Proven product. Proven process.

Absolutely. Cloudloft has long-standing relationships with a select few lenders that we are confident can evaluate your financial objectives and offer appropriate terms. Having a lender who understands your personal finances and acts as a partner is key to a smooth and efficient process.

Not at present. Cloudloft can help you evaluate options and, as mentioned, can recommend lenders familiar with our office condominium product. Cloudloft offers a list of topics and questions to consider as you explore financing options.

There are several important factors that drive rental rates and lease terms that are primarily location specific. We are happy to share Cloudloft resources and direct you to information we have to help you determine and test various scenarios. We are committed to helping you make an informed decision.

Yes, the Cloudloft team will work directly with you to achieve a floor plan that will best serve your needs. We have several “standard” options which are both proven and can be constructed within the contract price. For specialized plans we will work with you to design and provide cost estimates. Once a final design is ready, Cloudloft will provide you with a detailed estimate of cost if over the standard finish out cost.

There are 3 primary cost categories to plan for.

1. Purchase

When you purchase your new office condominium there are “closing costs” which includes legal work such as the deed and other documents vesting you with the title. Related fees and expenses are part of the cost of closing including bank fees, recording expenses, tax prorations and a few others. Cloudloft can provide you with an example of closing costs along with a list of likely possibilities.

2. Owning

The cost of ownership includes monthly loan payments (assuming you borrowed money to purchase). Mortgage payments typically are structured to include the mortgage interest, principal payment along with property taxes and insurance escrow.

3. Operating

Finally, there are ongoing operational expenses including owners' association dues, utilities (electricity, water and sewer) and other provided services. These vary with use.

If you are leasing your condominium to others, the cost of utilities and others services should be addressed in your lease agreement.

Maintenance of the property, and the exterior of all buildings. Pest control, trash pickup for dumpsters, landscape and grass irrigation, exterior lighting, management and accounting for the Association, Insurance coverage for the Association and liability coverage of the common areas. Insurance coverage for the exterior of the buildings covers replacement for specified damage or destruction, contributions to a reserve account to cover future repairs or owner approved upgrades to the property.

Details can be found in the Condominium Association documents we refer to as the Owners Association Declaration. (Please see your Declaration for a complete description.)

First meet with a Cloudloft representative who will guide you through the process of evaluating and understanding the benefits of owning commercial real estate.

Second, consider your investment goals and personal finances to confirm you are ready to proceed.

Third, let Cloudloft help determine the best condominium project and unit for your needs.

Cloudloft can assist with information to help you understand the investment, choose a unit, followed by a purchase contract, and an escrow deposit. Once a contract is in place, Cloudloft will help confirm your floor plan layout, make final selections with the assistance of our professional designer and review the pre-closing checklist for such issues as insurance and planning the down payment at closing.

With your contract in place, your next step is to finalize your financing. Start approximately 75 days prior to closing.

These initial steps get you well on the path to ownership, however there are other considerations to make. Cloudloft is here to help you before during and after your purchase.

Some of the services that you will need are provided by the owners association. For example - electrical, internet/phone, and janitorial are the responsibility of the owner. Ultimately some items will be determined based where your office condo is located. We can help answer all of these questions, please contact us prior to your needing service.

Yes, your owner's association has a signage policy that allows you to have signage on the building. The policy ensures that all signage within the office park is professional and attractive.

There are no guarantees, however our experience is that the office condos in the markets we have chosen to be in, do typically appreciate over time. There are several factors involved, please contact us if you would like some specific examples.

Yes, we have several interior finish packages to choose from. All of the finish options have been selected by an interior design professional, and are kept current with today’s standards and trends.

The careful selection of the office park locations is done with you, the business owner and investor, top of mind. Cloudloft is only successful when you are successful, so only the best locations are considered. We choose office condo sites based on specific demand drivers. Please engage us so that we may share more factual details on this topic.