Real Estate Broker means ANY Person , WHO, FOR COMPENSATION OR VALUABLE CONSIDERATION , sells or offers for sale, buys or offers to buy, or negotiates the purchase or sale or exchange of real estate, including units or interest in condominiums, cooperative interest, time-shares program even though they may be deemed to be securities, or leases or offers to lease, or rents or offers to rent, any real estate or the improvements thereon FOR OTHERS.

We manage a condominium association with 80 units. about half are owner occupied and the rest are either vacant or being rented.

There are a ton of new condominiums shooting up around San Jose.

Loan Amounts $100k - $20 Million Example Rate rate ranges, LTV, DSCR, Term and Amortization Owner-User Properties: 4.5% - 8.875% 90% 1.25 3, 5, 7, 10, 15, 25 15, 20, 25 Apartment / Multifamily: 3.25% - 7.5% 85% 1.15 3, 5, 7, 10, 15, 35 25, 30, 35 Healthcare / Senior Housing: 3.75% - 7.76% 85% 1.20 5, 7, 10 , 35 20, 25, 30, 35 Condominium Conversions: 6.25% - 9.74% 80% 1.25 3, 5, 7, 10 % Only, 30 Retail: Anchored: 4.75% - 7.5% 80% 1.25 3, 5, 7, 10 20, 25, 30 Retail: Unanchored: 5.0% - 8.0% 75% 1.30 3, 5, 7, 10 20, 25, 30 Mobile Home Park: 5.0% - 8.5% 80% 1.20 3, 5, 7, 10 20, 25, 30 Office / Medical Bldg.: 4.5% - 8.25% 80% 1.30 3, 5, 7, 10 20, 25, 30 Industrial / Warehouse: 4.25% - 8.5% 80% 1.25 3, 5, 7, 10 20, 25, 30 Self - Storage: 4.5% - 7.50% 80% 1.30 3, 5, 7, 10 20, 25, 30 Gas Station / C-Store: 5.25% - 8.75% 80% 1.45 3, 5, 7, 10 20, 25 Mixed-Used / Special Purpose: 5.5% - 8.5% 80% 1.35 3, 5, 7, 10 10, 15, 20 Single Tenant,"NNN" 4.5% - 7.5% 80% 1.25 3, 5, 7, 10, 15, 25 10, 15, 20 Hotel / Motel (full & limited): 5.15% - 8.75% 75% 1.40 3, 5, 7, 10, 15, 25 20, 25 Golf Course / Resort / Gaming: 5.5% - 9.5% 70% 1.40 3, 5, 7, 10, 15, 25 20, 25 Outlet Mall (Indoor & Outdoor): 5.15% - 7.5% 75% 1.40 3, 5, 7, 10, 15, 25 20, 25 Church / Synagogue: 5.92% - 8.5% 75% 1.25 3, 5, 7, 10, 15, 25 15 , 20 Land - Raw & Improved: 8.50% - 15.00% 65% N/A 1, 2, 3 % Only Fix & Flip / Rehab (1-4) 9.00%-14.00% 65% ARV N/A 1-1.5 % Only Construction 4.65% - 11.5% Adj. 90% N/A 2, 3, % Only Bridge/Mezzanine Loans 6% - 12.5% Adj. 80% 1.10 1, 2, 3, 5 % The range of pricing is subject to the relationship between DSCR, LTV, quality of real estate, & credit strength of the transaction.

We are also doing inspections of older commercial properties being demolished to make way for new apartment or condominium complexes.

Next to both of these properties are condominiums and houses in good to very good condition.

My question is would I be able to tear down this rental property and build a condominium complex with all different APNs?

For 25 years a company called VIP management  The "ran" this place called Hillcrest Park condominiums in Westchester County.  

😁 Currently working in downtown SF so I see those luxury condominiums and posh houses.

My first property was a condominium in a golfing community.