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Strategies & Market Trends : Commercial Real Estate tic.............tic,,,

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To: Smiling Bob who wrote (397)6/21/2012 2:10:10 PM
From: LLCF  Read Replies (1) of 442
 
Any opinion on Commercial Bob?

I've been making some loans (buying notes or replacing bank loans) on commercial properties I like @ about 60% LTV. Owners don't want to fart around with the banks and are convinced their properties will rebound so are willing to pay good rates (3 year note 10%, 8%, 8% IO) with a prepayment penalty of the entire first year if pre-paid before that.

BUT, so far I haven't really seen much that looks like that great a deal (these low rates seem to be holding prices up of everything that isn't vacant) yet... What you think???

DAK
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