Now. While MF Housing is on the down swing, it is that way based upon the availability of financing in the MF Market. Once lenders start lending again in this market property values will rebound significantly. Our fundamentals based bank REO and Note purchase strategy allows us to purchase what would be, or will be fundamentally strong properties at significant discounts. We buy cash, foreclose, fix-up and lease up. When the lending sector begins to compete for MF Housing loans, and they will -- it will be too late for all the wait and see-ers... If you want more details, contact me, John Shine, VP, Acquisitions, International Commercial Property, at 7272-365-6112.
May 24, 2010