April 14, 2011
This week’s OBP Perspective is provided by Jeff Bender:
Challenging statements such as, “We can’t find debt”, “I have to sign personally?”, “You require 30-40% equity?” and others seemed to be the mantra of 2010. Not so much as we begin the second quarter of 2011.
Sellers are now putting properties on the market and are willing to absorb the write-down in values, which they knew began in 2008 but are now able to withstand. Capital seems to be plentiful and as usual, April 15 marks the traditional start of the spring increase in activity in all commercial real estate sectors. File your taxes (or at least an extension), enjoy the change in the weather, squeeze in one more spring break trip then work diligently. Here comes the busy season.