Lending on Distressed Real Estate Notes: Business and Legal Issues
The great real estate buying opportunity that was expected to follow the recent financial crisis has yet to materialize. While the residential real estate market has thawed somewhat with the help of ultra-low-interest mortgages provided by federal government agencies, the commercial market remains frozen. Income-property values are down about 40 percent from the peak, but transaction volume remains a fraction of what it was a few years ago.