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.

Saturday, July 17, 2010

Bank Owned Commercial Office Condo For Sale in Mountain View


3,600+ square foot commercial office condo for sale in Mountain View. Full office build out. 5 year old property. Property consists of two commercial condos (with separate parcel numbers)built out as one contiguous space. These units can be demised and sold or rented by themselves. Gorgeous commercial business park community.

Configuration as follows: 6 private perimeter offices with glass side panels and top windows, twelve 8x8 cubes, two ADA bathrooms, a server room, lobby entrance, large meeting/conference space and spacious kitchen.

Last comparable sales in the complex are over $220 per foot for simple shell condition space. This well designed and built out space is offered at $699,000 or $192 per foot.

If you run a business in the lower Peninsula or Silicon Valley - this will be a great deal for you. Commercial distress in this location is rare. The high quality of the property adds even more value. Call us for confidential details on this asset.

We expect to have this on the multiple listing services by August 28th.

The MPIRES Group works with banks, servicers and investors to bring commercial/investment opportunities to the market. If you are looking to invest in distressed commercial investment property, let MPIRES Group show you the way.

Monday, July 12, 2010

Single Tenant NNN Sacramento for Sale

A new construction, twenty year ground lease Taco Bell in Sacramento just came on the market. With a ground lease - the owner of the land has no maintenance obligations - the tenant maintains the building, parking lot and landscaping. This is a great investment 1031 tax deferred exchange replacement property for surety of income and no maintenance responsibilities. 6.5% cap rate. $95,000 in annual rent. Offered at $1,462,000. Call me for details 415-269-6249.

Short Sale Fourplex in Excellent Campbell Location

A great opportunity just hit the market in Campbell. Four units, all 2 bedroom & 1 bath, 3,150 total square feet of living space, common laundry room, carport parking - the building is in good rentable condition. Sold most recently for $930,000 in 2006 - now on the market as a short sale for $680,000! Two units renting for $1,250 each and the other two at $900 per unit. 13.1 GRM. Solid rental street in non-rent control Campbell. Call me as soon as possible to make an offer on this property - it was in escrow before at a higher list price - now back on the market to move.

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.