Frequently Asked Questions
What are your primary markets? Do you service areas outside of New Orleans?
While we are based in New Orleans, we serve the state of Louisiana. We also serve Georgia, primarily the metro Atlanta area, and have referral partners worldwide.
How long does the buying process take from start to finish?
If you have ever purchased residential real estate, you may be accustomed to 30-45-day closings. In Commercial Real Estate, it can largely depend on your readiness as the buyer, the way you are paying, and the specific asset you are trying to acquire. For instance, a cash deal can close fast. If you are borrowing funds, but you have already submitted all your documents to the lender, that will cut down on a lot of back-and-forth and possibly save you a few weeks. However, if you select a property where something has been uncovered requiring testing and/or remediation, that can complicate and extend the process. In short, the process can land anywhere between a few weeks to several months (or longer), contingent on the complexity of the deal.
Can you help me find off-market deals?
Absolutely. We care more about your DNA– desires, needs, and abilities. Once we understand your goals, we search high and low for selections that meet or exceed your vision. And sometimes, those properties are not actively on the market.
Do you work with nonprofits? Franchises? National companies?
Yes. We happily serve anyone or any entity who is ready, willing, and able to move forward with a commercial real estate transaction and who wants to build wealth with us.
How much money do I need to get started?
It depends on your goal, but there is no specific amount needed to get started.
How do I decide if I should lease or buy?
A part of what we do in our initial strategy session is to uncover where you are now, where you want to be, and the timeline in which you would like to be there. Next, we perform a User Decision Analysis and provide you with the data to help you make the most intelligent decision for your business.
What hidden costs should I be aware of?
If you are considering a lease, there are multiple fees you should be aware of that can be in addition to the rent, i.e. property taxes, property insurances, utilities, maintenance and repair costs. If you are considering a lease in a multi-tenant building, there are often additional fees assessed in the form of CAM charges. Common Area Maintenance fees are expenses paid by the tenant in addition to base rent, usually to cover some costs of a shared space, building, or campus. It can include landscaping charges, janitorial services, etc.
Can your team work with our CFO or legal team during negotiations?
Of course, we can. In fact, early on (in our client intake form) we ask who the decision-makers are, so we are sure to include all essential parties as necessary.
What parties do I need for a commercial real estate transaction?
Though the vendors you need will be specific to you, in general, you will need: US (a commercial real estate broker), a commercial lender, a commercial real estate attorney, a commercial appraiser, a commercial inspector, et. al. Please note: If you are new to commercial real estate, there is a difference between residential and commercial, and you should be sure the people you are speaking to are either certified or qualified to service your commercial real estate need. Additionally, we believe in strategic partnerships and our relationships run deep. Should you need a recommendation for any particular party, we are happy to provide you with a list of suggestions.
Do you offer post-sales support or asset management services?
Our relationship does not end at closing. Follow-ups and check-ins are always coming. However, if you need ongoing support, we provide consulting and advisory services, as well as site management services for development, construction, and/or renovations.
Can you help my company plan a real estate strategy for multiple locations?
We thought you’d never ask. We’d love to! Let’s chat.
Do I have to be an accredited investor to work with your firm?
Not at all.
Are you accepting new clients?
Always.
Have additional inquiries?
We are here to help. Let’s engage in a conversation.
