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Opportunity springs eternal!   Commercial real estate values have dropped precipitously over the last year or two.  Many experts believe that values have not yet stabilized and that it may take years before they recover and again begin their upward ascent.  So, where’s the opportunity in that?

Many commercial landlords are in jeopardy and are facing a myriad of extreme challenges. Leasing demand is at its lowest point in years; many existing tenants, whose businesses are experiencing their own challenges, are seeking to reduce their current rental obligations by renegotiating their leases; other tenants are offering space for sublease at discounted rents; still others are going bankrupt and ceasing rental payments; the short-term commercial mortgages that financed so many buildings in the last decade are expiring; replacement debt may be unavailable, expensive, restrictive, and / or insufficient to equal existing debt levels; additional equity may be unavailable…the story goes on and on.

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