Inside Tips, News and Info for Sellers....Hot Properties, Hot Markets and Hot Trends for Buyers
Applied Service Group and Brij Capital merge forces
FOR IMMEDIATE RELEASE March
25, 2013
(New York, NY) With the
growing number of property owners with commercial buildings falling into
default because of the economy, prices are currently 42% below the 2007-2008
peak. The principals of Applied Service Group and Brij Capital have combined
their efforts to assist these owners through various loan resolutions.
Pop the Bubble of a Commercial Loan Balloon
Millions of commercial mortgages are either still underwater or have large balloon payments due. Commercial mortgages originated prior to 2008 were structured with a balloon payment which was a popular option during that time.
For those not familiar with the term, a balloon payment is a large payment due at the end of a mortgage or loan. Since the payments are not spread out over the full term of a normal 30 year mortgage,
For those not familiar with the term, a balloon payment is a large payment due at the end of a mortgage or loan. Since the payments are not spread out over the full term of a normal 30 year mortgage,
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