All Forum Posts by: Peter Lee

 thanks for the insight.  Unfortunately the new owner of the neighboring property will not mutually agree on this.  They want all travel across their property eliminated.

I own a commercial property in Los Angeles area and theres a vehicular path that runs across the neighbor's property indicated in red arrows into our lot. The path has existed for at least 20 yr. Continuously used by us and the previous owners of the property in blue.

Question is how feasible is this to qualify for a prescriptive easement? There's no record of it in the title report which is odd since it looks like it is there by design since there's a curb cut and the existing fence was designed with a gate.

Yes, I know this should've been caught during acquisition but not having this is not the end of the world, just inconvenient.

@Katie Balatbat is there a minimum time period before the TIC needs to be created? Or can it be created right before the property is sold? Thanks

Working on a small multi tenant industrial deal where there are a few tenants have leases that are missing information such as term, lease end date. I want to have the capacity to terminate their lease if needed.

Is that lease valid? Or does the tenant have some rights to stay since there isnt an end date? There 50 other leases in the building which clearly specify a 1 yr term then go month to month which Im sure was the intent here but the leasing manager neglected to fill out the info.

One of the weirdest lease things Ive seen.

we built these out.  question is on the ladders and what kind of tenant agreement those who of you have rented out such units have the tenants sign.

Good suggestion and we've been trying that but they were straight up with us and told us they weren't a good option for conventional as their niche was SBA. LTV would be at best 60% but who knows maybe w the appreciation it's possible. We are keeping that in our back pocket for now.

Anyone have an idea of what conventional financing terms (rates, term, LTV) are available these days for refis? We have a facility in Southern Cal that we are looking to refi out our SBA tranche (long story on why we want to explore taking this out).

Any bank suggestions appreciated too!

​​​​​​​TIA

I like this.  Think naturally people will be extremely suspicious of someone knocking on their door so maybe that first visit is just planting the seed...