Lynn Drake

Lynn Drake’s status is well known in the industry: She’s the commercial realtor focused on maintaining “true north” for her corporate clients. It’s a reputation built on 35 years of commercial real estate experience. Lynn became a commercial realtor in 2001 after 15 years in corporate real estate. Thus far in her career, Lynn has successfully completed over 1,500 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.

30

Apr2019

Detroit Riverfront Conservancy – Chene Park

by Lynn Drake / / Commercial Real Estate
Below are before and after photos of Chene Park in Detroit, MI.
April 30, 2019Lynn Drake

25

Apr2019

Relationships with Bankers are Key

by Lynn Drake / / Commercial Real Estate
Before you go out and start looking at buildings, contact your local bank and schedule an appointment with the branch manager. Ask them to review your firm’s financials and tell you how much of a mortgage you can afford. Some bank managers aren’t able to do this, so try the ... Read More
April 25, 2019Lynn Drake

16

Apr2019

Art, Architecture, or Bad Design? Keeping the Buildings Intact

by Lynn Drake / / Commercial Real Estate
Even though the earthquake was in 2011, the city hasn’t been able to rebuild everything. The following photos show how the city is trying to keep the buildings intact until they can get the money and construction workers required to repair these buildings.
April 16, 2019Lynn Drake

11

Apr2019

Mortgage Loans: They Aren’t all Created Equal

by Lynn Drake / / Commercial Real Estate
Occasionally, someone will sell their building on a land contract. This mean the buyer puts down an agreed upon amount and then the owner finances the loan based upon an agreed number of years, amortization schedule, and interest rate. Usually, these loans are for 5 to 7 years, and any ... Read More
April 11, 2019Lynn Drake

03

Apr2019

Detroit Riverfront Conservancy – Stroh River Place

by Lynn Drake / / Commercial Real Estate
This new area to walk along the river is a beautiful area for everyone in Detroit.
April 3, 2019Lynn Drake

29

Mar2019

Detroit Riverfront Conservancy – Atwater Beach

by Lynn Drake / / Commercial Real Estate
Atwater Beach is another piece in the 5 year plan for Detroit.
March 29, 2019Lynn Drake

26

Mar2019

Art, Architecture, or Bad Design? – Retail Space Created out of Containers

by Lynn Drake / / Commercial Real Estate
After the earthquake in Christchurch, the city didn’t want anyone entering any of the buildings until they could inspect each one of them. However, retailers obviously didn’t want to wait months or years to open their shops, so someone came up with the idea to build shops out of containers. ... Read More
March 26, 2019Lynn Drake

22

Mar2019

Find the Right Team Member: Commercial Mortgage Broker or Banker

by Lynn Drake / / Commercial Real Estate
A Mortgage Broker or a Banker will offer different types of financing. The fees are also different, so ask friends or your team members who to use. Before you even think about putting out an offer on any property, get an estimate on all the costs the lender will expect ... Read More
March 22, 2019Lynn Drake

19

Mar2019

Find the Right Team Members: Attorney

by Lynn Drake / / Commercial Real Estate
Attorneys are like real estate agents in that some dabble in commercial real estate, while for others it is their primary business. Go with the latter, and you will be happier with the end result. Try and stay away from generalists when hiring an attorney. Ask them what types of ... Read More
March 19, 2019Lynn Drake

15

Mar2019

Detroit Riverfront Conservancy – Milliken State Park

by Lynn Drake / / Commercial Real Estate
Detroit got rid of the mounds of dirt and created a state park that looks better than ever! Compare these before and after photos of Milliken State Park.
March 15, 2019Lynn Drake