Distressed Properties

“In Every Crisis Lies the Seed of Opportunity.” A distressed commercial property is an under-performing asset that significantly challenges the owner in one of three ways.

• Physically: Property is being run down, obsolete, or having deferred maintenance such as a leaky roof or exterior/interior problems, but no money to fix it.
• Financially: Property is producing a negative cash flow each month, which forces the owner to pay out of pocket. Insufficient cash flow to handle the typical operations of a commercial property could cause it to become distressed, A financial distressed property could also mean a property underwater, meaning they owe more than it is worth.
• Personal Issues: This could be anything from pre-foreclosure, liens, lawsuits, building violations,divorce, sickness or even partnership situations

In our line of work we come across distressed commercial properties all the time. All of the issues found in some distressed properties can be turned into big opportunities. You can fix most of these issues, and once you fix them, it could equal great huge profits. Please contact one of our real estate agents.