Jacob Frydman on Financing Options for Purchasing Commercial Real Estate

Robust job growth, a surge in gross domestic product growth to 4.2% in Q2 and favorable regulatory and tax policies have resulted in strong commercial real estate (CRE) fundamentals as of late, discussed New York-based property exert and CEO of Frydco Capital Group, Jacob Frydman, “2018 has been the strongest year of economic growth this cycle, with sales transactions up to $236 billion in the first half of 2018, up 4% compared to 2017, which was a record year.” With interest in CRE is at an all-time high, Frydman laid out several financing options for individuals seeking to purchase their first commercial property. Just as with home mortgages, banks and independent lenders are actively involved in commercial real estate, said Jacob Frydman. Insurance companies, pension funds, private investors and other sources, including the U.S. Small Business Administration’s 504 Loan program, also commonly provide capital. In contrast to residential mortgages, which are typically made to individual borrowers, CRE loans are often made to business entities (corporations, developers, limited partnerships, funds, trusts, etc.). An entity is not required to have a financial track record or any credit rating, however the lender may require the principals or owners to provide a guarantee, or an individual or group with a credit history from whom they can recover in the event of default. If this stipulation is not required, and the property is the only means of recovery, the debt is called a non-recourse loan, meaning that the lender has no recourse against anyone or anything other than the real estate.

Real estate acquisitions and investments expert, Jacob Frydman is the Chairman and CEO of Frydco Capital Group and a frequent guest on Fox News, Bloomberg TV, CNBC and other television news outlets. Over the span of his 30-year career, Frydman has acquired more than five million square feet of real estate, and participated in transactions valued at over $2 billion. His prior notable transactions include the Global Crossing New York Headquarters, the Aetna Building, NBC Television Studios, and Two Dag Hammarskjold Plaza.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman Discusses the Role of Technology in Commercial Real Estate Market

According to worldwide management consulting firm McKinsey & Company, virtually every modern industry is experiencing some form of digital disruption. Historically, commercial real estate (CRE) has sustained a culture of cautious strategies and resistance to major change, yet in today’s world new technologies and digitalization are increasingly being embraced as assets by even the most staunch market conservatives. Internationally-renowned investment consultant Jacob Frydman talks about the role new technologies play in reshaping the present and the future of the CRE industry. Despite the growing trend for consumers to shop via ecommerce platforms, retail rent pricing in major cities across the globe remains sky high. In the United States, commercial real estate is estimated to be the country’s largest economic asset with $24.14 billion invested in the first half of 2018 alone. This behemoth industry offers vast opportunities for digitalization and as such, has attracted ecommerce platforms such as Ten-X which aims to fundamentally change the experience of investing in CRE. The company has processed over $20 billion in CRE transactions since its launch in 2009 and works towards simplifying and streamlining the work of brokers worldwide. Ten-X is not alone in the scramble to align with a business niche that generates nearly $1 trillion in revenues annually. Inspired by the success of Airbnb and WeWork, venture investors deployed over $5 billion in 2017 to engineer software and platforms with an aim to revolutionizing the CRE market as we know it.

Jacob Frydman is a leading real estate investor and consultant based in New York City. He graduated from Boston University with a B.S. in Finance and a J.D from Case Western Reserve University School of Law. Mr. Frydman is a frequent guest speaker at the New York Law School and at Columbia University where he lectures on real estate and finance. He has gained international recognition through his successful investment portfolio of property development projects implemented over the last 30 years and valued at over $2 billion USD. He is also a dedicated philanthropist and generous contributor to various charitable organizations. Over the years he has been an avid supporter of the National Committee for Furtherance of Jewish Education, Chabad of Duchess Country and the Brem Foundation of Washington, DC.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – Committed to Supporting the Rhinebeck Jewish Center

Renowned real estate and private equity investor, Jacob Frydman is a devoted philanthropist and actively participates in programs and activities of New York’s Chabad of Dutchess County and The Rhinebeck Jewish Center as he takes a firm stance in pledging his time and personal funds to both organizations. Following a life-long career in real estate development and acquisition, a passion which began in high school when he made his first real estate investment, Frydman has been recently giving more of his energy to supporting local charitable establishments, following his retirement as CEO of a public Real Estate Investment Trust. Through the compassionate and proactive philosophy of the Rhinebeck Jewish Center, Frydman finds a powerful way to help those in need and to uplift the community spirit.

