I have been writing a great deal over the last few months on my blogs about the current trends in the commercial real estate market.
With the pressure the banks are having placed on them by regulators, they are having to force their borrowers to pay off their loans. This is known as “Accelerating the Loan” in commercial real estate. You can imagine the trouble this causes for the owner of a property.
These may even be performing notes. The problem is caused by the bank looking at their current loans and trying to figure out how they can generate enough capital to get their reserves where they need to be to satisfy regulators.
I guess they feel like if they have a performing note, it is more likely they will get paid off in full if they accelerate that note. To some degree this makes sense. However, for the borrower, this creates a major problem. With lending being as tight as it is all over the place right now, even a performing property may have trouble refinancing.
Admittedly, I’m not a commercial real estate expert. I have studied it from some of the best trainers out there. I also network with many people in the trenches every day. What I have learned is so much more exciting to me than residential real estate.
One thing is clear, you need a team behind you if you are going to get into commercial real estate. You should also take the time to learn as much as you can WHILE you are also looking at properties.
Don’t get paralysis analysis, it’s not good for you. 
Get out there and start looking.
Find a commercial real estate agent in your area, start looking on Loopnet.com and start looking for distressed properties in your area.
Other ways to start finding properties:
1) Look on Loopnet
2) Talk to your local banks (you will need to build a relationship here)
3) Contact a commercial real estate brokerage (Again, relationship building)
4) Go to your local REIA Meetings
5) Contact your local Apartment association
6) Find a meetup group near you
7) Call smaller apartment and commercial property owners to network with (tell them you want to get into the business and ask if you can buy them lunch)
People LOVE to talk about their passion and you will learn a ton from people in the trenches.
If you want to learn more, register for my Commercial Foreclosure and Short Sale Newsletter group. I have a video that a few of my associates put together this week.
It will show you what they are doing to find commercial real estate foreclosures and short sale properties.
Click here to register for my newsletter and I will send you the details for the video.
