Joel's Twitter Feed
- Multifamily Lenders Share Their Biggest Concerns For The Road Ahead - http://nreionline.com/news/multifamily_lenders_biggest_concerns_0203/
- CMBS Delinquency Could Peak at 12%: http://bit.ly/8GMPdG via @addthis
- Remington Financial Group, Inc. - New Distressed Owner and Debt Opportunities Program, http://hubpages.com/t/db8c6
- Remington Financial has two new webinars are available for brokers to help find and structure new financing options for distressed owners.
- Lack of Bank Liquidity Threatens Commercial Real Estate Market http://www.dsnews.com/s/u-mhn2 #dsnews
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It’s not surprising the Arizona real estate market is one of the hardest hit markets across the county. The aggressive expansion and over building has put a substantial amount of product on the market. This can be seen on both the commercial and residential sectors. So people are asking, when will property values stabilize, how much product is on the market, when will the credit markets recover? In my opinion, it will take 2-3 years for the surplus of product on the market to be fully absorbed. This makes 2010 – 2012 a great time to purchase real estate!
With Good News and Bad News Market, Remington Sees Opportunity
2010 is shaping up as a “good news, bad news” type of year for commercial real estate owners if what industry experts are saying proves to be correct. At least there’s some good news, eh?
The good news they say is that transactions are likely to pick up speed in 2010, while new commercial development will remain pretty dead in the water for right now.
The worst news concerns owners of highly leveraged commercial properties who financed them at the 2005-2007 market peak and can no longer pay back the soon-to-mature loans. The worst-case scenario is that tight credit and plummeting property values will force thousands of them across the country to sell out (if a buyer for an underwater property can be found), declare bankruptcy or recapitalize. The upcoming proliferation of distressed owners – and their need for Recapitalization – will keep brokers busy in the coming year.
For brokers, distressed owners represent a new business opportunity. It is a crisis – and as the Chinese say – every crisis is filled with danger AND opportunity.
At Remington, one way we’re taking advantage of the opportunity on behalf of our client brokers is through our relatively new Distressed Owner Recapitalization (DOR) Program. With the DOR Program we partner with brokers and distressed borrowers using the Remington global network of private sources of capital for investment in troubled properties.
We do all the work. And you share in the benefit, earning 25% of the closing fee for every referral. To find out more about the Remington DOR Program and how it can work for you, give me a call at Remington and let’s talk!
Thank you – Joel Nathanson