| Posted by stuart on February 19, 2010 |
Commercial Note Brokers announces $8.9 Million in Performing and Non Performing commercial real estate notes for sale
Based in Broomfield, Colorado, Commercial Note Brokers (CNB) is proud to announce the offering of $8.9 million in performing and non performing commercial real estate notes for sale. These properties are all located in Colorado and consist of a Medical Office building, car wash, commercial raw land and two unique properties.
At this time the Medical Office building has just become non performing, but may become performing again with the signing of a pending lease. The other properties are all performing at this time.
Register as a note buyer with CNB
In order to view detailed information about these or other particular properties, please register on our site and let us know exactly what you are looking to purchase and where. We have a great number of properties that can not be advertised on our site due to specific agreement with the bank selling the notes, but that are available to be matched to buyers that have expressed an interest in that type of real estate note.
Get on our hot list today! Be the first to know about new commercial real estate notes for sale as they become available. All you need to do is to register as a buyer and let us know
what you are looking for so we can show you what is available in your area.
| Posted by stuart on January 31, 2010 |
Looking to purchase $8 to $10 million of Performing but soon to be distressed CRE Notes
Commercial Note Brokers (CNB) has a buyer who is specifically looking for $8 to $10 million of currently performing commercial real estate backed notes. The exact specifications of the notes need to meet the following critieria:
Performing but distressed notes criteria
- One single note or multiple notes.
- Currently performing.
- Soon to be distressed due to inability to ‘roll over’ the loan.
- Preferably the seller is a bank.
The buyer in this case is a bank. The bank is looking at a range of discounts on the notes, but expects between 5% to 20%. The loans can have a variety of maturities and current appraisal problems/issues are expected. Commercial Note Brokers intends to act as a workout facilitator for the businesses and loans and to assist the distressed businesses in returning to full profitability and in securing new permanent financing for their loans.
This situation is ideal for a bank that has too much distressed debt classified as investment or who wants to prune certain borrowers or loans from their portfolio with a minimal impact to the banks capital. The purchasing bank is overcapitalized and can offer permanent workout financing to the distressed borrowers.
If your bank is in trouble with too much commercial real estate debt and is looking to assist the borrowers who may be unable to prevent going into default as their balloon loan matures, our bank buyer will purchase the notes and help your bank align its real estate loan classifications with what the FDIC is demanding.
Please contact:
Stuart Dobson
Stuart@CommercialNoteBrokers.com
303.919.0309 direct
Jason Pavlovic
Jason@CommercialNoteBrokers.com
303.667.1622 direct
| Posted by stuart on January 6, 2010 |
Dear Mr. Bank President or Distressed asset manager:
How is 2010 looking for you?
The New Year has promise for many changes. One thing that has not changed is the continuing pressure on private equity holders of small and midsize banks that engage in commercial lending. As the FDIC is forcing up Tier 1 capital requirements, the bank’s shareholders stand to lose everything.
A bank has limited ways to raise this capital. One is of course increased shareholder equity participation. The other is to liquidate troubled loans. The problem is that the bank cannot find the buyers who would buy one or two troubled loans at a market rate that is acceptable to the bank. The pooled fund managers that are the last resort for selling these assets will want everything or nothing, and demand prices that will guarantee them an 80% return on investment and guarantee that the bank takes an impossible hit to the bank’s capital. This puts the bank in a bad position of having to alienate good customers with longstanding relationships, do nothing in the hopes the commercial market will improve, or take over the property as OREO real estate and hope to sell it in a few years…
Commercial Note Brokers has a better way to preserve bank capital while disposing of troublesome loans.
We have identified buyers for these distressed notes, whether they are secured by land, multi-family projects, construction loans, commercial investor loans or underperforming retail and office properties. Our system allows the banks to be selective in which loan is offered while maintaining confidentiality. In other words, the bank can
‘cherry pick’ which individual loans they want to entertain offers for, and allow us to perform the buyer qualification and do the marketing. The bank is under no obligation to accept any offer, confidentiality will be strictly maintained, and the bank has nothing to lose from trying us out.
| Posted by david on December 17, 2009 |
Buying commercial bank notes does not have to be difficult
Buying commercial bank notes from banks may seem like an arduous and difficult task. However, truth be told, banks need investors to take their notes off their books so that they can continue to lend and not have the FDIC breathing down their neck. With that being said, banks are more than willing to work investors and buyers of their distressed commercial assets.
Find commercial bank notes using Commercial Note Brokers
Not to promote ourselves too much but buying a commercial note through a participating bank on the Commercial Note Brokers website has never been easier. All you have to do is log in to the site after answering a few questions, browse current offerings, download the offer form and submit it to us! It’s that easy. Offers are made on a first come first serve basis so if you see a deal you like and you do your due diligence and it seems like a sound investment, you should act quickly and make an offer.
We can also act as your buying agent for find a commercial note that you want
If you don’t see a deal that fits your criteria, please come back and frequently check as we’ll be constantly adding commercial real estate notes. Also, please make sure that you check out our e-newsletter that will highlight some of our latest offerings. We’ll most likely send these out a couple times each month. Should you want to follow us on Twitter or become a fan of ours on Facebook, please do so as we’ll also be posting our latest offers on these social media sites among others. We look forward to you joining Commercial Note Brokers!
