to re-launch its principal lending activities for multifamily and seniors housing properties. Since RCP resumed providing bridge-to-permanent solutions in the past year, it has made eight interim loans totaling more than $ 80 million.

James F. Sherman, Senior Managing Director of Red Mortgage Capital, LLC’s Senior Living Group and Jason D. Smeck, Director and lead banker on the FHA permanent financings added, “RED has a unique capability in that we have capital and specific expertise as a top Agency lender to help buyers execute quickly on acquisitions and take advantage of windows of opportunity. It was a privilege to work with Premier Senior Living to help them secure these excellent additions for their growing portfolio.”

Operating nationwide since its inception in 1990, RED CAPITAL GROUP, LLC is recognized for its industry expertise, innovative and comprehensive structures, and consistently high lender rankings. Red Mortgage Capital, LLC is the nation’s most active FHA Multifamily/Healthcare lender (HUD FY2010), a top Fannie Mae DUS lender for multifamily and seniors and a national Freddie Mac Seniors Housing Seller/Servicer. Red Mortgage Capital, LLC also services nearly $ 14.5 billion in commercial multifamily and senior living loans.

RED CAPITAL GROUP, LLC is committed to being the nation’s premier provider of capital across the spectrum of asset classes.

About RED CAPITAL GROUP, LLC

RED CAPITAL GROUP, through three operating companies, provides integrated debt and equity capital to the multifamily, student and seniors housing, and health care industries. Red Mortgage Capital, LLC is: a leading Fannie Mae DUS® lender for both Multifamily and Seniors Housing; the nation’s most active FHA Multifamily/Seniors lender (MAP- and LEAN-Approved); a national Freddie Mac Seniors Housing Seller/Servicer; an active financier of Critical Access, community and rural hospitals; and services more than $ 14 billion of income property mortgage loans. Red Capital Markets, LLC (MEMBER FINRA/SIPC) is: a leader in the trading and distribution of Fannie Mae and GNMA Project MBS; an active underwriter of developer-driven multifamily housing bonds; and also is remarketing agent for $ 1.5 billion in variable rate demand tax-exempt and taxable housing and health care bonds. Red Capital Partners, LLC delivers proprietary debt and equity to the multifamily and health care industries and provides asset management services for RED’s proprietary debt and equity investments.

RED CAPITAL GROUP is headquartered in Columbus, Ohio, employs more than 200 and maintains nine offices nationwide. Since 1990, the bankers of RED CAPITAL GROUP have provided over $ 52 billion in taxable and tax-exempt first mortgage debt, mezzanine level capital and equity to multifamily, seniors housing, health care, and other real estate properties nationwide. RED CAPITAL GROUP is a subsidiary of ORIX USA Corporation.

About Our Parent Company ORIX USA Corporation

ORIX USA Corporation (http://www.orix.com) is the U.S. subsidiary of ORIX Corporation, a publicly-owned Tokyo-based international financial services company established in 1964. ORIX Corporation is listed on the Tokyo (8591) and New York (NYSE:IX) stock exchanges. ORIX USA Corporation is a diversified corporate lender, finance company, and advisory service provider with more than $ 6 billion in assets and an extensive portfolio of credit products and advisory services. ORIX USA is headquartered in Dallas, Texas and has approximately 1,400 employees worldwide.

Red Mortgage Capital, LLC is a licensed FHA MAP and FHA LEAN lender.

DUS® is a registered trademark of Fannie Mae.

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Question by Meyer Man: What are my alternatives to Investment property?
I purchased a Condo in Florida (investment property) at the height of the real estate market. The purchase was made with a friend as a joint owner. As luck would have it, my partner lost her job a couple of years ago and cannot pay her half anymore and is proceeding into bankruptcy.

Obviously, I am liable for the loan and am searching for any alternatives, either short term or long term. The Condo mortgages along with my personal residence mortgage is 48% of my gross pay. At this rate, I’ll eat up my savings within six to nine months. I am current on all payments. The value of the property was financed at 90%, with a mortgage and HELOC. Both are interest only loans. The current value of the property is 72% of the loan amount.
This means the value of the property is currently about 65% of what we paid.

