Real Estate/Development
Feb. 24, 2011
Distressed Note Buying Picks Up the Pace
More than $1 billion in mortgages traded in Q3 and Q4 as investors seek to acquire properties behind loans.
Daily Journal Staff Writer
When the real estate market crashed in 2008, many observers anticipated the silver lining for investors would be a huge deluge of distressed commercial properties hitting the market. Instead, the troubled assets have become available slowly and steadily.
In the past year, however, that flow has picked up momentum, often without the property itself trading hands between buyers.
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