We have direct access to over 10 apartment building notes that are for sale in Los Angeles County. For more details, please contact me. These are in various stages of distress - from temporary loan mods to final stages of BK. Also, there are a variety of locations and sizes from 5 units to over 30 units. Buying a Note from a bank does not in any way guarantee you that you will own the property. But with the right strategy and flexibility in place, it can be a great investment. Let us know if you want to sit down and review buying commercial or non-performing notes to buy.
Also check out out sites in LA: bankownedcommercialpropertylosangeles.com & losangelesinvestmentrealestate.com for more deals.
Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Showing posts with label Non Performing Notes. Show all posts
Showing posts with label Non Performing Notes. Show all posts
Monday, August 8, 2011
Wednesday, October 20, 2010
Bay Area Investment Real Estate - Mario Pinedo, CCIM Investment Update O...
Investment Property update for Silicon Valley. Single family home sales and commercial investment opportunities from www.MPIRES.com and Intero Real Estate.
Thursday, July 22, 2010
Non Performing Residential Notes in San Jose - Silicon Valley
Banks are far less apt to sell their residential non-performing or under-performing notes to investors. The world has shifted to hedge funds and other investment groups that are buying bulk notes from banks. These true investor oriented groups see value in parceling off some of their purchases. The arbitrage is won by the local investor who understands more clearly what final sale value a home will have. Typically the hedge fund is making a decision on a geographical area of which it is not familiar. The reliance is on a Broker Price Opinion which may or may not be very good. The typical BPO provider is paid $40 per report - not enough to stimulate precision and accuracy. So, if you can buy a residential non-performing note either at a discount or a par - if your asset's value is clear, then a rational investment decision can be made. Let us know if you are looking for this type of investment.
Monday, July 5, 2010
Commercial REO & Non-Performing Note Sales
The commercial real estate bank owned opportunities will not materialize as did the residential REO market of the last couple years. Most commercial banks have taken a completely different strategy to reducing their bad debt. Few commercial banks are even starting the foreclosure process because they do not want the bad commercial assets on their books. This necessitates increasing cash reserves to offset the bad debt. In lieu of this, the banks would rather sell their non-performing notes to investors, who then can foreclose on the properties without incurring FDIC triggers.
The commercial distressed property opportunities will be even more attractive to investors than the residential deals were. The challenge is how to participate in these opportunities.
My partner, Julie Duong and I have the solution. We are pairing investors with banks to facilitate these transactions. Call us for a consultation so that we can deliver to you the best deals available.
The commercial distressed property opportunities will be even more attractive to investors than the residential deals were. The challenge is how to participate in these opportunities.
My partner, Julie Duong and I have the solution. We are pairing investors with banks to facilitate these transactions. Call us for a consultation so that we can deliver to you the best deals available.
Sunday, June 20, 2010
Commercial Office Property Condo Mountain View Short Sale - Non Performing Note Sale
We have an exclusive opportunity to purchase a non performing note on a commercial office condo in a great park in Mountain View. Approximately 3,650 square feet, 5 year old property, well built out 100% office space, great value in the mid $100s per foot. Great deal for an owner-user in a park that is convenient to 237, the mid Peninsula and south to Silicon Valley.
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