Archive for August, 2007

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Cap Rates on Commercial Property Fall for 10th Consecutive Quarter

As reported by LoopNet -According to Commercial Real Estate Direct, Returns from institutional investors’ commercial property holdings increased in Q2 to 4.59%, up from Q1. Meanwhile, cap rates on the holdings dropped to 5.48%. The numbers are based on the NCREIF Index, which tracks more than 5,000 properties. Investment returns were [...]

30Aug2007 | Brecht Palombo | 0 comments | Continued
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Watch this blog for our REO deal of the week.

Right now we have a 4 unit property going through a rigorous analysis. At first blush it looks conservatively like a 100% return (double your money) by month 26. Check back for the complete package later today or tomorrow afternoon.

29Aug2007 | Brecht Palombo | 0 comments | Continued
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Year-to-Date Auction Announcements Up 165 Percent

The Warren Group reported today that notices of default continued to rise in Massachusetts in July. This is the 18th straight month in a row that foreclosure notices topped the same month the year prior.
What’s more is that the report says that more of these notices are making it to auction. If you’ve read this [...]

29Aug2007 | Brecht Palombo | 0 comments | Continued
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