We have been renting the unit as a vacation rental, but only have been able to rent it about 25% of the year. It generates enough income to cover about 20% of the cash outlay. Long term rental prospects are slim.

Any thoughts on how to either keep the property and minimize damage or is foreclosure an option I need to consider down the road? Is a loan modification possible, even on investment property? My credit score is very good at 805, so I guess I would sacrifice that as well.

I’m not looking for an easy way out, I just want to understand all my options.
thanks
The condo is in Panama City and I am working as an engineer in Georgia about 350 miles away. So, a business in the unit is not really an option. I guess another investor is an option. 50% ownership at 25% of the cost. That may work.

The the intent was to rent about 200 days a year, however, the rental market in this area was saturated with new condos, thus only able to rent about 3-4 months a year at best. Additionally, the with the hurricanes several years back, the insurance and property taxes more than doubled, which was not anticipated.

Best answer:

Answer by knowitall
Check with your mortgage company – they are the only ones that can do a modification. They go by your credit score and not income. There probably will be an application fee.

Give your answer to this question below!

Daymark Realty Advisors Transforming Through New Leadership Team and Reinvigorated Portfolio

Santa Ana, CA (PRWEB) October 27, 2011

Since being acquired in August 2011 through a partnership between San Diego-based Sovereign Capital Management Group and Infinity Urban Century, a New York City-based investment affiliate of Infinity Real Estate, Daymark Realty Advisors, Inc. has seen its portfolio of approximately 130 assets reinvigorated with new capital and a new leadership team of industry experts.

According to Todd Mikles, CEO, Daymark’s updated business objective is to create capital solutions for both long-term and short-term ownership, as well as exit strategies through a fresh thought process and new capital. Additionally, the leadership team is implementing an aggressive business plan to focus on stabilizing and recapitalizing Daymark properties, allowing them to survive in this challenging economic market.

“Despite the obstacles we’re facing with current market conditions, we’ve been able to make significant progress in a short period of time,” says Mikles. “We feel that the Sovereign and Infinity partnership has strengthened Daymark’s competitive advantage through our combined real estate management expertise and asset capital solutions.”

Daymark’s Structured Finance group has successfully restructured over 20 loans totaling nearly $ 600 million in debt. The portfolio is unique in the fact that it is comprised almost entirely of Tenant In Common (“TIC”) owned assets that are often presented with significant challenges in terms of their ability to fund new capital to re-margin debt and/or fund future capital needs.

Mikles adds that since any type of loan modification needs to be approved by 100 percent of all TIC owners of a property, this success rate proves even more impressive.

About Daymark Realty Advisors, Inc.

Daymark Realty Advisors, Inc. is one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate. Daymark provides a fully integrated platform of services that focus on maximizing property value and performance, and offers proven expertise in the repositioning of distressed assets, debt restructuring and property recapitalizations. From six offices throughout the country, Daymark manages a nationwide portfolio of commercial real estate properties totaling approximately 33.3 million square feet, including more than 8,700 multifamily units, valued at $ 4.9 billion based on purchase price. For more information, visit http://www.DaymarkRealtyAdvisors.com or contact Jennifer Cho at (714) 975-2367.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

International Real Estate Federation World Congress to Be Held in Cyprus

Property for sale in Cyprus – Aphrodite Hills

(PRWeb UK) December 29, 2010

In May, 2011, the Mediterranean island of Cyprus will be host to the annual World Congress of the International Real Estate Federation, or the FIABCI. The Federation has 3,500 members who are from 70 different countries all around the world. This is the first time the prestigious international property conference has been held in Cyprus, and it is predicted that the important event will give a needed boost to the region. “A Congress of such international calibre honours Cyprus and has both political and financial benefits” said Antonis Paschalides, Minister of Commerce, Industry and Tourism. The conference will be officially opened by the President of the Republic Demetris Christofias.

