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Bruce Sturman , Director
Bruce Sturman , Director
March 7, 2011 Real Estate news in Manhattan,New York, United States of America
Bruce Sturman is a buyer of distressed debt in Commercial Real Estate markets "We believe that there will be opportunities to acquire debt that has become non performing"
FOR IMMEDIATE RELEASE
Manhattan,
New York,
United States of America
(Free-Press-Release.com) March 7, 2011 --
Bruce Sturman is a buyer of distressed debt in Commercial Real Estate markets.
"We believe that there will be opportunities to acquire debt that has broken," according to Bruce Sturman.
For the past several years, commercial real estate investors have used as much cheap debt as they could to buy properties. Many of those loans made their way into pools of mortgages behind commercial mortgage-backed securities (CMBS).
But with rising interest rates, and the potential for slowing price appreciation and a weakened economy, those borrowers may run into difficulties paying their loans.
"Because we think on some of these aggressively underwritten pools, we will see losses higher in the stack and that there will be some investment-grade (CMBS) buyers who suddenly find themselves in the control position who are not special servicers or work-out experts," Sturman said.
"We think in those situations we will be able to potentially come in, acquire that debt and use our expertise to fix those deals."

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