OfflineAs we know real estate in distressed situations create huge opportunities for investors. Generally, single family residence real estate feels the pinch of low economies then commercial properties follow shortly after. Well, that time for commercial distress is now upon us. Take a look at this report that came out 06/30/09:
National distressed commercial real estate totaled $97.4 billion in early June, including foreclosures, lender-owned properties and those headed in that direction, according to a new report from Delta Associates.
Distressed commercial real estate volume has doubled every three months since December 2008 with retail properties representing the largest segment in June, at $29.7 billion.
Commercial mortgages had a 3.2 percent delinquency rate in the first quarter, up from 1.8 percent in the first quarter of 2008.
Delta says mortgage maturities will also peak at more than $300 billion per year in 2012 and 2013.
The Alexandria, Va.-based firm also reported that the 12-month trailing delinquent unpaid balance of commercial mortgage backed securities rose by $12.5 billion to $17.1 billion in February.
This article can be found at:
http://www.bizjournals.com/denver/stories/2009/06/22/daily43.html
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
the article. Another ave. to consider investigating to invest in before competition learns of the opportunity.
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the Merciful.
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Thanks for sharing this information on commercial properties with us. There are all kinds of deals out there and it pays to research and learn as much on each area that you can. Believe and Achieve!
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Add all of this up and then take the information locally and you have huge opportunities. Nstreet shared information on another forum that mentioned that the local banks will soon see more foreclosures than they can probably handle. You should have also seen that foreclosures will climb in commercial real estate during 2010, 2011, and 2012 because investors and their groups purchased properties with mortgages that have balloon payments and in addition to this they financed the properties to the hilt, because of this and with increased vacancies even by a few percents properties financed to the hilt no longer cashflow - All of this together creates opportunity to be aware of...now.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125