Don closes Camarillo office building deal
By Leslie | February 27, 2010
Don recently closed on this 40,000 plus square foot office building in Camarillo. He represented the buyers in tracking this property through foreclosure and negotiating the sale with the lender. While much has been written about the housing crisis over the past 2 years or so, commercial real estate is beginning to be hit by the same pressures of falling values and lack of financing. Commercial properties were commonly financed through the CMBS (Commercial Mortgage Backed Securities) market, but that marketplace has essentially been frozen since our near financial meltdown in late 2008. This financial pressure on commercial properties, however, brings excellent opportunities for institutional and/or commercial investors. Interested in this arena of investment possibilities? Give Don a call to find out more.