What is Distressed Real Estate?
May 19, 2010
We keep seeing the term distressed real estate more and more in the press and on the business news. I am sometimes asked what does that mean. Maybe the easiest explanation would be that the value of the subject property has fallen to a number which is lower than the unpaid balance on the mortgage. Remington has the ability to help both owners and lenders to optimize their options when these circumstances occur.
Tags: access to commercial capital, andy bogdanoff, Distressed Owner Recapitalization