Is financing becoming easier in B and C markets? Banks are looking for returns and have to lend money, competition is fierce in all the A markets and competition pushes rates and fees down. This leads lenders, forced to put money on the street into markets they might not feel comfortable in but the returns […]
After reading this article about Philadelphia, I often wonder if a land bank would help in Irvington, New Jersey. There are so many pockets of mostly abanded buildings on some streets. I know it would work in the central ward in Newark, New Jersey.
We are all cash buyers looking for studio space in Monmouth, Middlesex or Ocean Counties, NJ. We will consider mixed use, warehouse or factory shells. Any condition. Email or call Andrew at 646-584-1239 Must Haves minimum 2500sq. ft (per floor) or more warehouse type space large, wide-open space indoors 15+ ft ceilings parking Extras natural […]
If you think it is hard to buy a bank owned property now, wait, some banks are extending the first look period for owner occupied buyers. Let’s see how many of these deals fall apart when the potential buyers can’t get financing. Delay the pain or cut the houses loose? What are the banks thinking […]
Relationships are everything, which is something you will not get from the larger banks. If you are a real estate investor looking to build your rental portfolio, you are best off working with local banks in your area. http://therealdeal.com/blog/2013/12/27/smaller-lenders-gaining-clout-in-mortgage-market/