Magazine article Mortgage Banking

LoopNet's Commercial Property Database Expands

Magazine article Mortgage Banking

LoopNet's Commercial Property Database Expands

Article excerpt

San Francisco--based LoopNet Inc. announced that its recently launched national property database has expanded substantially since being introduced in May 2010. Now with more than 7.5 million property records, the LoopNet property database has grown more than 50 percent since launch, and the company reports that more properties are being added daily.

According to the company, the LoopNet property database marks a significant extension of the services LoopNet delivers to all commercial real estate participants. Historically, LoopNet members have been able to search for available for-sale and for-lease properties in its marketplace, which comprised approximately 750,000 listings as of April 1, 2010. The property database contains approximately 10 times the number of properties and represents a more holistic view of commercial inventory in a market, regardless of current availability. Available property details include:

* owner details and history;

* tenant rosters and details;

* mortgage and lender history;

* tax records and assessed values;

* historical sale and lease listings;

* property details and photos; and

* asking-price and asking-rent trends. …

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