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What is a commercial real estate loan and how do I qualify for one?

3 years 1 month ago
Virtually everyone has at least a glancing familiarity with the residential mortgage process. What is much less well-understood, however, is the process for financing the purchase of a commercial building. With that in mind, let’s take a closer look at how these loans work and what you need to do to successfully acquire one. Understanding commercial real estate lending The Commercial Real Estate Loan (CRE) is a mortgage secured by a lien on a commercial property. Common forms of commercial properties…
Jennifer Perkins

Family Business Profile: After 75 years, 3rd-generation Tacony Corp. continues to sew together growth

3 years 1 month ago
Nick Tacony started sewing together the history of Tacony Corp. from the basement of his south St. Louis home.Β  In 1946, Tacony invested his life savings in used sewing machines and parts to repair and sell them.Β  β€œHe was a mechanic by trade, had an eighth-grade education and he really just had a strong entrepreneurial spirit. He loved the idea of families doing business with family,” said Tacony’s granddaughter Kristi Tacony Humes, who is CEO of Tacony Corp.Β  In the 75 years since its…
Nathan Rubbelke

40 Under 40 2021: Glenn Wu, Caleres

3 years 1 month ago
Glenn Wu β€” in his role as vice president of demand planning and inventory management β€” works to ensure Caleres is making the best supply chain decisions for the 40 million pairs of shoes the company sells each year.
Jessica Holdman