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SAN DIEGO-The playing field between older and younger loans is uneven, and figuring out how to level it is a challenge for investors, Jim Evans, president of Grand Blanc, MI-based brokerage firm Bruce G. Pollock & Associates and past president of the Institute of Real Estate Management, tells GlobeSt.com. IREM is chairman sponsor for RealShare Investment & Finance here June 17-18, part of the RealShare Conference Series produced by ALM Real Estate Media, which also publishes GlobeSt.com and Real Estate Forum.

Evans says the playing field is uneven because older loans, which were given at higher interest rates and/or for properties that sold for higher prices than today’s, also have a higher cost basis than new loans at historically low interest rates for bank-owned properties that are selling for less because the banks want them off their balance sheets. “So how do you level the playing field when your costs are so much higher?”

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