Cyprus is a perfect place to host an international conference, as it lies right at the crossroads of Europe, the Middle East and Africa. It has many high-class business conference facilities and luxurious accommodation to provide for the guests of this prestigious conference, not to mention the warm and pleasant Mediterranean temperatures that will ensure the delegates have a pleasant and enjoyable stay in the sunshine. The conference will take place in Paphos, one of the country’s most popular cities and the legendary birthplace of the Greek goddess of love and beauty, Aphrodite.

FIABCI consists of real estate professionals, as well as national real estate associations who come together to represent all real estate disciplines, such as brokerage, property management, valuation and appraisal, and property development and consulting. The Federation is based in Paris, France and has over 1.5 million members in total. There are chapters of this non-political organization in countries all over the world, and the group has five official languages: English, Spanish, German, French and Japanese. This conference will give all of the attending members an opportunity to maximize their business potential by sharing knowledge and information, exchanging contacts, and networking.

The conference is predicted to stimulate investment from the delegates in property for sale in Cyprus. The event will put the spotlight on the fantastic luxury property for sale in Cyprus, and will likely attract a lot of direct property investment. Last year’s conference was held in Indonesia, and during that period the visiting delegates invested a total of nearly one billion dollars in property there. It is predicted that this trend will continue, and that the delegates of the 2011 conference will heavily invest in property for sale in Cyprus. There is no shortage of beautiful property for sale in Cyprus, so the World Congress will be the ideal opportunity to show it off.

Investment in the real estate of this sunny island has improved in 2010, with purchases of property for sale in Cyprus increasing by eight percent, according to the figures. The amount of homes bought by overseas investors has shown an increase in all districts and areas of the country, with sales in the district of Larnaca doubling since 2009. As of November 2010, 1,593 homes had already been sold during that calendar year. Prices of property for sale in Cyprus are low at the moment, making this the ideal time to invest. Also, the attention that the FIABCI conference brings to the island will hopefully put Cyprus in the spotlight and raise its profile as a high class destination for international investors.

The island is excitedly preparing for its role as host to this important international conference next year. Cyprus is very proud of its natural beauty and rich Greek heritage, and tourism officials are eagerly looking forward to showing off its many treasures in May.

Article Bio

Select Resorts has the ideal luxury property for sale in Cyprus; warm climate, beautiful views and fascinating culture!

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More Overseas Property Investment Press Releases

Question by heyheysg: If Atheism is a religion how come they don’t get tax breaks?
I was wondering, is the government not being fair while giving every other religion tax breaks from their investment funds, donations, charity drives, property. But none for the Atheist religion?

Best answer:

Answer by imrod
All they need to do is file that they are a non-profit religious organization.

What do you think? Answer below!

www.RealEstateInvestingHQ.com http Introduction to Real Estate Investing HQ My goal is to provide practical tips and advice to help you grow your reale estate business. Along with reviews of products and websites to increase your productivity so that you can spend more time on the important stuff.
Video Rating: 0 / 5

Question by Amber: Investment deals on property in california,how can you get a good deal on foreclosed homes?
I know california is a much coveted area,and houses are outrageously expensive especially in nice areas,but is there any way to get a good deal on a foreclosed property?or is a short sale best,what is the best way to try and find a house without paying market value?any advice much appreciated thanks

Best answer:

Answer by Nicole Orleans
Have you ever considered investing in foreclosures in Las Vegas? I personally invest in the foreclosure market there and I flip about 4 houses/condos each year. The process is easy, you purchase a foreclosed-on property and then you can take one of two routes: either immediately put the home back on the market at normal market value, OR you can hold onto the house for a few years, rent it out, and possibly make a few improvements/upgrades to the house, and then sell it for even more (hopefully)! I work with a company based in the Las Vegas area, called BIF Realty, and they are really helpful with the buying process, and if you choose to hold onto the house for a few years, they have programs to help you out with that. You can give them a call if you’re interested, 702-900-3402.

