Distressed Asset Joint Ventures: A Winning Trifecta?
Chicago-based Corus Bank was once a prominent lender in the world of condominium development. But in 2009, Corus became just another failed bank, with one notable difference: Corus' assets were
Chicago-based Corus Bank was once a prominent lender in the world of condominium development. But in 2009, Corus became just another failed bank, with one notable difference: Corus' assets were
One of the mysteries of today’s commercial real estate market is the current dearth of foreclosed properties on the market.
The gloomy news about the real estate recession continues to pour in.
A struggling commercial real estate market has led to unprecedented levels of nonperforming commercial mortgage loans.
Within the chaos of foreclosures and deeds in lieu, lenders are utilizing receivers to minimize losses, maximize property values, and reduce potential liability on properties in default.
Broker competition to service lenders’ real estate-owned assets is heating up as traditional leasing and sales activity cools amid the current market slump.
Today’s $108 billion of distressed commercial real estate reported by Real Capital Analytics has created an opening for risk-takers of all sizes.
If only every property was spacious, perfectly located, and environmentally sound.
Editor's note: Turning around a distressed property can be a lucrative, albeit risky, investment for commercial real estate professionals.