Reality: The state of the world as it really is rather than as you might want it to be.
Come to Us for Central Massachusetts Commercial Real Estate
Yes, there is money available for strong properties and borrowers with good credit. However, we get too many calls from borrowers we cannot help because they are simply not realistic. They are either in denial or are unaware of the problems that our industry is facing.
Transactions in the commercial real estate business are reportedly down over 85%. While there are many reasons for this, clearly one problem is that sellers and borrowers are valuing their assets substantially higher than buyers andl enders.
Well in this reporter's humble opinion, it's time for sellers and borrowers to "get real." Read on for my rant on this subject.
Ed. Note. Our thanks this week to Mr. Joe Forman, CEO and President of Bond Street Capital Companies, for allowing us to reprint this article. Bond Street is located at 5236 Colodny Drive - Suite 101, Agoura Hills, CA 91301.Their phone is: 818.865.4100.
His article cuts to the heart of what so many owners and borrowers, lenders and buyers, are experiencing today. The CRE market is in a state of change. The rule book won't stay steady, so how can anyone know what to do?
We feel our SVN ART (Asset Recovery Team) can be of help. Ask for more information if you find yourself in this puzzle.
Central Massachusetts Commercial Real Estate