What do you think? Answer below!

Eager Foreign Investors Seize Opportunities to Invest in Memphis Real Estate; Memphis Investment Properties 2011 Sales Soar

Memphis, Tenn. (PRWEB) October 22, 2011

Sales figures climbed steadily for Memphis Investment Properties during 2011 as real investors from other countries continued to seek out the expertise of the 30-year company to expand their portfolios.

Sales have more than doubled during the third quarter 2011 compared to the same period in 2010. With ever-increasing sales to global investors, the company closed on 70 homes during the third quarter in 2011, while in the same period last year 32 homes were sold, representing an increase of 119 percent.

The total number of home sale for MIP during 2011 is up 43 percent compared to the total the same time last year. To-date in 2011, 173 homes have been sold. The 2010 sales total was 121.

“Purchasing investment properties is one of the most secure investments you can make, which is particularly especially attractive in this period of economic uncertainty,” said Jim Reedy, president of MIP.

Reedy and his team members have circled the globe making presentations to foreign investors. Because MIP maintains an inventory of more than 70 homes, many investors buy the houses sight unseen, trusting Reedy’s more than 30 years’ experience in real estate.

“In our travels to other countries, we have seen increasing interest in the Memphis market from foreign investors,” said Brad Reedy, investment counselor. Brad Reedy joined the family business in 2010.

Specializing in investments and property management for foreign investor who seek high returns on their investments, MIP is on track for the 2011 sales total of 250 properties Reedy set early in 2011.

For more information about Memphis Investing Properties, visit http://www.memphisinvestmentproperties.net.

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Related Buying Investment Property Press Releases

Whippany, NJ Hotel Completes $ 2 Million Renovation

Courtyard Hanover Whippany Hotel

Whippany, NJ (PRWEB) October 26, 2011

One of the best hotels near Morristown, NJ, the Courtyard Hanover Whippany Hotel has just completed major renovations to nearly all aspects of its property. From guest rooms to the lobby, this Whippany, NJ hotel invested two million dollars to improve its overall guest experience.

The newly renovated lobby now features welcome pedestals, replacing traditional front desks. These new pedestals allow for more direct interaction between guests and staff. Another major addition to the lobby area is the Bistro – Eat. Drink. Connect®. The new dining concept at this Whippany, NJ hotel serves modern day American cuisine for breakfast and dinner. For those coffee drinkers looking to satisfy their java fix, the Bistro now proudly serves Starbucks® coffee.

Also found in the lobby area is the new GoBoard®–a interactive touch screen LCD TV that allows guests to access driving directions, view local weather, find a local restaurant and catch up on the latest news.

Besides the lobby area, the two meeting rooms at this Whippany, NJ hotel received a number of additions perfect for business meetings and presentations. Additions include new chairs, vinyl, new carpet, projector screen, white board and wireless Internet access.

Accommodations have received new Posturpedic mattress, designed to give a more restful sleeping experience. Also included in the guest room renovation are new ergonomic desk chairs, sofas and chairs, vinyl, carpet and wireless Internet access. In fact, wireless Internet can now be accessed throughout the entire hotel.

It’s not just the interior of the Courtyard Whippany Hanover Hotel that received a renovation. The outdoor space also saw a considerable update, including a new outdoor patio area and new outdoor furniture.

Whether traveling for leisure or business, few Whippany, NJ hotels offer the quality, comfort and care of the Courtyard Whippany Hanover Hotel. For more information, visit http://www.marriott.com/EWRNJ

Courtyard by Marriott offers a refreshing environment that helps guests stay connected, productive and balanced. Intuitive services and design accommodate guests’ needs for choice and control. With more than 860 locations in 30 countries, Courtyard is Marriott’s largest brand. All Courtyard by Marriott hotels participate in the award-winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information, including guest guided video tours of the new lobby and the latest brand information, visit http://www.gocourtyard.com. For reservations, go to http://www.courtyard.com or contact a travel professional.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.