Valuation, Financing, and Legal Considerations in Commercial Real Estate Transactions
Name: Valuation, Financing, and Legal Considerations in Commercial Real Estate Transactions
Date: November 15, 2018
Time: 9:00 AM - 12:00 PM AST
Join a team of professionals for an overview of valuation, financing and legal considerations in commercial real estate. This session will feature three separate modules:
Module #1: “Commercial Real Estate Valuation / Market Overview” (Altus Group)
The commercial real estate market is a hot topic in Prince Edward Island due to unprecedented market activity in recent years. It is important to recognize the local market is unique. Join Bobbi-Jo Reardon, director with Altus Group Limited as she reviews what new investors should know prior to investing in commercial property.
Module #2: “Commercial Real Estate Banking - Financing” (RBC)
The Prince Edward Island commercial properties are very attractive to newcomers to Prince Edward Island and established islanders. Whether a start-up business or an existing business to get into commercial real estate world, it is crucial for business owners or purchasers to get support and advice on financing. Join Royal Bank of Canada Atlantic Commercial Real Estate team Carlton Skeete, Commercial Mortgage Specialist and Li Yuan Ma, Commercial Account Manager as they review the key points that purchasers or owners should keep in mind when financing commercial real estate.
Module #3: Commercial Real Estate Investing | 10 Key Legal Considerations (McInnes Cooper)
The Prince Edward Island commercial real estate market is hot – largely fueled by newcomers to Prince Edward Island. Purchasing commercial real estate, whether as an investment or as part of a business start-up or purchase of an existing business, entails entering into a contract and assuming legal liability risks. It’s key that purchasers know what they are getting into, and the steps to take to manage those risks. Join McInnes Cooper Commercial Real Estate Lawyers Gary Scales and Sean Corcoran, and Business development manager Frank Chen, as they review 10 of the key legal issues that purchasers should keep in mind when purchasing commercial real estate.
Bobbi-Jo Reardon: Bobbi-Jo is a Director with Altus Group Limited and he has been providing professional services on Prince Edward Island since 1996. Bobbi-Jo has performed appraisal assignments that encompass many types and sizes of real estate. Appraisal assignments include investment properties of all sizes, apartments, hospitality, senior’s housing, industrial, special use, sub-divisions, etc., for purposes of purchase and sale, lease analysis, financing, consulting purposes as well as tax and foreclosure purposes. Bobbi-Jo was designated an Accredited Appraiser Canadian Institute (AACI) in 2003. This designation represents the highest level of accreditation within the Appraisal Institute of Canada.
Li Yuan Ma: Li Yuan is a Commercial Account Manager on Atlantic Commercial Banking Team. Li Yuan strives to establish a one-on-one relationship with clients to help meet all their financial objectives. With degrees from McGill / Concordia University / UPEI, Li Yuan has developed the knowledge, perspective, attitude and the analytical, communication, and leadership skills to deliver effective financial advice to fulfill her clients’ special requirements. Over the years, Li Yuan has acquired a sound understanding of the Atlantic market. While this allowed her to develop experience in a wide range of industry sectors, she is particularly proud of her extensive expertise in the Newcomers market.
Carlton Skeete: Carlton is a Commercial Mortgage Specialist on our Atlantic Commercial Banking team. This team specializes in delivering a high value client experience and providing the best advice and solutions to their clients. Having worked closely with Commercial Account Managers and other partners, Carlton brings the best of RBC to businesses and their owners to achieve their goals. Carlton collaborates with Commercial Account Managers to grow and deepen relationships through professional, proactive commercial mortgage advice and solution. Carlton understands the clients’ financial position, their industry, business model, management capabilities and ability to repay loans; then provides the best advice and solutions to their clients.”
Gary Scales: Gary is McInnes Cooper's regional lead partner for Prince Edward Island. He is a seasoned business lawyer whose practice focuses on immigration, business, corporate finance and commercial real estate matters. He represents local, national and international clients in PEI in matters involving business immigration law, financings, acquisitions, start-ups, reorganizations and commercial real estate development.
Sean Corcoran: Sean is an associate at McInnes Cooper in our Charlottetown office with a developing practice focused on litigation, labour and employment, real estate and corporate and commercial matters. As a lawyer, Sean has appeared on behalf of clients in both Provincial Court and the Supreme Court in Prince Edward Island on various matters. Sean has also represented both vendors and purchasers in real estate transactions, incorporated businesses both provincially and federally, and acted for both purchasers and vendors in corporate transactions. With a background in economics, Sean brings a practical, business-oriented approach to his practice. He openly communicates with clients, focusing on providing solutions that offer the most value.
Sean is a member of the Law Society of Prince Edward Island and the Canadian Bar Association. He is also volunteers as a member of the Queens County Residential Services Board of Directors, as well as a Chamber Ambassador for the Greater Charlottetown Area Chamber of Commerce.
Frank Chen: As the Business Development Manager for PEI at McInnes Cooper, Frank works closely with the firm's lawyers to provide support to clients considering inbound investments into Canada, as well as those seeking to do business in China. He also supports the firm’s immigration team. Fluent in English, Mandarin and Cantonese, Frank helps clients navigate the cultural and business considerations of doing business across borders.
Frank has recent experience as a Program Officer at the PEI Connectors Program, where he provided advisory services to clients related developing business plans and making connections within the business community. Prior to that, he owned a PEI business, was Vice-President/General Manager of a number of high-end hotel chains in Southern China and was the Global Brand Manager for Huawei Technologies, a leading global information and communications technology (ICT) solutions provider. Frank has also travelled to China as part of Provincial trade missions.
Frank is the Vice President of PEI Immigrant Service Centre (PEISC), a non-profit organization which aims to help new immigrants live and work in PEI. He also sits on the Board of the Greater Charlottetown Area Chamber of Commerce.