Commercial Real Estate / Strategic Default In Southwest Florida

With so many foreclosures and short sales in Southwest Florida Residential Real Estate, it should be a given that we will see that transition into commercial real estate in Fort Myers, Naples and Southwest Florida.  This should be a top alternative to help owners of bad assets / distressed commercial properties and those banks who are involved.  It is imperative to have real estate professionals get involved and set up these mutually beneficial scenarios. 

It is estimated there is approximately $1.4 trillion dollars of commercial loans set to come due by 2014.  That is a lot of money and these are the short term numbers.  So what are the options? 

·         Borrower and Bank agree to modify the loan in some fashion or delay the balloon.

·         Bank forecloses on the defaulted property.

·         Bank, borrower and Realtor work to get a buyer at fair market and short sale the commercial property. 

At MAXIM LLC – Commercial & Residential REALTORS – We are dedicated to perform mutually beneficial scenarios for both commercial lender and borrower.

Written By:  Steve R. Daria / Real Estate Broker / www.MaximRealtors.com