Today, the total combined estimated value of all commercial real estate in America is now valued to be near the same $3.5 Trillion dollar combined outstanding commercial mortgage debt value. This now means that there is essentially NO NET EQUITY for all commercial properties combined in America as the current mortgage debt levels equal the current combined value levels. Since commercial real estate values have plummeted since the start of the global financial meltdown in 2007, many of these existing commercial properties nationwide are now completely "upside down" with negative equity just like a high percentage of residential properties are right now. If banks nationwide had to admit and acknowledge how bad their existing loan losses are right now, then there would be few (if any) large banks left. Since the 20 largest banks in America are now ALL technically insolvent partly due to their hundreds of trillions in off balance sheet derivatives investments (i.e. Credit Default Swaps, etc.), this worsening commercial real estate meltdown will only hurt banks even more along with their worsening residential portfolios. We are actively working on numerous commercial property work-out transactions (hotels, apartments, construction, etc.) in which the existing lenders are slashing their loan balances, and selling their prime assets for a fraction of their outstanding loan balance values. There are some incredible buying and brokerage deals (i.e. listings) for many of our affiliate clients and real estate brokers. For more information, please contact me direct. |
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