2nd Wave of Real Estate Crisis to hit Commercial Property Market | 7.12.09

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Permalink Reply by Stephen Alter on December 3, 2009 at 12:56am

It looks very, very dim. With the commercial real estate banks on extend and pre-tend with their various developers or other various borrowers in the strangest setting, There is no accountability, non of these owners can make their mayments and more go in default and yet the bankers who were the last time we chedule just kicking back and knowing that they're not an position and not eve are the ready to move on any of these properties as if they would have been if the goverment was telling them tthat they wanted them to foreclosure. I believe that normal behavior, moving toward future note saless as well as putting into place the teams necessary so that they could be better positioned to help manage the various assigments and that this behavior is whats hnot hapening and instead you've got a few first lke Reacapitalmarkets.com that's great because we're not so hungry that we've got to get an exclusive right to sel signed . Our software as a service is often very reasonable at about $5000 per tranaction. Obviously the portfolio deals are all over the board but they are extremely reasonable.

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