Portions of the Commercial Sector Are Looking Up. (Written January 7th, 2010)
Posted by Tim Bray on
5 years ago most real estate markets were thriving....all except for one. The commercial multi-family marketplace was taking a major hit. After all, anyone with a pulse could get a loan and purchase a single family home as opposed to renting. Vacancies were at an all-time high and many commercial apartment brokers were forced out of the market.
The recent paradigm shift has created huge opportunities for those who stayed in this segment of the market. As a potential homeowner it is now very difficult to get a loan. People who previously possessed good credit and owned huge homes are now forced to rent due to the loss of an income.
Commercial lenders have closed their wallets, put their feet on their desks, and are playing the waiting game. The…
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