CommercialLeads.net - Realtors Turning To Commercial Modification for Alternate Income

Commercial Realtors looking for alternative sources of income are turning to commercial modification as a way to keep the cash flowing and assist their client base. End Quote

(1888PressRelease) April 07, 2010 - Commercial Realtors have been suffering the affects of the CRE collapse perhaps more than any other segment of the industry. Without reliable financing sources to fund their clients deals Commercial Realtors find themselves often working for nothing. There is great interest in some commercial property now that the values have dropped nearly 50% nation wide however getting the buyer to the table with funds in place is extremely challanging. Commercial Realtors are turning to residential sales to sustain but cannot achieve the same level of success due to lower over all pricing and the same issues with borrowers obtaining reliable financing.

As a result many commercial realtors are looking for alternative sources of income which keeps them in the commercial game until the storm fully passes. Right now that alternative income is coming from Commercial Loan Modification opportunities presented by the trillions in loans coming due with little or no chance of refinancing. Realtors are perfectly positioned to help current property owners resolve current loan issues and later be better prepared for future deals resulting from those same borrowers looking to expand their CRE portfolios once financing loosens up.

Commercial Modification is the process of negotiating a resolution of a current loan which is either ballooning or in distress with the current lender to keep the cash flowing for the lender and property owner until new financing options become available. The modification process is relatively simple and one that all commercial realtors are inherintly trained for as relates to their knowledge of valuation and debt coverage requirements and calculations. These are the two key issues which need to be addressed whe designing a modification proposal for commercial real estate.

While there is no known training for commercial modification provided by the NAR or other organizations there is a private venue. CommercialLeads.net is the only company in the U.S. providing training and support for Commercial Realtors seeking to enter this space. Realtors receive a comprehensive training course and phone training to get them started as well as ongoing support for cases taken on as they begin to build their new business.

With nearly 1 trillion in commercial loans coming due in 2010 and another 1.5 trillion due by the end of 2012 the time is right for Commercial Real Estate Professionals to enter the game and provide this critical service to commercial property owners in need.

CommercialLeads.net, LLC
http://www.commercialleads.net
Tel: 1.888.677.1451

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