A native New Yorker, Jacob Frydman received a Bachelor of Science degree in Finance from Boston University and his Juris Doctor degree from Case Western Reserve University School of Law. During his 30-year career in the real estate industry, he acquired over five million square feet of property on the east coast of the United States and took part in procurement and development transactions valued at over $2 billion. His notable real estate projects include Two Dag Hammarskjöld Plaza in midtown Manhattan, which he re-developed, together with his long-time partner, Mitch Rutter, into a commercial condominium solely for foreign governments as their missions to the UN.  They also redeveloped the Aetna Building in lower Manhattan, and the DHL center in midtown Manhattan. In 1998 Frydman purchased the NBC New York television studios from General Electric, and from 1998 through 2010 he produced the log-running TV soap opera, “As The World Turns”, together with Proctor & Gamble. Having retired from his role as the CEO of a public Real Estate Investment Trust, Jacob Frydman continues to share his expertise in a consultancy service to developers and other businessmen within the industry, where he advises on highly complex special situations where he can enhance a property’s value, undertaking it alone or at times with partners. A long-standing philanthropist, Frydman is also a firm supporter of the Washington DC’s Brem Foundation, helping women in struggling communities at risk of developing breast cancer, and has served as a member of the Board of Directors of the Bardavon Opera House, home of the Hudson Valley Philharmonic.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman – To Attend the NCFJE 76th Annual Awards Dinner

Jacob Frydman has built a successful 30-year career in real estate investments and development. A Boston University graduate with a Bachelors of Science in Finance, and a Juris Doctor degree from Case Western Reserve University School of Law. Frydman left his mark throughout the United States by developing over five million square feet of commercial properties. As an innovator in the property investment market, he often lends his insight as a speaker, panelist, and consultant at industry events and televised news broadcasts. Frydman is an avid humanitarian dedicated to a wide range of charitable organizations. In addition to the NCFJE, he also contributes to The Brem Foundation and The Chabad of Duchess County. For the event’s ticket’s, visit: https://ncfjeorg.clhosting.org/tools/events/register_cdo/eventid/5361/lang/en

The National Committee for Furtherance of Jewish Education’s (NCFJE) 76th annual awards dinner will take place at the Edison Ballroom on November 20-21, 2016. New York real estate and private equities expert, Jacob Frydman will be in attendance at the gala celebrating the NCFJE’s many achievements and volunteers making a positive impact within the local and national Jewish community. Founded in 1940 by Rabbi Yosef Yitzchok Schneerson, the NCFJE assists Jewish participants through meal programs and educational initiatives. During its 76 years of operation, the NCFJE has served thousands as a means of promoting humanitarianism. “I have had the privilege of working with the NCFJE for the past several years,” Frydman said. “I have seen firsthand the impact this group has made throughout New York’s Jewish community and am looking forward to attending this year’s annual dinner to celebrate everything this uplifting organization offers.”

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman

Jacob Frydman — Joins NCFJE’s Toys for Hospitalized Children Program

Reputable property investor and community philanthropist, Jacob Frydman was delighted to contribute to the National Committee for Furtherance of Jewish Education’s (NCFJE) charity program – Toys for Hospitalized Children. Mr. Frydman’s generous commitment and support for the NCFJE’s initiative will help provide toys, gifts, and smiles to children in need. Located in Brooklyn, NY, NCFJE is a multi-faceted charity founded in 1940 by Rabbi Yosef Yitzchok Schneerson dedicated to protecting, feeding, and educating thousands throughout the New York metro area. Today, the NCFJE has several programs under the leadership of Rabbi Jacob Hecht with the objective of providing fast, discreet, and dignified service to all sectors of the Jewish community. Under the direction of Program Director, Mrs. Baila Hecht, the organization’s roster of initiatives includes Toys for Hospitalized Children, which sends over 10,000 toys and gifts annually to numerous hospitals, senior residences, and special needs facilities. For more than 50 years, these gifts have brought joy and smiles to those that need it most, and Jacob Frydman is pleased to be able to give back to the community through this meaningful and impactful program.

Located in Brooklyn, NY, NCFJE is a multi-faceted charity founded in 1940 by Rabbi Yosef Yitzchok Schneerson dedicated to protecting, feeding, and educating thousands throughout the New York metro area. Today, the NCFJE has several programs under the leadership of Rabbi Jacob Hecht with the objective of providing fast, discreet, and dignified service to all sectors of the Jewish community. Under the direction of Program Director, Mrs. Baila Hecht, the organization’s roster of initiatives includes Toys for Hospitalized Children, which sends over 10,000 toys and gifts annually to numerous hospitals, senior residences, and special needs facilities. For more than 50 years, these gifts have brought joy and smiles to those that need it most, and Jacob Frydman is pleased to be able to give back to the community through this meaningful and impactful program.

Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman

Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman